综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Yancoal secures FIRB approval for $2.5b purchase of Rio Tinto coal mines

Xinhua | Updated: 2017-04-13 16:27
Share
Share - WeChat

A mineworker looks at a train loader at the Rio Tinto West Angelas iron ore mine in the Pilbara, northwest of Perth, Australia. [Photo provided to China Daily]

SYDNEY - A $2.5 billion deal between mining giants Yancoal and Rio Tinto was approved by Australia's Foreign Investment Review Board (FIRB) on Thursday.

The Australian based Yancoal, controlled by a Chinese parent company, now has regulatory approval to close the deal that will see them pick up key mines as Rio Tinto continues its recent divestment of its remaining Australian assets.

Yancoal chief executive Reinhold Schmidt was pleased with the outcome of the determination by the overseas investment regulatory body.

"Today's FIRB approval is a positive step forward for Yancoal, its shareholders and the Hunter Valley, demonstrating the Australian government's support for continued investment into the local resources sector," Schmidt said.

The impending deal should see local communities in the Hunter region have better outcomes, Yancoal general manager of investor relations and corporate affairs James Rickards told Xinhua on Thursday.

"The transaction is beneficial to the broader Hunter Valley, because it provides for a continuation of operations, and therefore it allows for continued strength of employment within that Hunter region at a time, of what has been, very challenging market conditions," Rickards said.

Rickards stressed that this would allow Yancoal to better provide services, skills, and training throughout New South Wales, along with providing investment into the region at a local level.

But it will not just be the local area that benefits, according to non-executive director at Yancoal and former Australian Ambassador to China Geoff Raby.

"As China pushes harder on improving its environment, and places environmental protection at the very highest level of their policy agenda, it's quite advantageous for countries like Australia that have high quality coal assets, which are low sulfur, low ash, which are increasingly attracting a premium price in China," Raby told Xinhua.

"So, it's also a part of how we can contribute to China's overall improvement in its environmental standards."

The deal is still waiting for approval from shareholders of both companies.

"There are still a number of hurdles that need to jump through the approvals process, and we still need to get into the capital raising as well," Rickards said.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
松滋市| 扎赉特旗| 汤阴县| 扶余县| 沽源县| 嵊泗县| 江北区| 彰化市| 白银市| 颍上县| 措勤县| 甘南县| 潼关县| 晋州市| 淮安市| 迭部县| 辽宁省| 河源市| 南汇区| 繁昌县| 成安县| 新民市| 张掖市| 恩施市| 宝山区| 仪陇县| 平谷区| 临洮县| 河西区| 临颍县| 罗江县| 论坛| 加查县| 古浪县| 永兴县| 黄骅市| 塘沽区| 吉木萨尔县| 明溪县| 凤城市| 类乌齐县|