Yancoal spearheads Chinese mining investment

YANCOAL’S $3.4 billion acquisition of Rio Tinto’s thermal coal assets in New South helped lift mining investment by China in Australia to 35% of total outbound direct investment in 2017, according to a report by KPMG and University of Sydney.

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Yancoal spearheads Chinese mining investment Yancoal spearheads Chinese mining investment Yancoal spearheads Chinese mining investment Yancoal spearheads Chinese mining investment Yancoal spearheads Chinese mining investment

Yancoal's acquisition of Coal & Allied was a major Chinese mining investment.

There were 12 mining sector deals announced in 2017 totalling $4.6 billion, a rise of 448% from 2016. 
 
This was larger growth than real estate (33%), healthcare (12%), food & agribusiness (8%) and infrastructure (4%).
 
"This large increase was mostly driven by the $3.4 billion acquisition of Rio Tinto's thermal coal assets by Yancoal," the report states.  
 
"There was, however, a continuing investment focus on lithium, gold and non-ferrous metals."
 
Yancoal, which is majority owned by Chinese giant Yanzhou, expanded its presence in Australia with the purchase of Rio Tinto's Coal & Allied thermal coal assets, which include the Hunter Valley ...