China's Yanzhou Coal Mining Co is on a shortlist of bidders for Whitehaven Coal , the Australian company said on Thursday, responding to media reports that Yanzhou had pulled out of bidding for the $3.6 billion company. The media reports sparked a sell-off in Whitehaven's shares, which sent the stock down as much as 6 percent in its most active trade since the firm put itself up for sale last October. Whitehaven released the statement after online publication dealReporter said Yanzhou was not going ahead with an offer. Bloomberg later quoted Yanzhou board secretary Zhang Baocai as saying: "We are currently not in any talks to buy Whitehaven."
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