Anglo American has six credible bidders for its Queensland coal asset auction, which is valued at $5 billion, according to the Financial Review. One of the bidders is New Hope Coal (NHC). Headquartered in Brisbane, NHC has the operating experience, and it runs a profitable coal mining company. Speaking to Reuters, NHC CEO Rob Bishop said: “”We want to make sure we have the firepower to execute if we see something attractive in the market.
“We’re not desperate. It depends what type of assets that come up,” he said, adding that NHC had submitted a bid for five metallurgical coal mines that Anglo American is currently selling.
