In print in 'The Oz' (Data Room) tomorrow:
"Australian listed coal miner Yancoal is understood to have tapped investment bank RBC in its quest to buy Anglo American’s Queensland-based metallurgical coal mines that may sell for up to $US5bn.
Yancoal, which is 62 per cent owned by Chinese state-owned Yankuang Energy, is expected to be a strong contender for the assets owned by the London-listed miner, which was this year targeted for a buyout by BHP. Swiss commodity trader Glencore is also expected to run hard at the opportunity.
Glencore will come to the competition self-advised, while Yancoal and Glencore will likely face scrutiny from the Foreign Investment Review Board..."
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