Sanjeev Gupta asks too much for Tahmoor Coal Mine

Sanjeev Gupta has been attempting to sell the Tahmoor Coal Mine, to no avail.

Sanjeev Gupta’s attempts to sell the Tahmoor Coal Mine owned by his GFG Alliance is attracting some credit fund buyers, but most coal miners are sidestepping the offering, sources say.

The mine in NSW has approval to produce up to four million tonnes of coal annually.

Sources say a handful of parties have looked at the asset, but have concluded the value of what has been described as a low-quality and troublesome underground mine is worth closer to $US300m ($500m) than Mr Gupta’s $800m asking price.

Credit funds are lining up to secure financing to buy the mine, sources say, but mine buyers such as Matt Latimore’s M. Resources and AMCI are not there.

Not helping Mr Gupta is the decline in the coal price, which has deterred other coal mine owners’ sale plans.

Integral Diagnostics

The 12 per cent share price fall in the $1bn healthcare provider Integral Diagnostics on Wednesday told an interesting story on what’s happening throughout the industry.

Analysts and investors said the stock was hit hard not because of any fallout with its $350m acquisition of rival Capitol Health last year, but more because the cost of staff was higher than expected, particularly in ­regional areas.

Higher staff costs are affecting the bottom line of healthcare providers throughout the sector.

However, one interesting twist to the trend playing out is that it appears a lot of staff that healthcare groups would have previously called upon are now receiving more generous employment opportunities with the NDIS or aged-care providers, where the government has mandated pay increases.

Integral Diagnostics posted a $$400,000 half-year loss, down 99.4 per cent from the previous corresponding six months to ­December 31.

Integral Diagnostics said the fundamentals of the essential radiology industry remained strong.

It said it would remain ­focused on integrating the ­Capitol Health business into the company.

It would also focus on driving organic earnings growth.