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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.