YANCOAL AUS (03668) announced that it has completed the acquisition of an additional 3.75% interest in the Moolarben Joint Venture (MJV) from three joint venture participants. Following this transaction, YANCOAL AUS's economic interest in MJV has increased to 98.75%.

The total cash consideration of AUD 110.5 million will be paid with AUD 25 million in cash at completion, while the remaining AUD 85.5 million will be paid through quarterly installments over five years, linked to coal prices. The acquisition will be funded through the company's existing cash holdings and future operating cash flows.

The effective economic interest date is January 1, 2025. The immediate benefits of this transaction include increased equity production and revenue from this low-cost tier-1 asset, which YANCOAL AUS will consolidate into its financial results.