Approved · Waiver · decided in 29 days, 8 Sept 2026
Resources & MiningWA-55033ACCC register
Jellinbah Group, through QCMM (Lake Vermont Holdings) Pty Ltd, is acquiring an additional 10% interest in the Lake Vermont coal mine joint venture and 10% of shares in Bowen Basin Coal Pty Ltd from a subsidiary of Sojitz Corporation. This increases Jellinbah Group's stake in the Queensland metallurgical coal operation.
Jellinbah Group, through a wholly-owned subsidiary QCMM (Lake Vermont Holdings) Pty Ltd, is proposing to acquire an additional 10% interest in the unincorporated joint venture that owns and operates the Lake Vermont coal mine in Queensland’s Bowen Basin ( Lake Vermont JV ) from a subsidiary of Sojitz Corporation ( Sojitz ) (the Acquisition ). As part of the Acquisition, Jellinbah Group will also acquire an additional 10% of the shares in Bowen Basin Coal Pty Ltd, an entity that holds the Lake Vermont JV’s mining tenements. The Lake Vermont JV primarily produces metallurgical coal, as well as small volumes of thermal coal, most of which it exports to customers overseas. In addition to its existing 70% interest in the Lake Vermont JV, Jellinbah Group holds a 70% interest in the joint venture that owns and operates the Jellinbah coal mine in Queensland’s Bowen Basin. Jellinbah Group is controlled by Zashvin Pty Ltd, a private investment company. Sojitz is a multinational general trading company incorporated in Japan. In Australia, Sojitz holds interests in several mining projects (including coal projects), as well investments in the renewable energy, infrastructure and transport sectors. Sojitz is divesting its full interest in the Lake Vermont JV.