Anglo American, a global mining giant, has announced a landmark decision to sell its 33.3% minority stake in Jellinbah Group Pty Ltd for A$1.6 billion (approximately US$1.1 billion). The buyer, Zashvin Pty Ltd, an existing shareholder, has secured this substantial acquisition, marking a significant shift in the Australian coal industry and Anglo American’s strategic operations. […]
In a groundbreaking development that could redefine the coal industry in North America and beyond, Arch Resources, Inc. and CONSOL Energy Inc. have announced a definitive agreement to merge in an all-stock transaction, creating a new entity named Core Natural Resources. This merger, set to close by the first quarter of 2025, marks a pivotal […]
In a significant development within the mining and resources sector, South32 (ASX:S32), a global mining and metals company, has entered into an agreement to sell its Illawarra Metallurgical Coal operations to a consortium led by Golden Energy and Resources (GEAR) and M Resources. The deal, valued at up to US$1.65 billion, marks a pivotal move […]
Stanmore Resources Limited (ASX: SMR) has announced the signing of a definitive sale and purchase agreement with a wholly-owned subsidiary of South32 Limited to acquire a 50% interest in the Eagle Downs metallurgical coal project. This significant transaction also includes a 100% interest in Eagle Downs Coal Management Pty Ltd (EDCM) and associated assets, marking […]
In a significant mining transaction, BHP and Mitsubishi Development Pty Ltd (MDP) have inked Asset Sale Agreements for the divestment of the Blackwater and Daunia mines. These mines are integral to the BHP Mitsubishi Alliance (BMA) metallurgical coal joint venture in Queensland, where both BHP and MDP have an equal 50% stake. Breaking Down the […]