Yanzhou Coal Working To Take Over Gloucester Coal

摘要

It is now open to the public that Yanzhou Coal Mining Limited, China has been working to take over Gloucetser Coal Ltd., a middle-class coal company in Australia. In order to expand the coal export business in Australia, Yanzhou Coal is going to take over Gloucester Coal who owns plural excellent coal assets in the States of NSW and QLD. Noble Group Ltd., Hongkong is a top shareholder of Gloucetser Coal and holds over 64% of Gloucester's shares. Therefore, it depends on Noble's working whether Yanzhou Coal can take over Gloucester Coal or not.