South32’s proposed $US200 million acquisition of Peabody Energy’s Metropolitan Colliery in New South Wales has been scrapped due to competition concerns.
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South32 coal acquisition comes under fire from ACCC
The Australian Competition and Consumer Commission (ACCC) has raised concerns about South32’s proposed acquisition of Peabody Energy’s Metropolitan coal assets in the Illawarra region of New South Wales.
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South32 acquires Peabody’s Metropolitan mine
South32 has entered a US$200 million agreement to acquire Peabody’s Metropolitan Colliery along with a 16.67 per cent interest in the Port Kembla Coal Terminal.
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Miners help to police town
An Illawarra miner is helping police keep the peace in Helensburgh.
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