China's largest coal producer, Shenhua Energy Co. Ltd. said on Tuesday that it is in talks to acquire coal mine assets from Indonesia and Australia, according to Reuters.

Chen Biting, the firm's chairman of the board, told reporters, after a shareholders meeting that the company was looking into the feasibility of making acquisitions in both countries, but did not disclose specifics.

The company has also announced that it has settled its export price of coal between US $60-$65, with volumes unchanged.

Australia