Yancoal seeks to increase share of Moolarben

YANCOAL Australia has entered into a binding agreement to buy another 10% stake in the Moolarben Coal Joint Venture currently owned by Sojitz Corporation for $300 million.

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Yancoal seeks to increase share of Moolarben Yancoal seeks to increase share of Moolarben Yancoal seeks to increase share of Moolarben Yancoal seeks to increase share of Moolarben Yancoal seeks to increase share of Moolarben

Yancoal's Moolarben open cut coal mine in NSW.

Yancoal said it viewed the proposed acquisition as an attractive opportunity to increase its participating interest in the Moolarben JV from 85% to 95%.

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