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$8B Yancoal-Gloucester merger on the cards

CHINESE coal giant Yanzhou is reportedly in discussions with Gloucester Coal about an $A8 billion merger with its local Yancoal subsidiary, which would trump the proposed Whitehaven-Aston merger as the largest Australian independent coal group.

Lau Caruana
$8B Yancoal-Gloucester merger on the cards

The merged companies would have a strong presence in the Hunter Valley of New South Wales, with combined coal production of 15 million tonnes per annum, and would continue the consolidation trend in the...

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