During Gong Zheng's attendance of China (Shandong)-Australia Investment and Trade Seminar in Australia on 7 September, he had a discussion with the senior management of Coal & Allied, which was acquired by Yankuang, in Sydney Australia.
Senior management from Rio Tinto, Glencore and Mitsubishi attended the meeting and delivered speeches.
Wang Hua, secretary-general of Shandong provincial government, Zhang Xinwen, director of Shandong Development and Reform Commission, She Chunming, director-general of Department of Commerce of Shandong Province, Sun Shouliang, deputy secretary-general of Shandong provincial government, Li Xiyong, chairman of the board and party committee of Yankuang, attended the meeting.
Gong Zheng debriefed report by Yankuang on the acquisition of Coal & Allied coal assets, cross-border E-commerce and corporate development in Australia in the recent years, and exchanged ideas on corporate M&A, future cooperation with representatives from Rio Tinto, Glencore and Mitsubishi.
Gong Zheng gave recognition to the acquisition by Yankuang and Yancoal Australia and showed congratulations on achievements made by cooperative partners in terms of absolute and sincere cooperation, production capacity enhancement and structural optimization. Gong Zheng pointed out that each company has its own development goal and shall enhance its own total factor productivity. Gong also expressed his wishes of bright future for Yankuang Group, Yancoal Australia, Coal & Allied, Glencore and Mitsubishi.