Yancoal Australia exercises option to buy 29% stake in Warkworth coal mine for $230M

Yancoal Australia exercised its option to buy a 29% stake in the Warkworth coal mine from Mitsubishi Corp for $230 million, increasing its stake to about 85%.

“China-backed coal miner Yancoal Australia Ltd said on Wednesday it had exercised its option to buy a 29 percent stake in the Warkworth operation from Japan's Mitsubishi Corp for $230 million.”mining.com

• 1 source
• mining.comChina-backed Yancoal Australia exercises option to up stake in coal mine - MINING.COMMINING.COM Staff WriterSep 27, 2017

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