Yancoal in talks to buy Australia’s Gloucester

Global Times Tuesday 20th December, 2011

Chinese-controlled Yancoal Australia is in talks to buy Gloucester Coal to create Australia's top independent coal miner, three sources said yesterday, as strong Asian demand drives a boom in coal deals.Gloucester, which has a market value of A$1.4 billion ($1.4 billion), confirmed it was in talks with an unnamed suitor on a potential takeover, and...

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