Linc Energy Shares Jump on Coal Mine Sell Off Speculation
Linc Energy (ASX:LNC) shares have jumped more than 35% after it said it was in talks with Adani Enterprises to sell its coal mines.
Linc Energy CEO Peter Bond said that the coal mines at the Galilee tenement, which Adani is looking to buy, were valued at $1.3 billion.
Adani Enterprises, the Indian company has been allowed to undertake a feasibility study in regard to the construction of a port at Dudgeon Point near Mackay in Queensland. In fact the North Queensland Bulk Ports Corporation announced that Adanis Enterprises has also been given rights to access the viability of the port.
View Larger Map
Being in close proximity to the Dalrymple Bay Coal Terminal and Hay Point makes it an ideal location for future export plans. BHP Billiton and Mitsubishi jointly operate Hay Point and route a lot of exports via Dalrymple Bay as well.
Linc Energy is Australia's leader in clean coal technology and has proven the combination of two technologies, Underground Coal Gasification (UCG) and Gas to Liquids (GTL). Together these technologies have the potential to economically convert 'stranded' coal, from deep underground, into ultra-clean liquid fuels.
Shares in Linc Energy were trading at AUD$1.36, 2:55PM AEST today.
Written by
Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
Please use one of the following formats to cite this article in your essay, paper or report:
APA
Scanlon, Joel. (2019, February 18). Linc Energy Shares Jump on Coal Mine Sell Off Speculation. AZoMining. Retrieved on January 30, 2026 from https://www.azomining.com/News.aspx?newsID=134.
MLA
Scanlon, Joel. "Linc Energy Shares Jump on Coal Mine Sell Off Speculation". AZoMining. 30 January 2026. <https://www.azomining.com/News.aspx?newsID=134>.
Chicago
Scanlon, Joel. "Linc Energy Shares Jump on Coal Mine Sell Off Speculation". AZoMining. https://www.azomining.com/News.aspx?newsID=134. (accessed January 30, 2026).
Harvard
Scanlon, Joel. 2019. Linc Energy Shares Jump on Coal Mine Sell Off Speculation. AZoMining, viewed 30 January 2026, https://www.azomining.com/News.aspx?newsID=134.
We're committed to providing free access to quality science. By registering and providing insight into
your preferences you're joining a community of over 1m science interested individuals and help us to
provide you with insightful content whilst keeping our service free.
or
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.