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Yancoal fresh loss casts doubts on planned acquisition of Rio’s mines

Cecilia Jamasmie | March 01, 2017 | 8:47 am Energy Top Companies Australia China Europe Coal 

Yancoal Australia (ASX:YAL), the subsidiary of China’s Yanzhou Coal Mining that is trying to buy Rio Tinto’s thermal coal assets in Australia’s Hunter Valley, has posted another annual loss this week, reporting net debt of almost $3.7 billion (A$4.8bn). Industry observers...

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