According to Reuters reports, Wednesday and Australia signed a three billion U.S. dollars worth of coal transaction protocol, indicating that the two sides in trying to improve the investment relations between Qi walk together.
Australia's resources minister and Chinese ambassador to Australia Zhang Junsai said China's Yanzhou Coal Mining Company Limited acquired the Australian Felix Resources, may open the door for more acquisitions.
Zhang Junsai said the acquisition marks China's Yanzhou Coal Mining and Australia, the beginning of new cooperation.
Zhang Junsai also said that China has not only brought about productivity, jobs and opportunities, but also ensure long-term market share.
This is Australia's mining history, the largest Chinese enterprises to participate in the case of an acquisition is also the case in 2009, one of Australia's top ten mergers and acquisitions.
Australia's energy minister welcomes China's Yanzhou Coal Mining Company acquired Australian Resources
Australian Resources, Energy and Tourism Minister Martin Ferguson on the 6th China's Yanzhou Coal Mining Company Limited acquired Australia Felix Resources Ltd., welcomed the acquisition shows that "Australia's trade relationship with China is long-term, healthy and mutually beneficial total to win. "
According to the Australian Government issued a press release that day, Ferguson ceremony held in Sydney, said the Australian government to encourage foreign companies to invest in Australia are welcome to meet the national interest of Australia's business plan and to the benefit of the Australian people resources development projects. The value of 3.5 billion Australian dollars (about 3.2 billion) acquisition was in 2009 in Australia, one of the top ten acquisitions. The acquisition shows Australia for foreign investment in the resource area is open and transparent. Yanzhou Coal Mining Company in Australia for the acquisition of investment is very timely reminder that Australia and China's trade and investment relations are becoming increasingly strengthened and deepened.
