Australia's Gloucester Coal has reportedly agreed to a merger with China's Yanzhou in a deal valued at some $2.3 bln

Australia's Gloucester Coal has reportedly agreed to a merger with China's Yanzhou in a deal valued at some $2.3 bln

This file photo shows workers surveying a large open-cut and shaft mine system in New South Wales. Australia's Gloucester Coal said it had agreed to a merger with China's Yanzhou in a deal valued at some Aus$2.2 billion (US$2.3 billion) to create a major listed Australian coal firm.

Source: AFP - Copyright AFP 2008, AFP stories and photos shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium

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