Sept 27 (Reuters) - China-backed coal miner Yancoal Australia Ltd (YAL) said on Wednesday it had exercised its option to buy a 29 percent stake in the Warkworth operation from Japan's Mitsubishi Corp <8058.T> for $230 million.
The agreement brings Yancoal's stake in the Warkworth project to about 85 percent, it said in a statement.
The project, which was part of a bidding war between Yancoal and commodity trader Glencore PLC
, was snatched up by Yancoal earlier this year as part of its acquisition of Rio Tinto's (RIO) Coal & Allied unit.
Sept 27 (Reuters) - China-backed coal miner Yancoal Australia...
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Last
$115.85 |
Change
-1.640(1.40%) |
Mkt cap ! $42.98B | |||
| Open | High | Low | Value | Volume |
| $117.30 | $117.36 | $115.72 | $41.70M | 357.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 105 | $115.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $115.87 | 36 | 3 |
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| RIO (ASX) Chart |