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RIO TINTO LIMITED — M&A Activity 2017
Aug 31, 2017
65705_rns_2017-08-31_1b2f1d4f-7ea2-4545-8896-b672af3f1c85.pdf
M&A Activity
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YANCOAL AUSTRALIA LTD
ADDRESS: Level 26, 363 George Street Sydney NSW 2000 PHONE: 61 2 8583 5300 FAX: 61 2 8583 5399 WEBSITE: www.yancoalaustralia.com.au
1 September 2017
ASX Release:
Yancoal completes acquisition of Coal & Allied
Yancoal Australia Limited (ASX: YAL) (“ Yancoal ”) is pleased to confirm it has completed its acquisition of Coal & Allied Industries Limited (“ Coal & Allied ”) from Rio Tinto (the “ Coal & Allied Acquisition ”).
Yancoal Chairman Xiyong Li said, “Today is a significant achievement for Yancoal Australia and redefines our business as a leader within the Australian resources sector and a major competitor throughout international coal markets.”
Yancoal Chief Executive Officer, Reinhold Schmidt, said, “The completion of the strategic acquisition of Coal & Allied is a credit to the Yancoal team and will provide new opportunities for continued growth.
“We look forward to maximising significant operational synergies from the combination of Coal & Allied’s world-class assets with our existing portfolio.”
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For media enquiries, contact:
James Rickards
General Manager Investor Relations and Corporate Affairs Phone: +61 2 8583 5300 Mobile: +61 419 731 371 Email: [email protected]
YANCOAL AUSTRALIA LTD – ASX RELEASE 1 SEPTEMBER 2017 | 1