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Yancoal moves on Warkworth

LESS than one month after it took management of Rio Tinto’s thermal coal business in the New South Wales Hunter Valley, Yancoal Australia has spent US$230 ($A292) million to buy Mitsubishi Developments 28.9% stake in the Warkworth joint venture.

Noel Dyson
Yancoal has exercised its Warkworth option.

Yancoal has exercised its Warkworth option.

Yancoal had a call option to buy the Mitsubishi stake. The acquisition is expected to be completed by early March and is subject to Foreign Investment Review Board approval and the waiver – or non-exercise...

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