Is There Value In Unloved Coal Stocks?
In adversity lies opportunity and some deep-pocketed investors have recognised that, like the Stone Age, the era of coal won’t end overnight.
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Yancoal Pays Down Debt Pile
In the wake of the $US2.65 billion purchase of a stake in the NSW coal assets of Rio Tinto last year, the China-controlled Yancoal Australia has hinted that it is looking at measures to improve the liquidity of its shares.
Read MoreYancoal Minorities Win
The Takeovers Panel has intervened to block Yancoal Australia’s (YAL) controversial recapitalisation which could see the minority 22% shareholders severely diluted if they don’t participate in a $2.3 billion share offer.
Read MoreYancoal Bailout An Effective Privatisation
The level of Australian shareholder in the Chinese-controlled Yancoal Australia (YAL) will dwindle to less than 2% if a surprise $A3.2 billion recapitalisation deal, revealed yesterday, goes ahead.
Read MoreYancoal Privatisation Cancelled By Yanzhou
The Federal Government did everything it could to allow Chinese group Yanzhou Coal Mining to take full control of its Australian associate, Yancoal Australia (YAL) (the old Gloucester Mining).
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