TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Indonesia’s Delta Dunia to acquire Australian coal mines for $455m

The acquisition of Dawson Complex, which produces metallurgical coal, aligns with Delta Dunia's strategy to reduce its reliance on the thermal coal business.

Aditya Hadi (The Jakarta Post)
Premium
Jakarta
Tue, November 26, 2024 Published on Nov. 26, 2024 Published on 2024-11-26T13:51:49+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Indonesia’s Delta Dunia to acquire Australian coal mines for $455m Heavy machinery is used on May 24, 2024, at a coal mining site in Sumber Batu village, Meureubo district, West Aceh regency, Aceh. (Antara/Syifa Yulinnas)

P

T Delta Dunia Makmur has entered into a binding agreement with United States-based Peabody Energy Corporation to acquire a 51 percent stake in Dawson Complex, a major Australian coal mine, for US$455 million.

The deal includes US$355 million in upfront cash, with the remainder payable over four years.

As the publicly listed Indonesian mining company announced on Monday, the transaction is to be executed through subsidiaries of the two companies, PT Bukit Makmur Internasional and Peabody SMC Pty. Ltd.

Dawson Complex, one of the largest metallurgical coal mines in Australia, produces more than 8 million tonnes of coal per year. The mine boasts confirmed reserves supporting more than 20 years of operations and additional resources that extend the mine's potential lifespan to over 50 years. Its coal products are primarily exported to Asian countries, such as Japan and India.

Unlike thermal coal that is mainly used for electricity generation through coal-fired power plants, metallurgical coal is chiefly used in the steelmaking process.

Through Peabody, Delta Dunia is acquiring the mines’ stake from Australian mining firm Anglo American. The remaining share of the mine is held by Japanese company Mitsui Resources.

Prospects

Every Monday

With exclusive interviews and in-depth coverage of the region's most pressing business issues, "Prospects" is the go-to source for staying ahead of the curve in Indonesia's rapidly evolving business landscape.

By registering, you agree with The Jakarta Post's

Thank You

for signing up our newsletter!

Please check your email for your newsletter subscription.

View More Newsletter

On Monday, Anglo American also announced it would sell its entire coal portfolio, including Dawson, to Peabody for $3.78 billion.

to Read Full Story

  • Unlimited access to our web and app content
  • e-Post daily digital newspaper
  • No advertisements, no interruptions
  • Privileged access to our events and programs
  • Subscription to our newsletters
or

Purchase access to this article for

We accept

TJP - Visa
TJP - Mastercard
TJP - GoPay

Redirecting you to payment page

Pay per article

Indonesia’s Delta Dunia to acquire Australian coal mines for $455m

Rp 35,000 / article

1
Create your free account
By proceeding, you consent to the revised Terms of Use, and Privacy Policy.
Already have an account?

2
  • Palmerat Barat No. 142-143
  • Central Jakarta
  • DKI Jakarta
  • Indonesia
  • 10270
  • +6283816779933
2
Total Rp 35,000

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.