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..."
Ann: Quarterly Activities Report, page-58
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Last
$5.32 |
Change
0.070(1.33%) |
Mkt cap ! $7.011B | |||
| Open | High | Low | Value | Volume |
| $5.25 | $5.34 | $5.25 | $2.664M | 503.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 38300 | $5.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.32 | 2773 | 3 |
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| YAL (ASX) Chart |