Wesfarmers CEO Says in Talks on Sale of Coal Mines

The video discusses strategic options for a resource business, including the potential sale of coal assets. It explores market conditions, potential buyers, and the impact of employment data on wages and economic growth in Australia. The focus shifts to strategies for enhancing retail and industrial sectors, emphasizing cost reduction and competitiveness.

What is one of the strategic options being considered for the coal business?

• Selling the coal business

• Expanding the coal business

• Shutting down operations

• Merging with a competitor

Why are the coal assets considered attractive to potential buyers?

• They are new and untested

• They have low cost positions and good infrastructure

• They are located in a prime location

• They have high operational costs

What recent economic trend is observed in Australia?

• Rising unemployment rates

• Decreasing jobless rates

• Stagnant employment numbers

• Increasing inflation

What is the company's approach to making its retail business more competitive?

• Reducing costs and optimizing assortments

• Focusing solely on online sales

• Increasing prices

• Expanding product lines

What is the growth outlook for the industrial division?

• Declining market share

• Terrific growth prospects

• Limited growth potential

• Stable but slow growth