Here's a gift link if you're quick - first come, first served. And a summary:New interest in Coronado Global Resources sale
Coronado Global Resources is reportedly in discussions with Indonesian mining groups about a potential sale of assets or the entire business.
BUMA (which recently agreed to buy Anglo American’s Dawson mine in Queensland for US$455 million) is seen by industry sources as the most likely party involved.
Golden Energy and Resources, part of Indonesia’s Sinar Mas Group, is also viewed as a possible candidate.
A possible scenario is a privatisation deal, with BUMA partnering with Coronado’s 51% private equity owner, Energy and Minerals Group. BUMA would likely operate Coronado’s key asset, the Curragh coal mine in Queensland.
This follows earlier interest from Australian-listed New Hope Coal.
Coronado’s financial position remains uncertain, impacted by coal prices falling below profitable levels for Curragh.
I think the New Hope Coal nod is new info? Haven't seen it mentioned before.
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