- Resource Pacific Holdings
SummaryOn 5 December 2007, Xstrata Coal Pty Limited announced its intention to acquire all issued and outstanding shares in Resource Pacific Holdings Limited.
Market definitionThe ACCC considered the relevant markets to be the national market for the supply of thermal coal and the national market for the supply of metallurgical coal.
Competition analysisThe ACCC considered that the proposed acquisition was unlikely to result in a substantial lessening of competition in the relevant markets. Factors which led to this conclusion included:
- the presence of a number of alternative suppliers of thermal and metallurgical coal including Rio Tinto, BHP Billiton, Peabody Energy Corporation and Anglo American; and
- that coal prices were largely determined by Japanese spot markets, limiting the potential for unilateral and coordinated coal price rises.
|05/12/2007||ACCC commenced review under the Merger Review Process Guidelines.|
|26/12/2007||Closing date for submissions from interested parties.|
|15/01/2008||ACCC announced it would not oppose the proposed acquisition.|