Yanzhou Coal Australia: Plans to acquire an additional 3.75% stake in Moolarben for 110.5 million Australian dollars.

On the afternoon of July 18, Yancoal Australia announced on the Hong Kong Stock Exchange that its wholly-owned subsidiary, Moolarben Coal Mines Pty Ltd, has entered into a binding agreement to acquire an additional 3.75% interest in the Moolarben Joint Venture from three joint venture partners for a total of 110.5 million Australian dollars. The cash consideration of 110.5 million Australian dollars will be paid in cash of 25 million Australian dollars upon completion, and the remaining 85.5 million Australian dollars will be paid in quarterly installments linked to coal prices over a period of five years. The company's existing cash and future operating cash flow will provide funding for the acquisition. Yancoal Australia believes that this acquisition is a highly attractive opportunity, as it will increase its economic interest in the MJV from 95% to 98.75%.