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Yanzhou's Felix buy gets Oz approval

By Xiao Wan | China Daily | Updated: 2009-10-24 07:44

Yanzhou's Felix buy gets Oz approval

An undated company photograph shows coal extraction at Felix facilities in Ashton, New South Wales, Australia. Bloomberg News

Yanzhou Coal Mining Co has got approval from Australian government for its A$3.5 billion ($3.2 billion) takeover of Felix Resources Ltd on Friday, after it agreed to operate its local mines through an Australia-based company.

Yanzhou's Felix buy gets Oz approval

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