UNDERGROUND

EMR completes Kestrel acquisition

SPECIALIST mining private equity manager EMR Capital has completed its US$2.25 billion transaction to acquire Rio Tinto’s 80% interest in the Kestrel coking coal mine in Queensland.

 The longwall at the Kestrel coal mine in Queensland is now officially owned by EMR Capital and Adaro.

The longwall at the Kestrel coal mine in Queensland is now officially owned by EMR Capital and Adaro.

EMR entered into a binding agreement with PT Adaro Energy, one of the world's largest coal producers, to buy and jointly manage the longwall mine.   Kestrel produced 4.25 million tonnes of hard coking...

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