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Yancoal Australia ( (AU:YAL) ) has shared an update.
Yancoal Australia Ltd has completed the acquisition of an additional 3.75% interest in the Moolarben Joint Venture, increasing its economic stake to 98.75%. The transaction, valued at A$110.5 million, will be funded through cash holdings and future operating cash flows, with payments spread over five years. This acquisition is expected to enhance Yancoal’s production and revenue, consolidating its position in the coal industry.
More about Yancoal Australia
Yancoal Australia Ltd is a major player in the coal industry, primarily engaged in the production and sale of coal. The company operates in Australia and is listed on both the Hong Kong and Australian stock exchanges, focusing on low-cost, tier-1 coal assets.
For an in-depth examination of YAL stock, go to TipRanks’ Overview page.