For your perusal -
Sydney Morning Herald - 3 September 2018 — 12:36pm
The fifth-largest coking coal miner in the world, Coronado Coal, is planning a potential $4.3 billion listing on the ASX.
Its owner, US private equity firm Energy and Minerals Group, is exploring potentially launching the coal miner on the ASX in the coming months.
The owners of the Curragh coal mine, Coronado Coal, are exploring a multi-billion dollar listing on the ASX.
Photo: Robert Rough
A prospectus is expected within the next four to six weeks, with a listing as soon as November.
The proposed IPO will be the largest coal listing in Australia since the height of the mining boom, in 2012, when the Chinese firm Yancoal entered the ASX.
Coronado Coal burst onto the Australian mining scene in March when it bought Wesfarmers’ Curragh coal mine in Queensland for $600 million. While Coronado managed to get a hold on the Curragh coal mine, it also briefly had its eye on Anglo American’s Moranbah and Grosvenor metallurgical coal mines in Queensland.
Link to this article
If you don't know who Ernie Thrasher is, read this -
AFR article
Particularly the last paragraph stating that Coronado owns Curragh coal mine. And they are also interested in purchasing other QLD coal mines.
- Ernie Thrasher sits on the board for Energy and Minerals Group. EMG owns Coronado. Therefore Coronado owns Curragh coal mine
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- Ernie Thrasher also has ownership of Bounty, circa 10% shareholding.
If you have a quick google map, you find this:
View attachment 1281998
What's everyone's thoughts on a takeover bid from Coronado to buy out Bounty?
