SunCoke Finalises Acquisition Of Lakeshore Handling
News: US metallurgical coke producer SunCoke Energy Partners (SXCP) has finalised its US$28.6mn acquisition of US coal services company Lakeshore Coal Handling from privately owned US firm Beemsterboer Corporation , Energy Business Review reports. SXCP stated that it will continue to run Lakeshore ' s existing operations and that staff members will be retained. SunCoke currently uses Lakeshore for some of its coal handling and blending services.
BMI View: With emerging markets attracting the bulk of mining investment we see quite slow growth across mineral products in the US over our forecast period. We forecast the value of the US mining industry to reach US$66.1bn in 2017, representing an average growth rate of 1.8% per annum. We see the domestic mining sector growing at a slower pace than many developed market peers, such as Canada and Australia, but believe promising opportunities for mine development in the US still exist.