Climate Change, page-985

Extract AUST today:
FALLING COAL PRICE UNLIKELY TO MUDDY WHITEHAVEN’S BLACKWATER STAKE SALE

Whitehaven Coal is understood to be targeting August for an announcement surrounding a selldown of a stake in its Blackwater coal mine that it purchased as part of a broader $6.4bn acquisition from BHP.
The company has signalled it was in talks with suitors to buy about 20 per cent of the mine, but may sell down a larger holding.
An announcement in August would mean that a deal would not interfere with its audited full-year result and would be announced in time for the annual general meeting…
….The thermal coal price has fallen more sharply, but met coal has also slightly come off the boil, down 15 per cent from the start of the year to $US254.50 a tonne late last week. The risk is that Whitehaven leaves the sale too late should the coal price fall further, but the general market view is that the price of coal is still largely up strongly over time….