Yancoal Australia Ltd has announced that its wholly owned subsidiary, Moolarben Coal Mines Pty Ltd, has entered a binding agreement to acquire an additional 3.75% interest in the Moolarben Joint Venture for A$110.5 million. The acquisition will increase Yancoal's economic interest in the joint venture from 95% to 98.75%. The payment structure includes an upfront cash payment of A$25 million, with the remaining A$85.5 million to be paid through coal price linked quarterly installments over five years. The transaction's effective economic interest date is set for 1 January 2025, pending completion of certain conditions.
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