Yanzhou coal industry plans to spend 5.9 billion yuan to increase capital Yanzhou coal Australian company

NetEase Finance December 30 Yanzhou Coal industry issued a notice, the company's board of directors passed a number of acquisitions and increase the bill, the company intends to spend 5.9 billion yuan Yanzhou coal Australian company, approved Yanzhou Coal Australia to 1.664 billion yuan to buy Ashton coal mine joint venture 30% stake,　　Yanzhou Coal and Yanzhou Mining Group Co., Ltd. and other companies jointly invest in the establishment of Shaanxi future energy chemical Company.　　Yanzhou Coal will increase its wholly-owned subsidiary Yanzhou Coal Australian Company Equity investment of 909 million Australian dollars, about 5.9 billion yuan, after the completion of this replenishment, Yanzhou Coal Australian company's equity investment from 64 million AUD to 973 million AUD. At the same time, the company approved Yanzhou Coal Australian company's wholly-owned subsidiary company to contribute 250 million U.S. dollars, about 1.664 billion yuan, the acquisition of Singapore million state group through its Australian wholly-owned subsidiaries held by the Ashton Coal mine joint venture 30% stake.　　After the acquisition is completed, the company will control the Ashton coal mine joint venture 90% interests. Ashton coal mine is located in the New South Wales, State Of Hunter Valley area of Australia, 95 km from Newcastle Harbor West. Ashton coal mine consists of an open pit and a well mine, with a production capacity of 5.2 million tons/year. Coal quality is low ash, high calorific value of semi soft coking coal and high quality power coals.　　According to the Australian JORC standard, the total coal reserves of Ashton coal mine are 96.5 million tons, of which the open pit reserves are 49.1 million tons and the mine reserves are 47.4 million tons. In addition, Yanzhou Coal and Yanzhou Mining Group Co., Ltd. and other companies jointly invest in the establishment of Shaanxi future energy chemical Company. Yanzhou coal industry with its own funds to invest 1.35 billion yuan, the proportion of investment is 25%.　　Future energy companies will be mainly responsible for investment in Shaanxi province of coal oil projects and supporting the preparation and development of coal mines. Yanzhou Coal industry today closed 27.20 yuan, up 1.45%.