It's the much heralded knight in shining armour about to determine the working future of hundreds of Illawarra coalminers.
But what - or who - is Jindal Steel and Power?
The Indian company poised to become Gujarat NRE Coking Coal's majority shareholder remains elusive and almost unknown to most within the region. And it will not declare its intentions until a Gujarat shareholders' meeting scheduled for next Wednesday.
Despite making requests by phone and email, the Mercury has been unable to speak to anyone from the Australian arm of Jindal. However, the following details about the Indian steel giant are publicly available.
The company is headed by Naveen Jindal, who took over as chairman from his father, Om Prakash Jindal, who founded the New Delhi-based company in 1952.
As well as being at the helm of his namesake company, Mr Jindal is an Indian MP who describes himself on his website as a "crusader for the Indian national flag, an advocate of women and child rights, a philanthropist, a parliamentarian, a politician, a successful industrialist, and a sportsman par excellence".
According to Indian newspaper Business Standard, Jindal Steel and Power plans to become India's third largest steel producer by 2015.
The Standard reported in August that, pending the result of Wednesday's Gujarat NRE shareholders' meeting, Jindal would use coal reserves from the two Illawarra mines to sustain these steel operations.
Jindal's managing director and chief executive, Ravi Uppal, said Jindal wanted "an assurance in supply and price stability, which is why we are exploring opportunities outside India, as there is a shortage of resources in the domestic market".
The takeover of Gujarat NRE would be a dramatic boost in Jindal's Australian operations because it only seems to have exploration licences in Queensland, as well as a 27.29 per cent stake in coal exploration company Rockland Richfield.
In February, Jindal began a $221 million takeover bid of Gujarat NRE, offering to buy shares for 20¢ each.
Gujarat advised its shareholders to reject this offer because it was too low.
At the close of trading yesterday, Gujarat's shares were 7.5¢ on the Australian Stock Exchange.