Seeking Alpha
 

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)
    | Comment!
  • Dec. 22, 2011, 10:56 AM
    Reuters reports that the board of Yanzhou Coal (YZC +1.1%) approved the proposed merger with Gloucester (previous).
    | Comment!
  • 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.
    | Comment!
Visit Seeking Alpha's
YZC vs. ETF Alternatives
Company Description
Yanzhou Coal Mining Co Ltd is engaged in mining, washing and processing and sales of coal. The Company produces semi-hard coal, PCI and thermal coal.