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

The total cash consideration of AUD 110.5 million will be settled through AUD 25 million paid in cash upon completion, with the remaining AUD 85.5 million to be paid in quarterly installments over a five-year period, linked to coal price performance. The company will fund this acquisition using its existing cash reserves 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 primary asset, which YANCOAL AUS will consolidate into its financial results.