Approved · Waiver · decided in 11 days, 13 Apr 2026
Yancoal Australia Limited is acquiring 100% of the shares in Kestrel Coal Group Pty Ltd from investment funds. This share acquisition grants Yancoal an 80% interest in the Kestrel Coal Mine, a Queensland-based producer of metallurgical and thermal coal, expanding Yancoal's coal mining portfolio.
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.