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Aug 7, 2018 · MELBOURNE (Reuters) - 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...
Dec 22, 2017 · Wesfarmers is one step closer to exiting coal after inking a deal to sell its Queensland Curragh coal mine to US-based Coronado Coal Group for $700 million. Wesfarmers, which owns Supermarket giant Coles, expects a post-tax profit of about $100 million from the sale.
Dec 22, 2017 · The deal will generate ongoing revenue for Wesfarmers, which will receive a quarter of the mine’s export coal revenue above a metallurgical coal price of $US145 a tonne over the next two years.
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 the...
Wesfarmers sells Curragh coal mine in Queensland to Coronado Coal Group for $700 million. under an agreement which also includes a value share mechanism linked to future metallurgical coal prices. Completion of Premier Coal Sale. Sale of Premier Coal. Agreement to Sell Premier Coal.
Wesfarmers Limited is an Australian conglomerate, headquartered in Perth, Western Australia. It has interests predominantly in Australia and New Zealand, operating in retail, chemical, fertiliser, industrial and safety products. With revenue of A$43.5 billion in the 2023 financial year, [2] it is one of Australia's largest companies by revenue.
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Dec 22, 2017 · Wesfarmers has sold its Curragh coal mine in Queensland for $700 million in a deal that will also earn it further payments if the coal price remains strong. The conglomerate said it would...
