South32 Limited - proposed acquisition of Metropolitan Collieries Pty Ltd


Type of assessment Informal Review
Reference 60982
Acquirer(s)
South32 Limited
Target(s)
Metropolitan Collieries Pty Ltd
Industry Coal mining
Summary
South32 Limited proposes to acquire the Metropolitan mine and associated 16.67% interest in the Port Kembla Coal Terminal from an Australian subsidiary of Peabody Energy Corporation.
Date commenced 2nd December 2016
Project staff Shantanu Govil
Elizabeth Elias
Contact Email mergers@accc.gov.au
Market inquiries
Market inquiries have now closed. Queries regarding the ACCC's review may be addressed to Shantanu Govil and Elizabeth Elias at mergers@accc.gov.au.
    Statement of issues
    • Statement of Issues - 23 February 2017 - Word version
      23rd February 2017
      MER17+1961.docx (107.1 KB)
    • Statement of Issues - 23 February 2017 - PDF version
      23rd February 2017
      MER17+1962.pdf (294.4 KB)
    Indicative timeline
    Date Event
    2nd December 2016 ACCC commenced review under the Merger Process Guidelines.
    23rd December 2016 Closing date for submissions from interested parties.
    8th February 2017 Former provisional decision date of 16 February 2017 delayed by ACCC to allow additional time to consider the proposed acquisition.
    23rd February 2017 ACCC published a Statement of Issues outlining preliminary competition concerns.
    10th March 2017 Closing date for submissions relating to Statement of Issues. ACCC assessing information provided during market inquiries and consulting with merger parties on any relevant issues or concerns arising.
    23rd March 2017 Former proposed decision date of 6 April 2017 delayed by ACCC to allow additional time to consider the proposed acquisition.
    27th April 2017 Proposed date for announcement of ACCC's findings.