Mt Arthur coal mine - We'll buy it, page-4

Agreed that BHP now may be in no hurry to complete a sale, as it has already flagged it wants out (keeping the ESGers happier), but at current spot, another year or so would give it good spare change (keeping shareholders happier).

Also, the NSW govt wants a guaranteed resolution for the mine remediation in the longer term, and so wants any mine extension conditional on firmer remediation terms (perhaps additional levy imprest from the incoming buyer given the higher spot & futures out 5 years).

I think NHC wants the mine now as it has ready customers, but does not want to overpay. I think some of the noteholders are also (potential) customers who want to capitalise on their investment by getting access to higher tonnage.

So, who is going to blink first (and will NHC's FCF burn a hole in NHC's pockets) ?