25
Nov
13:36
South32 eyes coking coal expansion
Australia’s South32, which was spun out of BHP Billiton last year, says it is open to purchasing more coking coal assets but will give thermal coal a wide berth. The comments follow an agreement to buy assets from Peabody earlier this month, Kallanish notes.
South32 has agreed to pay at least $200 million for the Australian coking coal assets of bankrupt US miner Peabody Energy. The deal included the Metropolitan Colliery and Peabody’s 16.67% stake i…
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Very good overview of the weekly steel market.
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