1. In my post directly above, I said there was widespread expert speculation that 20% sale of BW, after April 2024 (when met prices were then much higher, cf now!) would attract bids for
about US $500m.
I actually understated WHC's great success of this partial BW sale- as experts were stating 20% of BW would likely "fetch
up to US$500m" (ie not "about" US $500m). This implies the experts thought 20% of BW might sell for only US $450m!?.
2. Yes, I believe that WHC (as it is likely be debt free in H1 2025) might now be considering bidding for a
part of Anglo's coal assets- if the price was right.
Experts have stated that Anglo's met coal is superior quality, cf WHC coal.
Would the very cashed-up Anglo agree to vendor finance part of a new deal with WHC (ala the very juicy deal that WHC extracted from BHP/BMA, for BW & Daunia)?
3. I wrote several months ago that I believed it would be very unlikely that YAL would be able to bid for Anglo's Aust. coal mines (60% controlled by mainland Chinese =, of course, the Chinese Communist Party, who waged a totally illegal, anti- WTO principles, vast trade war against Australia, from early 2020).
I now believe I was wrong- & that YAL may be able to bid, successfully.
mining.com C. Jamasmie 20.8.24 said
"
Anglo American (LON: AAL) is said to have set September 9 as the date it will begin receiving bids for its Australian metallurgical coal mines, which analysts estimated to be worth up to $5 billion, before a fire at Grosvenor in June that shut the mine...Bids will be open for Anglo’s Grosvenor and Moranbah North mines, as well as three smaller mines in Queensland, according to two unnamed sources cited by Reuters.Can anyone advise whether
Analysts predict that potential bidders may include Glencore (LON: GLEN), already a major supplier of Australian coal, Indonesian companies and Yancoal (ASX: YAL), which operates several coal mines in the country...
A group of Indonesian companies led by Golden Energy and Resources is reportedly considering making an offer. Delta Dunia Group, a Jakarta-listed company that operates the BUMA coal mining services business in Australia,announced in Julyits intention to expand through acquisitions.
China-backed Yancoal is another strong candidate to bid for Anglo’s assets. The minersaid on Mondayit was on the hunt for metallurgical coal deals in Australia, backed by A$1.5 billion ($1bn) in available funds. If successful, the move would position Yancoal as one of the nation’s top producers, capitalizing on rising demand across Asia".
Anglo American to receive coal bids in September - MINING.COM
Can anyone advise whether, if WHC bought one or more Anglo mines, it might produce very valuable synergies for WHC (because WHC already owns a neighbouring mine- as WHC stated, after the April 2024 BMA deal, would be very valuable for WHC's already owned Winchester South)?
(20min delay)