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Yanzhou resubmits Felix bid application

YANZHOU Coal Mining Company will resubmit its application to the Foreign Investment Review Board for approval of its $A3.54 billion bid for Australian coal miner Felix Resources.

Angie Tomlinson

Yanzhou has already withdrawn and resubmitted its application once before, last month.

Felix said as long as the FIRB reached a decision in the next 30 days, there would be no delay in the timetable for the deal.

Felix has previously stated it expects the deal to be completed by late December.

It has been suggested that the FIRB is under-resourced to cope with the influx of submissions, particularly from Chinese companies looking to take over Australian resource plays.

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