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    coal investing

    Yancoal Suggests Gloucester Coal Merger

    Investing News Network
    Dec. 20, 2011 02:11PM PST
    Industrial Metals

    Reuters reported that Yancoal has developed a proposal to merge its coal assets with Gloucester Coal (ASX:GCL).

    Reuters reported that Yancoal has developed a proposal to merge its coal assets with Gloucester Coal (ASX:GCL).

    As quoted in the market news:

    Media reported that Yancoal was looking to take over Gloucester and use it as a backdoor route for listing in Australia, in what would be the latest in a slew of coal deals in Australia as miners look to tap into booming Asian demand.

    Click here to read the full Reuters report.

    coal investingaustraliaasx:gcl
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