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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Yanzhou Coal Mining Co Ltd    600188   CNE000000WV6

YANZHOU COAL MINING CO LTD

(600188)
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Yanzhou Coal Mining : China-backed Yancoal Australia exercises option to up stake in coal mine

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09/26/2017 | 07:02pm EDT

(Reuters) - China-backed coal miner Yancoal Australia Ltd (>> Yancoal Australia Ltd) said on Wednesday it had exercised its option to buy a 29 percent stake in the Warkworth operation from Japan's Mitsubishi Corp (>> Mitsubishi Corp) for $230 million(171.07 million pounds).

(Reuters) - China-backed coal miner Yancoal Australia Ltd (>> Yancoal Australia Ltd) said on Wednesday it had exercised its option to buy a 29 percent stake in the Warkworth operation from Japan's Mitsubishi Corp (>> Mitsubishi Corp) for $230 million(171.07 million pounds).

The agreement brings Yancoal's stake in the Warkworth project to about 85 percent, it said in a statement.

The project, which was part of a bidding war between Yancoal and commodity trader Glencore PLC (>> Glencore), was snatched up by Yancoal earlier this year as part of its acquisition of Rio Tinto's (>> Rio Tinto Limited) Coal & Allied unit.

(Reporting by Ambar Warrick in Bengaluru; Editing by Byron Kaye and James Dalgleish)

Stocks mentioned in the article
ChangeLast1st jan.
YANZHOU COAL MINING CO LTD -1.95% 11.08 End-of-day quote.28.70%
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Financials (CNY)
Sales 2019 67 795 M
EBIT 2019 15 853 M
Net income 2019 9 146 M
Debt 2019 34 137 M
Yield 2019 11,1%
P/E ratio 2019 5,95x
P/E ratio 2020 6,34x
EV / Sales2019 1,28x
EV / Sales2020 1,29x
Capitalization 52 631 M
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Mean consensus HOLD
Number of Analysts 14
Average target price 11,37  CNY
Last Close Price 11,08  CNY
Spread / Highest target 29,7%
Spread / Average Target 2,63%
Spread / Lowest Target -36,8%
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Managers
NameTitle
Xi Yong Li Chairman & Chief Executive Officer
Shisheng Gu Chairman-Supervisory Board
Qing Chun Zhao Chief Financial Officer & Executive Director
Xiang Qian Wu General Manager & Executive Director
Qing Quan Jiang Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
YANZHOU COAL MINING CO LTD28.70%6 714
CHINA SHENHUA ENERGY COMPANY LIMITED8.46%52 620
GLENCORE-11.94%42 867
COAL INDIA-19.65%17 351
SHAANXI COAL INDUSTRY CO LTD22.31%12 691
CHINA COAL ENERGY COMPANY6.24%7 980