Yanzhou's Felix buy gets Oz approval
By Xiao Wan | China Daily | Updated: 2009-10-24 07:44
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An undated company photograph shows coal extraction at Felix facilities in Ashton, New South Wales, Australia. Bloomberg News |
Yanzhou Coal Mining Co has got approval from Australian government for its A$3.5 billion ($3.2 billion) takeover of Felix Resources Ltd on Friday, after it agreed to operate its local mines through an Australia-based company.
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