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Endocoal board backs $73.4 million takeover bid from Chinese

Marc Howe | October 29, 2012 | 4:42 am Energy Australia China Europe Coal 

A Chinese-joint venture in Australia has made a USD$73.4 million takeover bid for Queensland's Endocoal (ASX:EOC). The Wall Street Journal reports that U&D Mining Industry (Australia), a joint venture between China Yima Coal Group's Australian subsidiary Kunqian International Energy Co....

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