AWR Lloyd advised a major Asian mining group on a US$420 million acquisition of a Chinese coal-mining business with two main assets – one operating underground mine and one mine under development. AWR Lloyd advised on valuation, supervised detailed due diligence and supported negotiations, deal-structuring and post-deal communication to the public and investment community. The mines produce high CV coal for the fertilizer, power and PCI steel sectors in China. The transaction has been very value-creating for the client. One of the assets was sold three years later for US$675 million while the other is currently valued at over US$1 billion.