Tag: EMR Capital

Corporate Actions to Watch

Coal miner Adaro Energy (ADRO) with EMR Capital are now in process of acquiring 80% stake in Kestrel (Australia), a coking coal miner, from Rio Tinto. Coking coal has better prospect that thermal coal as its global supply lacks from thermal. Its price is higher and providing higher profit margin.

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Indonesian Conglomerates & Australian Assets

A consortium comprising private equity firm EMR Capital (established by former Rio Tinto Ltd executive) and PT Adaro Energy Tbk, second largest coal group in Indonesia, have last week entered into a binding agreement to acquire 80% shares of the Kestrel underground coal mine in Queensland, Australia for US$2.25 billion from Rio Tinto Ltd.

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