Billionaire investor tips more M&A in red-hot coal sector

Brad Thompson and Jemima Whyte

Oct 14, 2022 – 5.11pm

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Billionaire investor and coal champion Robert Millner sees the potential for more consolidation in the sector amid merger talk between Coronado Global Resources and US-based Peabody Energy.

The New Hope chairman expects coal to stay stronger and for longer with a global energy shortage and emerging nations still building coal-fired power stations.

Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau.

Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years.