Meet BUMA, the new bidder for BHP and Mitsubishi’s $US3 billion-plus Queensland coal mines.
Sources told Street Talk the Indonesian mining contractor, which has furnished the Blackwater site with trucks and excavators for a decade, is among the parties shortlisted late last month.
It knows the asset well, but BUMA faces stiff competition from a handful of parties, including Coronado Global Resources, Yancoal and NY-listed Peabody Energy.
Finally, we have some news on the hotly anticipated-possible-maybe Chemist Warehouse IPO/trade sale. An announcement that ASX-listed Sigma had won a $2 billion contract to supply goods to CW promoted chatter about whether the retail giant could push for a merger and get a backdoor listing.
