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BHP’s US$1.35b coal sale to Stanmore better than expected: Macquarie – The Australian Financial Review
BHP scored a strong price for its BMC coal assets in Queensland and has done well to retain economic interest until the sale…
Macquarie also noted the Stanmore deal structure was different to the Cerrejon deal in August, to BHPs benefit given the perky coal prices.
At Cerrejon, economic ownership was backdated. This time, BHP wont hand over economic and operating control of the…
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