Yancoal becomes Australia's largest listed coal firm

David Nealis President of Blue Bridge

Yancoal becomes Australia's largest listed coal firm
Chinese state owned enterprise Yancoal Australia will soon become Australia's largest listed coal company after Gloucester Coal Ltd shareholders approved a merger. It is the biggest investment by a Chinese state-owned enterprise in Australia's coal industry, continuing a trend of state-backed firms seeking to improve China's resource security. Yancoal's parent company Yanzhou Coal, China's fourth largest coal miner will control 78% of the new entity while Singapore-based commodities giant Noble will hold 13% through its Gloucester holding, and Gloucester's remaining shareholders 9%.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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