UNDERGROUND

BlueScope chooses not to gazump $2.5B IMC sale

IMC supplies BlueScope’s Port Kembla Steelworks with met coal from Appin and Dendrobium

Illawarra Metallurgical Coal's assets include the Appin and Dendrobium collieries in NSW. Photo courtesy South32

Illawarra Metallurgical Coal's assets include the Appin and Dendrobium collieries in NSW. Photo courtesy South32 | Credits: South32

BlueScope Steel has decided not to gazump a $2.5 billion acquisition of South32's Illawarra Metallurgical Coal division by Golden Energy and Resources and M Resources, even though it had pre-emption rights...

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