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RR1:AU
Rights Issue and Shortfall
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.
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Commodities | |||
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Gold | 2355.10 | -8.61 | |
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Heating Oil | 2.68 | 0.00 | |
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