Yancoal strengthens its hand in Moolarben joint venture - Australian Mining

Yancoal strengthens its hand in Moolarben joint venture - Australian Mining

Image: Vyacheslav Svetlichnyy/shutterstock.comYancoal Australia has agreed to purchase a further 3.75 per cent interest in the Moolarben thermal coal mining joint venture, bringing its stake in the coal mine up to 98.75 per cent. The ASX-listed miner will spend $110.5 million on the purchase, which comes after three of the remaining joint venture participants had agreed to sell the combined stake to a third party. Yancoal was able to exercise a …