Adaro and EMR diversify into Australian metallurgical coal with US$2.25 billion Kestrel acquisition
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Overview
-
Deal summary
- Kestrel
- Deal analysis
- Strategic rationale, upside and risks
Tables and charts
This report includes the following images and tables:
- Deal summary
- Location map
- Summary valuation
- Valuation metrics
- Economic assumptions
- Adaro and EMR's bid signals further recovery in deal-implied benchmark hard coking coal prices
- Adaro pro-forma production profile - metallurgical coal (attributable)
- Seaborne metallurgical coal total cash cost curve 2018 (US$/tonne)
- Marketable reserves (1 July 2018)
What's included
This report contains: