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Bullboard - Stock Discussion Forum YANKUANG ENERGY GROUP ADR YZCAY

Yankuang Energy Group Co Ltd is a China-based international comprehensive energy company engaged in coal and coal chemical industry. The Company operates in five segments. The Coal Mining segment is engaged in underground and open-cut mining, preparation and sale of coal and potash mineral exploration. The Smart Logistics segment provides railway transportation services. The Electricity and... see more

OTCQX:YZCAY - Post Discussion

YANKUANG ENERGY GROUP ADR > Legal battle with PT Krakatau Steel
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Post by Grebmoolb on Mar 03, 2010 1:23pm

Legal battle with PT Krakatau Steel

Yanzhou Coal's 100% owned subsidiary Felix Resources is locked in a legal battle in Adelaide, South Australia in the Supreme Court. PT Krakatau Steel, a 100% owned company of the Indonesian Government is claiming very substantial sums over the 2003 cancellation of Felix Resources 90% owned subsidiary  S.A.S.Es Pig Iron plant in South Australia.
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