this article on mining news regarding buyouts on coal projects over the past week.
In the US, big private coal miner, Murray Energy agreed to pay $US3.5 billion for coal assets being offloaded by Consol Energy, followed by Turkey’s Yildirim Holdings paying $US450 million for Colombian coal assets of troubled ex-billionaire Eike Batista.
Over the course of a week some $5 billion has been outlaid by people investing in the coal industry.
AFR Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
