Yanzhou Coal Buys Australian Coal Firms - ResearchInChina

Date:2011-08-02     Source:liaoyanzoujianfeng  Text Size:

Yanzhou Coal Mining Company’s (600188, 1171.HK) controlling subsidiary in Australia plans to acquire 100-percent stakes in two unspecified Australian coal companies in Queensland for AU$203 million to optimize its asset combination, reports yicai.com, citing a company filing. The proposed transaction was approved by the National Development Reform Committee.

The target firms mainly hold stream coal, with total reserve of 1.73 billion tons.

2005-2011 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1