Yankuang Energy goes overseas again: its subsidiary Yancoal Australia plans to acquire 80% equity of the Red Falcon coal mine for $2.4 billion, expanding its global coking coal portfolio.
Yancoal Australia, a listed subsidiary of Yancoal Energy, announced plans to acquire up to 80% ownership of the Red Falcon coking coal mine in Queensland for a maximum of USD 2.4 billion, further expanding its portfolio of high-quality overseas coking coal assets.
According to a statement submitted by Yancoal