Eagle Downs News Today

Australian company Stanmore Resources has sealed the acquisition of the remaining 50% stake in the Eagle Downs metallurgical coal project and a 100% interest in the Eagle Downs South tenements in Queensland, from Aquila.

Chinese state-owned steelmaker Baowu has called time on a dirty decade by selling an undeveloped coal asset acquired in the 2014 takeover of Aquila Resources.

Australia-based diversified metals producer South32 has agreed to sell its Illawarra metallurgical coal operations in New South Wales state to an entity owned by Singapore-based Golden Energy and Resources (Gear) and Australia's M Resources for $1.65bn.

BHP’s blockbuster sale of its Queensland coal mines, Daunia and Blackwater, is already coaxing out other deals in the sector.

Whitehaven Coal has acquired two metallurgical coal mines in Queensland from BHP Mitsubishi Alliance (BMA). The sale signals optimism about demand for Australian metallurgical coal that will prove misplaced in the long term.

As BHP’s auction for Daunia and Blackwater gets to the pointy end, owners of other coal assets in the M&A pipeline are starting to get their ducks in a row. 

The American private equity group that created Coronado Global Resources has finally lost patience with Australian investors disinterest in coal stocks.

China’s Baowu will try to sell its remaining Queensland coal assets after closing a disastrous contract that forced it to pay for unused port capacity

Big miners have sworn off new coking coal mines in response to royalty increases and state bans, which makes Barry Tudor think he’s building the world’s last mine.

The Queensland miner says it has received “multiple” enquiries from Chinese customers wanting to buy coal, adding to perceptions Beijing will ease a trade ban.