Australian coal miner Whitehaven Coal says interested parties have completed due diligence and lodged formal offers for the company as efforts to find a buyer for the A$3.5 billion ($3.7 billion) miner neared a conclusion. Whitehaven, which did not name the bidders, said on Wednesday it was in talks to decide which proposal, if any, would be recommended by its board. China's Yanzhou Coal Mining Co was among the parties looking at the miner after other Chinese firms including Shenhua Coal and China Coal dropped out of the process, a source familiar with the transaction told Reuters on Wednesday. India's Aditya Birla, a telecoms-to-cement conglomerate, was also among parties looking at the miner, sources told Reuters last month.
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