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Yanzhou Coal Mining - Felix Resources merger

A $3,446.43 m
  • Entry date - Tuesday, 18 August 2009
  • Jurisdiction - Australia, China, Hong Kong
  • Practice - M&A
  • Chinese coal miner Yanzhou Coal Mining agreed to merge with Australian coal producers Felix Resources via a scheme of arrangement.

  • Firm
    Allens Arthur Robinson
  • Client
    Felix Resources Limited
  • Lead Lawyers
    Andrew Knox
  • Role
    Australian counsel
  • Firm
    Baker & McKenzie
  • Client
    Yanzhou Coal Mining Company
  • Lead Lawyers
  • Role
    Hong Kong counsel
  • Firm
    Corrs Chambers Westgarth
  • Client
    Yanzhou Coal Mining Company
  • Lead Lawyers
    Andrew Lumsden
  • Role
    Australian counsel
  • Firm
    King & Wood
  • Client
    Yanzhou Coal Mining Company
  • Lead Lawyers
  • Role
    PRC counsel


DEAL SUMMARY

  • Chinese coal miner Yanzhou Coal Mining agreed to merge with Australian coal producers Felix Resources via a scheme of arrangement.

  • Yanzhou Coal to finance acquisition fromexisting A$1.8bn worth of cash resources and bank debt.

  • Deal to give Yanzhou Coal presence in coal mining in Australia.  Post acquisition, Felix Resources intends to spin off subsidiary, South Australian Coal Corporation.

  • If completed, this will be the largest-ever Chinese deal in the Australian coal sector.



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