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.

MARKETS

Markets
TSX19062.91+345.79
TSXV647.33+15.54
DOW31500.68+823.32
S&P 5003911.74+116.01
NASD11607.62+375.43
ASX6528.40+19.90

COMMODITIES

Commodities
Gold1836.12+5.11
Silver21.40+0.26
Copper3.80+0.06
Palladium1890.50+13.50
Platinum917.00+6.00
Oil107.20-0.42
Heating Oil4.22-0.02
Natural Gas6.15-0.07

DOWNLOAD FREE REPORTS

×