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Yanzhou Coal Slides, Leads Coal Stocks Lower on Resource Tax
Oct. 11, 2011 07:14PM PST
Industrial MetalsBloomberg reported that coal stocks declined, with Yanzhou (NYSE:YZC) leading the drop in share price.
Bloomberg reported that coal stocks declined, with Yanzhou (NYSE:YZC) leading the drop in share price.
As quoted in the market news:
Yanzhou Coal, China’s fourth-biggest coal producer, lost 3 percent to 28.37 yuan as of 11:09 a.m. Shanghai time, set for its biggest drop since Sept. 19. Yangquan Coal Industry Group Co. retreated 5.9 percent to 22.60 yuan.
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