Yancoal Australia has agreed to pay up to $2.4 billion for one of the largest underground coking coal mines in the world — $1.85 billion upfront, the rest contingent on price recovery. Our DCF puts fair value at $1.29 billion on the 80% stake at current market assumptions, indicating Yancoal paid a 40%+ premium to acquire the asset…
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Coking coal market update for September 17th…
BHP Mitsubishi Alliance is set to cut about 750 coal mining jobs in Queensland, citing the state’s high coal royalties. Its Saraji South mine at Dysart will be mothballed from November…
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Podcast with Ben Kelleran from Kontrarian Korner…
Yancoal drop in share price marks buying opportunity…
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