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Story summary
- Yancoal Australia agreed to acquire an 80% stake in the Kestrel Coal Mine for up to $2.4 billion, with closing expected by late Q3 2026.
- The deal includes an upfront payment of $1.85 billion.
- The deal includes potential additional payments of $550 million based on coal price benchmarks.
- Kestrel produced 5.9 million tonnes in 2025.
- The mine has a life expectancy of 25 years.
