Kestrel Coal Resources

Kestrel Coal Resources is a new private company owned by EMR Capital of Australia and PT Adaro Energy of Indonesia. EMR Capital own a 52% share and PT Adaro Energy own a 48% share. EMR and Adaro joined forces to acquire the Rio Tinto 80% share in the Kestrel Coal Mine. The mine is located mine located in the Bowen Basin at Crinum which is 51 km northeast of Emerald in Central Queensland, Australia. The agreement to purchase the Rio Tinto 80% share in Kestrel Mine was signed in March 2018. The transaction was completed in early August, 2018. Kestrel Coal Mine is a joint venture between Kestrel Coal Resources (80%) and Mitsui Investments (20%).