Chinese coal producer Yanzhou Coal Mining Co. and India-based Aditya Birla Group are preparing to submit second-round bids for the acquisition of Australian coal miner Whitehaven Coal.
The Australian miner is seeking offers over $3.5 billion. So far, there are no details regarding the size of the offers of the two abovementioned bidders. US-based coal miner Peabody Energy Corp. is also reportedly still looking at Whitehaven Coal, though it is unclear whether it will submit a binding offer.
Whitehaven Coal has four open pit coal mines located in New South Wales, Australia.
Yanzhou Coal Mining to submit second-round bid for Whitehaven Coal
Tags: Raw Mat Australia China India East Asia and Pacific Far East Indian Subcon South Asia Oceania Mining M&A