Delta Dunia acquires a controlling interest in the Dawson Coal Mining Complex

Dawson is a part of Anglo American’s Steelmaking Coal portfolio, which is being sold to Peabody pursuant to a separate sale agreement following a competitive sales process.

BUMA International will fund Peabody for the acquisition of Dawson, and Peabody will transfer the Dawson Complex to BUMA International post-completion of its transaction with Anglo American, subject to completing the pre-emptive rights processes in respect of Dawson and other customary conditions.

The acquisition will be executed through a newly established entity in Australia. The completion of the acquisition is contingent upon meeting all conditions agreed upon by Peabody, and BUMA International, with a targeted completion in 2025.

Ronald Sutardja, President Director of Delta Dunia Group stated:

“The acquisition of Dawson reinforces our position in the global metallurgical coal market and builds on our recent acquisition of Atlantic Carbon Group Inc. (ACG). This move further delivers on our multi-year strategic plan to diversify into a major coal services provider and producer, leveraging the Group’s industry-leading capabilities. The Dawson Complex will support our ambition to drive long-term growth and strengthen our role as a major industry player.”

The acquisition will be funded by the group’s cash reserves, a syndicated bank facility, and a guarantee facility for rehabilitation obligations. The acquisition consideration comprises of US$355 million upfront cash proceeds and US$100 million of cash payable over the period up to the fourth anniversary following transaction completion.

Read the article online at: https://www.worldcoal.com/mining/28112024/delta-dunia-acquires-a-controlling-interest-in-the-dawson-coal-mining-complex/