Yancoal - Kestrel Coal Group
Yancoal Australia Limited (**Yancoal**) proposes to acquire 100% of the shares in Kestrel Coal Group Pty Ltd (**Kestrel Coal Group**) from investment funds and/or their investors which are managed by EMR Capital Management Limited or EMR Capital Advisors Pty Ltd and Adaro Capital Limited (the **Acquisition**). Kestrel Coal Group holds an 80% interest in the Kestrel Joint Venture, an unincorporated joint venture which owns and operates the Kestrel Coal Mine in Queensland. The remaining 20% of the Kestrel Coal Joint Venture is held by Mitsui Kestrel Coal Investment Pty Ltd. Kestrel Coal Group was formed to hold the 80% interest in the Kestrel Coal Joint Venture and does not itself supply goods or services. The Acquisition will result in Yancoal holding an 80% interest in the Kestrel Coal Mine. Yancoal produces thermal coal from mines located in New South Wales, Queensland, and Western Australia. It also produces a smaller volume of metallurgical coal. The Kestrel Coal Mine is located in Queensland’s Bowen Basin and produces metallurgical coal, in addition to a smaller volume of thermal coal.
- Status
- Assessment completed
- ACCC determination
- Approved
- Stage
- Waiver application
- Notified
- 2 April 2026
- Determination published
- 13 April 2026
Acquirers
- YANCOAL AUSTRALIA LTD
Targets
- KESTREL COAL GROUP PTY LTD