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Aug 7, 2018 · Australia's Wesfarmers Ltd has agreed to sell its last coal asset for A$860 million ($635 million), taking advantage of a surge in coal prices, as the conglomerate embarks on the biggest...
On 23 May, Wesfarmers announced its successful $200 million bid for the Curragh coal mine in Queensland. Wesfarmers had not made a major acquisition for six years and at the time coal was out of favour.
Jun 30, 2017 · LONDON/SYDNEY, June 30 (Reuters) - The final group attempting to buy the Curragh coking coal mine in Australia from conglomerate Wesfarmers Ltd has dropped out, two sources familiar with...
Dec 21, 2017 · Edward White. December 21 2017. Unlock the Editor’s Digest for free. Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wesfarmers has agreed to sell a...
Dec 22, 2017 · Wesfarmers, which owns Supermarket giant Coles, expects a post-tax profit of about $100 million from the sale. It will also receive 25 per cent of Curragh's export coal revenue generated above a realised metallurgical coal price of $US145 ($A203) per tonne, over the next two years.
Dec 22, 2017 · Wesfarmers has announced a major step in its planned exit from coal by selling its Curragh coal mine in Queensland to Coronado Coal Group for $700 million. The WA-based retailer and owner of Coles and Bunnings said it expected to book a post-tax profit on the sale of about $100 million.
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