|Day's Range||8.35 - 8.40|
|52 Week Range||5.50 - 9.55|
|PE Ratio (TTM)||13.02|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
South32 Ltd on Tuesday killed a $200 million deal to buy Peabody Energy's Metropolitan coal mine in Australia after running into competition concerns about supply of coal to local steel makers. South32, which had been pursuing its first major acquisition since being spun off by global miner BHP Billiton , said it was unwilling to take the steps required to appease Australian steel makers to get the deal over the line.
Australia's top gas producers, led by ExxonMobil Corp and Royal Dutch Shell, agreed to boost supply to the country's domestic market to help avert an energy shortage following crisis talks with Prime Minister Malcolm Turnbull. Australia is on track to become the world's largest exporter of liquified natural gas (LNG), yet its energy market operator has warned of a domestic gas crunch from 2019 that could trigger industry supply cuts and broad power outages.
The first attempt at an acquisition by Australia's South32 following its spinoff from BHP Billiton has raised competition concerns over control of the local coking coal market. Australia's chief competition regulator on Thursday said it was concerned South32's proposed $200 million acquisition of Peabody Energy's Metropolitan colliery in Australia could curb competition in the supply of coking coal in the domestic market.