China’s Yancoal
suspends Australia expansion plans
Chinese owned
Yancoal Australia has suspended its expansion plans in all seven of its
Australian mines due to low global coal prices and reduced demand from the
Asian market. The company said that expansion plans across all mines will be
reviewed.
Yancoal Australia,
formed through Yanzhou Coal Mining's takeover of Gloucester Coal, is currently
the biggest Chinese entity listed on the Australian Stock Exchange.
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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