Yancoal to acquire Mitsubishi's stake in Warkworth JV for $230M

Yancoal Australia exercised a call option to acquire Mitsubishi Development's near-29% stake in the Warkworth joint venture for $230 million, increasing its stake to 84.5%. The deal is expected to close by early March 2018.

“Yancoal said it had exercised a call option to acquire the stake from Japan’s Mitsubishi Development and expects to complete the deal by early March.”miningconnection.com

• 1 source
• miningconnection.comYancoal to Acquire Mitsubishi’s Stake in Warkworth Joint Venture for $230 Million, Australia | Mining Connection — The Link For All Your Mining ResourcesDec 13, 2017

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