BRIEF-Yancoal Australia updates on privatisation proposal

Jan 17 (Reuters) - Yancoal Australia Ltd YAL.AX :

* Privatisation proposal is subject to ongoing discussions and negotiation between Yanzhou Coal Mining Company Ltd and the independent board committee of co

* Says at this point no recommendation has been made or agreed

* "Yancoal and the global coal industry currently face weak market conditions"

* Source text for Eikon News Search ID:nASXjKpl4

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