Coronado, Peabody call off $9b merger talks
Brad ThompsonReporter
Updated
Coronado Global Resources looks set to pursue a move into thermal coal under its own steam after abandoning talks around a potential $9 billion plus merger with Peabody Energy Corporation, which has savaged the Queensland government over royalty hikes.
Coronado and Peabody have agreed to call off discussions about a merger that was seen as heralding a round of consolidation in the resurgent coal mining industry.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
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