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Noble presses Yanzhou to raise Yancoal offer

Tuesday, October 29, 2013 - 06:00

[MELBOURNE] China's Yanzhou Coal Mining Co is under pressure to raise its US$191 million offer to take its Australian Yancoal unit private from Singapore's Noble Group, a key Yancoal shareholder, people familiar with the process said.Yanzhou proposed in July to buy out the 22 per cent of Yancoal