en.Wedoany.com Reported - Singapore's Golden Energy and Resources Pte Ltd ("GEAR") and Australia's M Resources Pty Ltd have signed a definitive asset sale agreement to acquire the coal business and assets of Tahmoor Coal Pty Ltd and Bargo Collieries Pty Ltd from the liquidator. The transaction is subject to approval from the Australian Competition and Consumer Commission (ACCC) and the Foreign Investment Review Board (FIRB), and is expected to be completed by the end of the third quarter of 2026.

Golden Energy and Resources is a leading resource company in the Asia-Pacific region, mining metallurgical coal in Australia through its 51%-owned subsidiary, Illawarra Coal Holdings Pty Ltd, through its 59%-owned subsidiary, Stanmore Resources Limited, listed on the Australian Securities Exchange, and through its 50%-owned subsidiary, Ravenswood Gold Pty Ltd, mining gold in Australia. M Resources is a specialized operator in the Australian metallurgical coal sector. The consortium has extensive operational experience in the Illawarra metallurgical coal complex and also operates the nearby Appin and Dendrobium coal mines. GEAR Director Mark Zhou stated that this acquisition further strengthens the strategic fit with the company's existing asset portfolio. The consortium plans to restart mining operations as soon as possible after the liquidation is completed.

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