Key players within Coronado Global Resources are believed to be in talks with an Indonesian mining group about a sale of assets or the business.The move comes after the Australian-listed New Hope Coal was said to have made advances.Some industry sources were pointing to BUMA as the most logical party to be involved. It is the group that agreed to buy Anglo American’s Dawson mine in Queensland for $US455m.Other potential candidates could be Golden Energy and Resources, a subsidiary of Indonesian conglomerate Sinar Mas Group.One possibility is that BUMA could partner with Coronado’s 51 per cent private equity owner Energy and Minerals Group and privatise the business.It would be the operator for its most valuable coal mine, the Curragh mine in Queensland.
reported in The Australian
CRN Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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