(EnergyAsia, August 4 2011, Thursday) — China’s Yanzhou Coal said its subsidiary has acquired Syntech Resources Pty Ltd, which owns coal reserves in the Surat Basin of southern Queensland state, for A$202.5 million. (US$1=A$0.90). This is Yancoal’s second major acquisition in Australia, following its A$3.5 billion takeover of Felix Resources in 2009.According to Brisbane-based Syntech,…
AUSTRALIA: China’s Yanzhou Coal buys Syntech Resources for A$202.5 million
Posted on August 4, 2011 by EnergyAsia