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Yanzhou Coal is a major privately-owned Chinese coal company which is listed on the Hong Kong, New York and Shanghai stock exchanges.
Yancoal Australiais a wholly owned subsidiary of Yanzhou Coal. Yancoal owns the Austar Coal Mine. It also owns Felix Resources, which in turn owns two coal mines in the Hunter Valley in New South Wales: the Ashton Coal Mine and the Moolarben Coal Mine. Felix Resources also owns the Yarrabee Coal Mine and the Minerva Coal Mine in the Bowen Basin in Queensland.
On Sep. 27, 2011 Yanzhou Coal Mining said it agreed to buy two coal companies from Australia's Wesfarmers Ltd for a total of A$296.8 million to boost its coal reserves. The principal businesses of Premier Coal (also known as Wesfarmers Premier Coal) are the exploration, production and processing of coal, while Wesfarmers Char's businesses are in research and development of technology and procedures in relation to processing coal char from low rank coals, the statement said.
Articles and resources
- ↑ Yanzhou Coal, "Company overview", Yanzhou Coal website, accessed March 2011.
- ↑ Yancoal Australia, "Excellent Brand, Outstanding Credibility", Yancoal Australia website, accessed August 2010.
- ↑ Yancoal Australia, "Key Assets", Yancoal Australia website, accessed August 2010.
- ↑ Yvonne Lee, "Yanzhou Coal Agrees To Buy Two Coal Firms From Wesfarmers For A$296.8 Million" Fox Business, September 27, 2011.