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Yanzhou Coal injects $2.8bn into troubled Australian unit

Cecilia Jamasmie | November 10, 2014 | 3:15 pm Energy Australia China Europe Coal 

[caption id="attachment_807064" align="aligncenter" width="600"] Yancoal’s Moolarben mine in New South Wales. (Courtesy of Moorlaben) [/caption] Yanzhou Coal, one of China’s largest coal miners, will inject $2.8 billion (A$3.2bn) into its Australian subsidiary Yancoal (ASX:YAL) in an attempt to keep it afloat as coal...

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