Yanzhou Coal to Buy Australian Mine

(Beijing) -- Yanzhou Coal Mining Co. (SHE: 600188) said on September 28 that it will acquire Australia's Wesfarmers Premier Coal Ltd. and Wesfarmers Char Pty Ltd. for A$ 296.8 million, which would make it the fourth acquisition by the company in Australia.

Wesfarmers Premier Coal, in southwest Australia, produces 3.5 million tons of coal per year as of June. The mine has a coal reserve of 535 million tons and annual output capacity of 5 million tons, Yanzhou Coal said in an exchange filing.