Pavel Tykac’s purchase of a 51 per cent stake in ASX miner Coronado Global Resources shows there’s still huge money to be made in coal’s final decades.
On the surface, the sale of a 51 per cent stake in Coronado Global Resources to Czech-based resources houseis a story about the unwillingness of Australian investors to support pure-play coal miners in a ESG-focused world.
But there’s a bigger story at play here. And at the heart of it is the founder of Se.ven, the little-known Czech billionaire named Pavel Tykac, who has very rapidly built a $US7.8 billion fortune by charging into a coal sector that others have fled.
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