Yanzhou Coal Mining has slashed its spending on future production capacity expansion by half amid weak coal market conditions, and floated a plan for its Canadian unit to fund its C$3.5 billion (HK$26.2 billion) potash mining project development via a Canadian stock market listing.
Yanzhou Coal Mining Company is a Chinese company that mainly produces low-sulphur coal. It is the only Chinese coal miner to have a listing in Hong Kong, Shanghai and New York. Its subsidiaries include Austar Coal Mine, Heze, and Yancoal Australia.
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