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.
News: China-backed Yancoal Australia exercises option to up stake in coal mine
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Last
$5.42 |
Change
-0.060(1.09%) |
Mkt cap ! $7.156B | |||
| Open | High | Low | Value | Volume |
| $5.50 | $5.53 | $5.40 | $5.790M | 1.062M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 761 | $5.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.42 | 6078 | 1 |
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| Last trade - 16.21pm 28/08/2025 (20 minute delay) ? |
| YAL (ASX) Chart |