Street Talk

Anglo American’s Australian coal auction has six credible bidders

Sarah Thompson, Kanika Sood and Emma Rapaport

Sep 19, 2024 – 5.00am

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It’s down from 30-plus tyre kickers to about six credible bidders at London-listed Anglo American’s $US5 billion ($7.38 billion) Queensland coal auction, as chief executive Duncan Wanblad races against the clock to appease angry shareholders.

Anglo American CEO Duncan Wanblad. Bloomberg

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com