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Li Weimin meets with Deloitte Australia Delegation

Mr. Li Weimin, General Manager and Deputy Secretary of the Party Committee for Yankuang Group met with Keith Jones, Chairman of Deloitte Australia on April 17th. The two parties exchanged views on expanding cooperation.

Mr. Li Weimin firstly expressed his sincere welcome to the guests. He said that Yankuang Group’s business in Australia had experienced fast development, steady expansion and increased contacts with all concerned parties despite the fact that it was not long since it launched business there. Last year, Yancoal Australia and Gloucester Coal completed the merger and went listed on Australian Securities Exchange, making it the biggest independent listed coal enterprise. Yanzhou Coal Mining Company became China’s first company that was listed in four different places and the world’s first coal enterprise rated as investment-grade. Now, Yancoal Australia has become the country’s, especially in Western Australia, most important company concerning people's livelihood. There are reasons of failing to achieve satisfying results in Australia facing the depressed coal market. Mr. Li Weimin expressed the will that the two sides could deepen cooperation by following the principles of mutual benefit.

Mr. Keith Jones noted that the two sides had sound cooperation and communications in Australia. Yankuang Group’s investment and development have turned out to be a huge success. He added that Deloitte Australia would pay more attention to its communications with Yankuang Group and work on other potential area to expand cooperation.