Insight
Global coal M&A September 2023: Miners capitalize on record pricing, fueling deal revival
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In 2022, the pace of deal-making decelerated as coal miners sought to take advantage of the unprecedented increase in coal prices. A strong balance sheet has motivated coal miners to look for inorganic growth opportunities and business diversification away from coal. Moreover, the miners are increasingly shifting focus towards metallurgical coal. Deal pipeline remain robust with several multi-billion dollars asset up for sale.
Table of contents
- Executive summary
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Deals pipeline - ESG commitments to drive divestments
- Strategic positioning will drive deal-making in metallurgical coal
- Deal Implied price declined undermining the price surge
Tables and charts
This report includes the following images and tables:
- Coal industry has degeared from US$8bn net debt to a whopping US$13bn net cash over last 4 years
- Net cash position by company
- Acquisition spend by region
- No of deals by region
- Deal-implied long-term benchmark thermal coal prices vs Newcastle export thermal coal price
- Deal-implied long-term benchmark metallurgical coal prices v Queensland HCC coal spot price
- Deal pipeline value (by region)
- Deal pipeline by coal type and region
What's included
This report contains:
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