China Corporate News: Yancoal Australia to Buy Cloucester; Baidu Launches Own Smartphone

Dec 20, 2011 Full story: www.thechinaperspective.com

Yancoal Australia to Buy Cloucester Yanzhou Coal Mining Co , China's third biggest coal producer by market value, plans to buy Australia's Gloucester Coal Ltd for at least $2 billion, Bloomberg reported, citing a person with knowledge of the matter.

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RayH

Shenzhen, China

#1 Dec 21, 2011
Lots of Cash.

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