US EditionYancoal raises Moolarben stake in $110 million deal - Mining Magazine Australia
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Yancoal raises Moolarben stake in $110 million deal - Mining Magazine Australia
Image: Mr. Tempter/shutterstock.com Yancoal Australia will increase its stake in the Moolarben thermal coal joint venture to 98.75 per cent after agreeing to acquire an additional 3.75 per cent interest for $110.5 million. The stake is being purchased from three joint venture participants who had agreed to sell to a third party, triggering Yancoal’s pre-emptive rights to match the offer. According to the ASX-listed miner, the acquisition is an “…
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