Aussie coal miners rally on Anglo's $3.88 billion asset sale, signalling higher values

Stanmore Resources

19/05/2026 05:53

** Australian coal miners rise between 1% and 5% a day after Anglo American AAL.L agrees to sell its steelmaking coal mines in Australia to UK-based miner Dhilmar for up to $3.88 billion

** Whitehaven Coal WHC.AX rose 1%, while Stanmore Resources SMR.AX jumped more than 4%

** Yancoal Australia YAL.AX and New Hope Corp NHC.AX added between 1% and 3%

** "It's (moves) chiefly driven by Anglo's asset sale for what was seen as a very full price, so maybe the readthrough is their (Australian coal miner's) asset values may be worth more," said Daniel Morgan, mining equity analyst at Barrenjoey

** Morgan notes that Stanmore, which is up the most, had been seen as a serious contender, so that could be a relief rally that it did not win the Anglo deal

** Broader ASX 200 benchmark .AXJO up nearly 1%

(Reporting by Sneha Kumar and Melanie Burton)

((Sneha.kumar@thomsonreuters.com;))