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December 25th, 2011
Australia’s Gloucester, China’s Yanzhou in tie-up

“Gloucester Coal has entered into a merger proposal deed with Yanzhou Coal Mining Company Limited and its wholly owned Australian subsidiary, Yancoal Australia Limited, following an approach from Yanzhou,” Gloucester Coal said on Friday. Yanzhou Coal Mining, China’s third-largest listed coal miner by output, said the merger reflected the company’s ambition to grow its Australian business. Read More