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Yanzhou agrees on US$2.9b for Felix

Business | Metallurgical industry
2009-8-14

CHINA'S Yanzhou Coal Mining Co has agreed to buy Australian coal miner Felix Resources Ltd for US$2.9 billion. Yanzhou's proposed takeover of Felix is subject to regulatory approvals in Australia, including from...

Yanzhou Coal plays coy over news of possible Felix purchase

Business | Energy
2008-12-6

YANZHOU Coal Mining Co, China's fourth-biggest producer of the fuel, said it conducted studies on potential projects and has yet to make a final decision on any acquisitions. "The company has not yet entered into...

Yanzhou doubles profit on rising coal demand

Business | Metallurgical industry
2008-8-25

YANZHOU Coal Mining Co, a unit of China's fourth-biggest producer of the fuel, said yesterday first-half profit more than doubled because of rising energy demand and record prices. Net income increased to 3.91...

Profit triples to propel Yanzhou

Business | Metallurgical industry
2008-7-29

YANZHOU Coal Mining Co, a unit of China's fourth-biggest producer of the fuel, advanced the most in a week in Hong Kong trading yesterday after saying its first-half profit may have more than tripled. The shares...

Coal contracts boost Yanzhou

Business | Energy
2008-5-24

YANZHOU Coal Mining Co said it has completed its 2008 coal supply contracts with Huadian Power International Co which will boost its revenue by 942.6 million yuan (US$135.8 million). The company agreed to sell...

Coal miner's net rises 36% in 2007

Business | Metallurgical industry
2008-4-21

YANZHOU Coal Mining Co, a unit of China's fourth-biggest producer of the fuel, said its 2007 profit rose 36 percent because prices jumped by more than a fifth. Net income climbed to 3.23 billion yuan (US$462 million),...

Robust economic growth helps shares end higher

Business | Securities
2008-1-25

ECONOMIC expansion of 11.4 percent in 2007 and the rebound in the United States market helped Shanghai shares to close slightly higher yesterday. The higher close continued the local market's recovery from a...

Coal-power venture

Business | Metallurgical industry
2007-8-25

HUADIAN Power International Corp and Yanzhou Coal Mining Co will form a three-billion-yuan (US$396 million) venture that will build, operate and manage two coal-fired power generating units, according to their statements...

Miner gets price rise

Business | Metallurgical industry
2007-4-28

YANZHOU Coal Mining Co posted a 20.3 percent increase in first-quarter earnings on the back of higher sales volume and prices. Net income rose to 700.7 million yuan (US$91 million), or 0.14 yuan a share, in the...

US bank bullish on Chinese coal miner

Business | Energy
2007-1-5

YANZHOU Coal Mining Co, a unit of China's fourth-biggest coal producer, had its share-price target and profit forecasts increased by JPMorgan Chase & Co because of rising demand and prices in the nation's coal sector.