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Mar 28, 2020

TerraCom, Yancoal on the acquisition march

TerraCom, Yancoal on the acquisition march TerraCom operates the Blair Athol thermal coal mine near Clermont in Central Queensland.

Blair Athol mine owner TerraCom has completed its offer to acquire Universal Coal for $175 million. TerraCom, already the largest shareholder in Universal, said the acceptances it had received resulted in it reaching more than 90 per cent of the voting rights attached to Universal shares. It will proceed to a mandatory sell-out process and…

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