The value of mergers and acquisitions (M&A) in Australia during the first three quarters of 2017 is already close to doubling what was recorded throughout last year.
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Rio Tinto waves goodbye to Coal & Allied
Rio Tinto has completed the $2.69 billion sale of its thermal coal business Coal & Allied in the New South Wales Hunter Valley to Yancoal Australia.
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Glencore secures part of Coal & Allied from Yancoal with never-say-die attitude
With Yancoal set to acquire Rio Tinto’s Coal & Allied division, Glencore has secured an agreement with the Chinese-controlled company to take a 49 per cent interest in the Hunter Valley Operations (HVO) coal mine and form a joint venture at the site following the deal.
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Yancoal acquisition of Rio coal assets set for another twist
Yancoal Australia is already planning to sell a stake in the Hunter Valley coal operations it is set to acquire from Rio Tinto.
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Rio approves Yancoal’s acquisition of Coal & Allied
Rio Tinto shareholders have approved Yancoal Australia’s acquisition of its subsidiary, Coal & Allied Industries, which owns majority shares in the Hunter Valley, Mount Thorley and Warkworth coal mines.
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Yancoal outpoints Glencore in Coal & Allied takeover battle
Rio Tinto has again backed Yancoal as the buyer of its Hunter Valley thermal coal assets despite Glencore’s efforts to outbid the Chinese company.
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Yancoal trumps Glencore as preferred buyer of Rio’s Hunter Valley coal assets
Rio Tinto has named China’s Yancoal as the preferred buyer of its Hunter Valley coal division, Coal & Allied Industries, ahead of Glencore, which made a superior bid earlier this month.
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Yancoal unveils $US710m bid for Mitsubishi Hunter Valley coal stake
Yancoal has launched a $US710 million ($946.9 million) offer for Mitsubishi’s stake in its Hunter Valley Operations Joint Venture (HVO JV) with Rio Tinto in New South Wales.
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Yancoal wins approval for Rio Tinto coal acquisition
Chinese-controlled Yancoal has secured Australian Government approval for a $US2.45 billion ($3.2 billion) acquisition of Rio Tinto’s Hunter Valley coal division in New South Wales.
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Austar sees another coalburst, two injured, operations halted
Yancoal’s Austar coal mine has recorded another dangerous coalburst, knocking two workers to the ground.
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45 jobs slashed at Duralie mine
Yancoal is cutting 45 jobs at its Duralie open cut mine near Gloucester, NSW, citing geological problems rather than a decline in coal prices as the the cause.
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Donaldson mine enters care and maintenance
Yancoal’s Donaldson coal mine has moved to care and maintenance, with the majority of the workforce deployed to nearby mines.
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Yancoal’s Donaldson coal to shut down
Yancoal’s Donaldson coal operation will go into care and maintenance from June this year, in response to the global commodity downturn.
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Austar coal mine receives green light for expansion
The Austar Coal Mine will go ahead with an extension of three new underground longwall panels, thanks to approval from the Department of Planning and Environment.
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Yancoal’s Ashton East court appeal rejected
An expansion of Yancoal’s Ashton South East open cut coal mine will not go ahead after their appeal against environmental conditions was dismissed by the NSW Supreme Court.
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Future uncertain for Yancoal Ashton SE
The fate of the Ashton South East approval will be determined tomorrow in the NSW Supreme Court, although it is unclear whether Yancoal will proceed with the open cut coal mine if successful.
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Moolarben coal mine gets lease approvals
Yancoal’s Moolarben coal mine has been granted a mining lease for its Stage Two project.
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Yancoal announces round of redundancies
The NSW coal industry has lost another 225 jobs due to the global downturn in the price of coal.
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Hughes wins Yancoal drilling contract
Hughes Drilling has been awarded the longterm overburden blast hole contract for Yancoal’s operations.
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Copper thievery under investigation
A mineworker will face court later in March on charges relating to the theft of 300 kilograms of copper wire from a Hunter region coal mine.
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