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Yanzhou Coal Mining Co Ltd (600188.SS)

600188.SS on Shanghai Stock Exchange

13.32CNY
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Yanzhou Coal Mining Says Approved Unit's Acquisition Of 25% Of Inner Mongolia Yitai Zhundong Railway
Friday, 1 Dec 2017 04:21am EST 

Dec 1 (Reuters) - Yanzhou Coal Mining Co Ltd <600188.SS>::‍BOARD APPROVED UNIT TO ACQUIRE 25% EQUITY INTERESTS IN INNER MONGOLIA YITAI ZHUNDONG RAILWAY FOR RMB1.94 BILLION.BOARD ALSO APPROVED YANZHOU COAL ORDOS NENG HUA SIGNING EQUITY TRANSFER AGREEMENT AND OTHER RELATED TRANSACTION DOCUMENTS.  Full Article

Yanzhou Coal Mining To Subscribe For 400 Million Shares Placed By Linshang Bank
Monday, 27 Nov 2017 05:04am EST 

Nov 27 (Reuters) - Yanzhou Coal Mining Co Ltd <600188.SS>::‍WILL SUBSCRIBE FOR 400 MILLION SHARES PRIVATELY PLACED BY LINSHANG BANK AT THE ISSUE PRICE OF RMB3.00 PER SHARE​.CO TO ACQUIRE 317.7 MILLION SHARES TRANSFERRED BY 5 EXISTING SHAREHOLDERS OF LINSHANG BANK FOR RMB3 PER SHARE​.‍TOTAL CONSIDERATION OF TRANSACTION IS RMB2,153 MILLION​.  Full Article

Yanzhou Coal Mining issues 2017 8th tranche short-term financing notes worth 1.5 bln yuan
Monday, 27 Nov 2017 03:23am EST 

Nov 27 (Reuters) - Yanzhou Coal Mining Co Ltd <600188.SS> ::Says it issued 2017 the eighth tranche short-term financing notes worth 1.5 billion yuan, with coupon rate of 5.39 percent .  Full Article

Yanzhou Coal Mining Co says ‍Q3 net profit attributable was RMB1.5943 bln ​
Monday, 30 Oct 2017 05:00am EDT 

Oct 30 (Reuters) - Yanzhou Coal Mining Co Ltd <600188.SS>:Q3 net profit attributable was RMB1.5943 billion, up 274.6%​.Qtrly operating income was RMB38.59 billion, down 3.9 percent.  Full Article

Yanzhou Coal Mining sees 9-mth profit up 370 pct
Wednesday, 25 Oct 2017 04:31am EDT 

Oct 25 (Reuters) - Yanzhou Coal Mining Co Ltd <600188.SS>:Expects that net profit for first 3 quarters of 2017 will increase by approximately 370% ​.Expected results as ‍sales volume of self-produced coal significantly increased as compared to same period of last year​.  Full Article

Yanzhou Coal Mining updates on Warkworth JV
Tuesday, 26 Sep 2017 07:10am EDT 

Sept 26 (Reuters) - Yanzhou Coal Mining Co Ltd <600188.SS>::Approves Yancoal Australia to sign "asset sale agreement - Warkworth JV" and other transaction documents with Mitsubishi Development.Approved Yancoal Australia to exercise call option in Warkworth JV to acquire 28.898% interest in Warkworth JV for US$230 million.  Full Article

Yanzhou Coal Mining Co says ‍certain A shares of co to be used as guarantee by Yankuang Group
Friday, 8 Sep 2017 05:18am EDT 

Sept 8 (Reuters) - Yanzhou Coal Mining Co Ltd <600188.SS>-:‍certain a shares of co held by Yankuang Group will be used as guarantee for bond issuance​ by yankuang.  Full Article

Yanzhou Coal Mining received notice from Yankuang Group regarding release of pledged shares
Friday, 8 Sep 2017 05:15am EDT 

Sept 8 (Reuters) - Yanzhou Coal Mining Co Ltd <600188.SS>:Received notice from controlling shareholder Yankuang Group Co Ltd.Yankuang Group released pledge of 138 million and 162 million unrestricted tradable a shares it pledged to Qilu Securities (Shanghai) Asset Management.  Full Article

Yanzhou Coal Mining updates on arbitration involving unit of Co
Thursday, 7 Sep 2017 06:28am EDT 

Sept 7 (Reuters) - Yanzhou Coal Mining Co Ltd <600188.SS>::Updates on arbitration involving a wholly-owned subsidiary of Yanzhou Coal Mining Company Limited.‍Has decided to restart arbitration proceedings​.Updates on lawsuit brought by Luxing Property against thirteen defendants including co.Due to shortage of raw materials supply, Tianhao Chemicals has been forced to cease its production.Co has fully provided fixed assets depreciation reserves of RMB380 million with regard to Tianhao Chemicals.Unable to assess impact of arbitration on current profit and future profit of company.Luxing Property claimed for principal amount of accounts receivable of rmb70 million.Lawsuit is currently in process of first instance proceedings, and has not yet been heard by court.Co currently unable to assess impact of Luxing Property lawsuit on current & future profit of co.  Full Article

Rio Tinto completes divestment of Coal & Allied
Thursday, 31 Aug 2017 06:14pm EDT 

Sept 1 (Reuters) - Rio Tinto Ltd :Rio Tinto completes divestment of Coal & Allied.Yancoal takes over management of Rio Tinto's thermal coal business in Hunter valley region of New South Wales..Will receive total consideration of $2.69 billion for sale.Group's guidance for thermal coal production in 2017 has been revised to 13-14 million tonnes, from 17-18 million tonnes previously.Rio Tinto will use consideration received for general corporate purposes and group's capital allocation framework will be applied.Under terms of sale, Rio Tinto may also receive an additional royalty linked to coal price capped at $410 million."Taxable gain on disposal of these assets is expected to be largely offset by carried forward capital losses in Australia".Cash tax payable is expected to be relatively low compared to quantum of taxable gain.Says a further $90 million in royalty is expected before end of 2018.  Full Article

ASIA CREDIT CLOSE: Asia credits soft amid geopolitical concerns

HONG KONG, Aug 10 (IFR) - Asian credits were soft on Thursday on weak performances of regional stock markets amid ongoing geopolitical concerns over North Korea.