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Ramaco acquires coal properties; Clayton Williams/Noble deal faces lawsuit

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European Energy Insights - May 2021

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Metals & Mining Insights May 2021

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[Report]: 2021 Corporate Renewables Outlook

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Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective


Ramaco acquires coal properties; Clayton Williams/Noble deal faces lawsuit

Coal M&A

Ramaco expands operations with acquisition

Ramaco Resources Inc. announced it acquired approximately 14,762 acres of coal properties in Virginia and West Virginia. As part of the transaction, Ramaco will acquire several coal leaseholds adjacent to its own Knox Creek operations that could be developed in the future.

Regency Mines acquires 20% stake in Ala. coal mine

Regency Mines Plc said March 28 that it acquired a 20% interest in the Black Creek coal property in Alabama for a nominal consideration. The property is northeast of Regency's 20% subsidiary Carbon Minerals Corp.'s Rosa metallurgical coal mine and covers a permitted area of 287 acres in six increments.

Masimong is lead bidder for Anglo American coal mines in South Africa

Backed by South African Chamber of Mines President Mike Teke, Masimong Minerals Pty. Ltd. is said to have emerged as the lead bidder during the auction for some of Anglo American Plc's South African coal mines. Masimong is leading the Phembani Group in the process, and their offers for the assets range between 2 billion and 3 billion South African rand.

Vale appoints new CEO, completes Moatize coal mine sale to Mitsui

Vale SA said March 27 that its board has appointed Fabio Schvartsman as CEO, replacing Murilo Ferreira. The company also reported the completion of the sale of its interest in the Moatize coal mine and in the Nacala Logistics Corridor to Mitsui & Co. Ltd. Vale has received US$733 million of the total US$770 million payment.

Natural gas/midstream M&A

ConocoPhillips' sale of Canadian assets, plans to cut debt meet with approval

ConocoPhillips Co.'s decision to sell a number of its Canadian assets and use some of the proceeds to pay down its debt earned positive reviews from industry analysts. The sale of the assets to Cenvous is scheduled to close in the second quarter of 2017.

Clayton Williams shareholders sue company to try to sink acquisition by Noble

A group of Clayton Williams Energy Inc. shareholders sued the company March 22 in an attempt to block the pending acquisition by Noble Energy Inc., saying the $3.2 billion deal undervalued the rapidly rising shares of Clayton Williams.

Williams Partners closes sale of Delaware Basin assets to Anadarko, ETP

Williams Partners LP completed sales of its interest in a gas processing plant in the Delaware Basin to Anadarko Petroleum Corp. and Energy Transfer Partners LP for a total of $45 million, furthering a push out of the basin and into the Marcellus Shale.

SEC OKs registration statement for ETP/Sunoco merger deal

The SEC declared effective the registration statement related to the pending merger between Energy Transfer Partners LP and Sunoco Logistics Partners LP, one of the closing conditions for the deal. In addition, ETP filed a proxy statement with the SEC for the special meeting in which unit holders will vote on the merger deal.

Vanguard agrees to $78M stalking-horse bid from OXY USA for Texas assets

Vanguard Natural Resources LLC subsidiary Vanguard Operating LLC agreed to a stalking-horse bid from Oxy USA Inc. of $78.3 million for oil and gas assets as part of its Chapter 11 proceedings. The deal is scheduled to close May 5, subject to the bankruptcy court's approval and if other qualified bids are made and accepted in time.