Yankuang Energy offers to buy rest of Yancoal Australia as $1.8b offer fails

Yankuang Energy offers to buy rest of Yancoal Australia as $1.8b offer fails

Coal Stockpiles. Photo: Bloomberg

China’s Yankuang Energy said on Tuesday that it was open to negotiations to buy the remaining shares in its majority-owned unit Yancoal Australia, after the Australian coal firm rejected a $1.8-billion offer.