Yancoal knocks on a back door deal

Thanks to the Foreign Investment Review Board, China needs to find a way to offer the rapidly expanding Yancoal to public investors, and its move on Gloucester Coal seems to be killing two birds with one stone.

The Chinese approach to Gloucester Coal, proposing a merger with Yancoal Australia, is driven by an interesting mix of necessity and opportunity.

In 2009, Yancoal’s parent, the Chinese state-owned enterprise Yanzhou Coal Mining, acquired Felix Resources and its coal mines in NSW and Queensland for more than $3 billion, the biggest acquisition of an Australian company by China at that time.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles