The price of power station coal delivered at Newcastle port in Australia state of New South Wales almost doubled to a four year high after China, the world’s largest coal producer, slashed output last year. Photo: Reuters

Yanzhou Coal Mining shares gain on US$2.45 billion Australian acquisition from Rio Tinto

Acquisition is considered ‘very substantial’ under Hong Kong listing rules. Stock surges as much as 3.2pc during Wednesday trading

TOP PICKS

The price of power station coal delivered at Newcastle port in Australia state of New South Wales almost doubled to a four year high after China, the world’s largest coal producer, slashed output last year. Photo: Reuters
READ FULL ARTICLE