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Graeme Kerr says South32 was not prepared to compromise the merits of the transaction. Photo: Attila Csaszar

South32 scraps $US200m coal mine buy

South32 has scrapped its $US200 million purchase of a NSW coking coal mine after deciding against making what it called significant concessions to gain approval from the competition watchdog.

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South32 (S32)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/03/19

1 year TSR5 year TSR
53rdFortescue Metals Group78%12%
144thWoodside Petroleum25%3%
165thSouth3221%
300thMineral Resources-4%11%
323rdOM Holdings-8%32%
729 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

03/04/19
$606k Bought
19/02/19
$648k Bought
07/12/18
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st↑South32$10,519.6m
2nd↓Fortescue Metals Group$9,358.7m
3rd-Woodside Petroleum$7,536.1m
4th-Mineral Resources$1,706.7m
5th↑OM Holdings$1,512.8m
485 listed resources companies ranked by revenue.
Source: Morningstar

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