Kestrel Coal Resources Pty Ltd (Kestrel Coal Resources) is a new private company owned by EMR Capital of Australia (52% owners) and PT Adaro Energy of Indonesia (48%). EMR and Adaro joined forces to acquire the Rio Tinto 80% share in the Kestrel Coal Mine, near Emerald in Queensland, Australia, from the Rio Tinto Group. The agreement to purchase the Rio Tinto 80% share in Kestrel Mine was signed in March 2018 and the transaction was completed early August, 2018. Kestrel Coal Mine is a joint venture between Kestrel Coal Resources (80%) and Mitsui Investments (20%).