# 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%.

- Type: Acquisition
- Announced: 2017-09-27
- Where: Australia
- Value: $230.0M
- Status: announced
- Products: coal
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Mitsubishi Corporation](https://endata.com/companies/575.md) (target)
- [Yancoal Australia](https://endata.com/companies/24904.md) (acquirer)

## Sources

- [mining.com](https://www.mining.com/web/china-backed-yancoal-australia-exercises-option-stake-coal-mine/), 2017-09-27: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.