Billionaire Alexander Ramlie-Backed Dhilmar To Buy Australian Coking Coal Mines For $3.9 Billion

Alexander Ramlie, CEO, Dhilmar.

Provided by Amman Mining Company

Dilma— Backed by Indonesian mining billionaire Alexander LumleyLondon-listed Anglo American’s Australian coking coal mines will be acquired for up to $3.9 billion as demand for steel-making coal grows.

Under the agreement, UK-based Dhilmar will pay $2.3 billion in cash upon completion of the deal in the first quarter of 2027, and an additional $1.6 billion based on the price of coking coal within five years of completion, Anglo American said in a statement. statement on Monday.

The mine was originally scheduled to be sold to US miner Peabody Energy in November 2024, but the deal fell through after a fire in March 2025 led to the temporary closure of Australia’s Moranbah North mine. Anglo American said it would continue to seek arbitration from Peabody over the failed deal.

Anglo American is the world’s third-largest exporter of coking coal, supplying customers in Asia, Europe and South America. The company operates five coal mines and produced 8.2 million tons of coking coal last year. Its two largest mines – Moranbah North and Grosvenor – are located in Queensland, Australia.

Demand for coking coal, a key raw material for steelmaking, is expected to be stronger as global steel consumption increases. According to data from the World Steel Association, global steel demand is expected to grow by 0.3% in 2026, reaching 1.7 billion tons, and will accelerate by 2.2% in 2027, reaching 1.8 billion tons.

With a real-time net worth of $1.4 billion, Ramlie is one of the richest people in Indonesia. He is CEO of Dhilmar, which acquired Canada’s Éléonore gold mine from U.S. gold giant Newmont in 2025 for $795 million. Ramli is also a commissioner at Amman Mining International, which operates one of the largest copper and gold mines in Indonesia.