Yanzhou Coal Mining (HKG:1171) Signed Merger Proposal with Gloucester Coal (ASX:GCL)
Yanzhou Coal Mining (HKG:1171) (SHA:600188) (NYSE:YZC), one of China's biggest coal producer, has signed a proposal with Australia-based Gloucester Coal Ltd., with an aim to merge Gloucester Coal with Yanzhou Coal's wholly-owned Australian subsidiary Yancoal Australia.