SIMEC Group Limited signed a binding agreement to acquire Tahmoor metallurgical coking coal mine from Glencore Plc (LSE:GLEN) on January 2, 2018. The transaction is subject to customary conditions, foreign investment approval in Australia and by New South Wales government. The transaction is expected to close in the first quarter of 2018. Wyelands Capital Ltd. acted as financial advisor to GFG Alliance, parent of SIMEC Group Limited.