Yanzhou Coal Mining Co. Ltd. (YZC) - NYSE
  • Dec. 23, 2011, 5:35 AM

    China makes another commodities acquisition that will help fuel its growth as Ausralia's Gloucester Coal confirms it's being bought by Yanzhou Coal (YZC) for around A$2.1B ($2.1B). The deal values Gloucester at up to A$10.16 a share, a 45% premium to its price Monday when trading was halted. (PR .pdf) (previous)

    | Dec. 23, 2011, 5:35 AM
  • Dec. 22, 2011, 10:56 AM

    Reuters reports that the board of Yanzhou Coal (YZC +1.1%) approved the proposed merger with Gloucester (previous).

    | Dec. 22, 2011, 10:56 AM
  • Dec. 22, 2011, 3:24 AM
    Trading in Australia's Gloucester Coal was suspended today, as China's Yanzhou Coal (YZC) was expected to make a takeover bid of at least $2B. Sources say an announcement could come today or early tomorrow.
    | Dec. 22, 2011, 3:24 AM
Company Description
Yanzhou Coal Mining Co. Ltd. is engaged primarily in the mining business. It is also engaged in the coal railway transpiration business. The company operates its business through the following segments: Coal Mining; Coal Railway Transportation; and Methanol, Electricity and Heat Supply. The Coal... More
Industry: Industrial Metals & Minerals
Country: China