YANCOAL AUS (3668) plans to invest HKD 18.7 billion to acquire 80% equity in Australia's largest underground coal mine, the Red Falcon Mine
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YANCOAL AUS announced the signing of transaction documents with EMR Capital Advisors to acquire an 80% stake in the Red Falcon Coal Mine, with a maximum transaction price of USD 2.4 billion. The Red Falcon Coal Mine, located in Queensland, Australia, is a large metallurgical coal asset, with a commodity coal production of 5.9 million tons last year, and is expected to support approximately 25 years of mining activities
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