Coal companies are expected to turn away from mergers and acquisitions (M&A) this year to maximise the value of their existing assets on the back of high prices and a weaker Australian dollar, according to international law firm Herbert Smith Freehills.
Gold, meanwhile, is predicted to take coal’s place as the leading commodity for M&A in 2019, noting its steady increase in demand and exploration activities throughout last year, the firm continued in a report.
Given a potential decline in M&A activities in coal this year, coal companies are predicted to refocus their efforts on increasing their development and expansion projects.
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