Yanzhou Coal of Australia (03668) intends to acquire an additional 3.75% stake in Moolarben for 110.5 million Australian dollars.

Yanzhou Coal Australia (03668) announced that its wholly-owned subsidiary Moolarben Coal Mines Pty Ltd has entered into a binding agreement to acquire an additional 3.75% stake in the Moolarben Joint Venture (MJV) from three joint venture partners for 110.5 million Australian dollars (including prepayments and deferred cash payments).