Yancoal Australia Tag

Yancoal Australia has confirmed its purchase of Mitsubishi Development’s 32.4% stake in the Hunter Valley coal mining division, which has become subject of a bidding war between Yancoal and Glencore. The Chinese-controlled firm will pay a total of US$940 million for Mitsubishi’s minority interest in the...

Yancoal Australia (ASX:YAL) has made a US$710 million offer to Mitsubishi Development for its 32.4% interest in the Hunter Valley Operations joint venture, as it bids to become Australia's largest singular coal producing company. The majority Chinese-owned group was obliged to make a tag-along offer to...