Yancoal Spreads Its Wings with Kestrel Acquisition

Yancoal spreads its wings with Kestrel acquisition

Yancoal Australia has successfully acquired an 80 per cent interest in the Kestrel coal mine. Image: Chalabala/stock.adobe.comYancoal Australia has successfully acquired an 80 per cent interest in the Kestrel coal mine in Queensland’s Bowen Basin. The coal miner is acquiring the entire share capital of Kestrel Coal Group (KCG), with an upfront cash consideration of US$1.85 billion paid on completion, subject to customary completion adjustments. …

Yancoal Australia share price in focus as Kestrel Coal Mine deal closes

Yancoal Australia (ASX: YAL) finalises its Kestrel Coal Mine acquisition, boosting its portfolio with a major metallurgical coal asset.

Yancoal completes $1.85bn takeover of Kestrel met coal mine

Yancoal wraps up Kestrel mine acquisition - Industry Queensland

Yancoal Australia has completed the transaction to take over Kestrel Coal Group, which holds an 80 per cent stake in the Bowen Basin's Kestrel mine. The upfront cash consideration paid on completion was $US1.85 billion (about $2.66 billion) subject to customary completion adjustments. Payment of up to $US550 million ($792.5 million) more remains dependent upon the relevant benchmark coal price exceeding $US225/tonne (nominal) in any of the first…

Yancoal Australia Ltd reports Kestrel completion

Yancoal will recognize its share of Kestrel's production, revenue and earnings from Oct. 1 and expects to dispatch a circular to shareholders by Nov. 23.