Ming Pao Daily citing senior executive said China Yanzhou Coal Mining Co Ltd plans to list its Australian coal assets in 2012 raising capital to fund future acquisitions.

The newspaper said citing Mr Zhang Baocai executive director that the company has believes it can complete the listing before the end of next year.

The paper added that the Chinese coal producer is considering hiring UBS as adviser for the deal. It gave no further details.

Yanzhou Coal officials were not immediately available for comment.

Mr Zhang Minglin vice general manager of parent Yankuang Group said in November, Yanzhou Coal said it would produce more than 20 million tonnes of coal from its Australia assets in 2011 after the company signed two M&A deals in Australia earlier this year.

Yanzhou Coal has made four successful M&A deals in Australia so far and has said it wants to acquire more Australian coal assets.

(Sourced from Ming Pao Daily)