Yancoal moves on Hunter mines

Original article by Eric Johnston
The Australian – Page: 15 : 7-Jan-19

A group of Chinese lenders assumed ownership of the Ashton, Austar and Donaldson coal mines in the Hunter Valley in February 2016, after Yancoal Australia secured a debt funding deal. Yancoal remained operator of the mines, and its Chinese parent Yankuang Group has advised that one of the bond holders has exercised a put option to sell its bonds to Yankuang. Yancoal has indicated that the move is unlikely to have any significant implications for it.

CORPORATES
YANCOAL AUSTRALIA LIMITED – ASX YAL, YANKUANG CORPORATION GROUP LIMITED, BANK OF CHINA GROUP, INDUSTRIAL BANK COMPANY LIMITED, BOHAI HARVEST RST (SHANHAI) EQUITY INVESTMENT MANAGEMENT COMPANY LIMITED

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s