Yancoal Suggests Gloucester Coal Merger

- December 20th, 2011

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.

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