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Alamtri Resources Indonesia|EMR Capital|Mitsui|Yancoal Australia|Yankuang Energy|Australia|China|Japan|Kestrel|Middlemount|Yarrabee|Coking Coal|Mining|Bowen Basin|Queensland
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alamtri-resources-indonesia|emr-capital|mitsui|yancoal-australia|yankuang-energy|australia|china|japan|kestrel|middlemount|yarrabee|coking-coal|mining|bowen-basin|queensland

Yancoal Australia inks $2.4bn deal to acquire Kestrel coking coal mine

Kestrel mine, in Queensland

Kestrel mine, in Queensland

14th April 2026

By: Reuters

  

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Yancoal Australia said on Tuesday it has entered a deal to acquire an 80% stake in the Kestrel coking coal mine in Queensland for up to $2.4-billion - a move that strengthens its position as one of the country's largest coal miners.

The company will purchase the majority stake in the Bowen Basin-based mine from private equity firm EMR Capital and Alamtri Resources Indonesia, the current stakeholders.

The remaining 20% is held by Japanese trading house Mitsui & Co.

Yancoal, which is controlled by China's Yankuang Energy, said the acquisition would strengthen its position in the Bowen Basin, with Kestrel located near Yancoal’s existing Middlemount joint venture and Yarrabee operation.

Edited by Reuters

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