Yancoal completes acquisition of Moolarben joint venture interest

Yancoal Australia Ltd announced today the completion of its acquisition of an additional 3.75% interest in the Moolarben Joint Venture (MJV). This transaction elevates Yancoal's economic interest in the MJV to 98.75%, effective from January 1, 2025.

The acquisition involved a total cash consideration of A$110.5 million. An initial cash payment of A$25 million was made upon completion, with the remaining A$85.5 million to be paid through coal price-linked quarterly installments over five years. The purchase will be funded by Yancoal's existing cash holdings and future operating cash flows.

This increased stake is expected to immediately boost Yancoal's attributable production and revenue from the Moolarben Coal Complex, a tier-1 asset. Its financial results will reflect the consolidated interest.