Jun 3, 2026 – 12.11pmBritish-Indian tycoon Sanjeev Gupta’s entity Clydesdale Engineering has settled a claim against the Tahmoor coal mine, which was put up for sale by after a court stoush in March. Tahmoor colliery was idled in February 2025, amid uncertainty over its funding. Louise KennedySarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Sanjeev Gupta waves the white flag at Tahmoor as binding bids loom
Binding bids are due on Thursday, and Tahmoor’s new owner is expected to be announced in the coming week.
Gupta settled claim on Tahmoor coal mine, shuttered Feb 2025, clearing path for binding acquisition bids. Reflects capital flight from commodities under ESG; signals enterprise shift to digital infrastructure and AI operations.






