Yancoal completes acquisition of Coal & Allied
Published by Louise Mulhall,
Editorial Assistant
World Coal,
Yancoal Australia Limited has completed its acquisition of Coal & Allied Industries Limited from Rio Tinto, asserting its status as a business leader within the Australian resources sector.
Yancoal Chairman Xiyong Li said, “Today is a significant achievement for Yancoal Australia and redefines our business as a leader within the Australian resources sector and a major competitor throughout international coal markets.”
Yancoal Chief Executive Officer, Reinhold Schmidt, said, “The completion of the strategic acquisition of Coal & Allied is a credit to the Yancoal team and will provide new opportunities for continued growth.
“We look forward to maximising significant operational synergies from the combination of Coal & Allied’s world-class assets with our existing portfolio.”
Read the article online at: https://www.worldcoal.com/mining/01092017/yancoal-completes-acquisition-of-coal-allied/
You might also like
Smart mining grids: How automation and AI are transforming power management
Smart mining grids utilise automation and AI to transform power management by using sensors to provide predictive maintenance that prevents outages, improves safety, and lessens energy waste.