Chief executive Marcelo Matos is faced with a nightmare partner after his successful BHP Mitsui deal.
settled his $US1.2 billion deal for BHP Mitsui Coal, US giant Peabody Energy is ready to remind him how tough life is in the big league.
Mitsui, which owns the other 20 per cent of the JV, has also looked at the coal price and wants to sell. This is unwelcome news for Stanmore, not just because it is losing its ideal passive co-investor.Advertisement
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