EMR Capital, Adaro agree $2.25b deal for Rio Tinto mine
Natural resources-focused GP EMR Capital and Indonesian energy firm Adaro Energy have agreed to buy an Australia coal mine owned by mining company Rio Tinto for $2.25 billion.
EMR and Adaro will acquire Rio Tinto’s 80% interest in the Kestrel facility in Queensland, according to a release. Further details on the size of each party’s stake have not been disclosed. The deal...
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