Signed 18 May 2026: US$2.3bn upfront cash plus a price-linked earnout of up to US$1.575bn (capped annual payments over five years). Includes 88% of Moranbah North/Grosvenor, 70% Capcoal, 86.36% Roper Creek, 51% Dawson ventures. Follows the collapse of Peabody Energy’s US$3.8bn deal (2025) after the Moranbah North explosion and the earlier ~US$1bn Jellinbah stake sale: aggregate steelmaking-coal proceeds up to US$4.9bn.
Completion expected Q1 2027, subject to competition clearances and pre-emption.
Value: Up to US$3.875bn (verified against public announcements).
Advisers: No legal adviser is identified in the public record reviewed by The Meridian.
Recorded by The Meridian research desk from public announcements, regulatory filings and financial press coverage. Dates and values are as publicly reported.
