HONG KONG -(Dow Jones)- Chinese coal miner Yanzhou Coal Mining Co. (1171.HK) said Friday its board has approved its unit to bid for the mining rights in a coal-mine zone in China with no more than CNY8.4 billion (US$1.3 billion).

The company said in a statement that Yanzhou Coal Ordos Neng Hua Company Ltd., its unit, will participate as a bidder in the public auction for the mining rights of a coal-mine zone of the Dongsheng coal field in Inner Mongolia.

The bidding is subject to shareholders' approval, the statement said.

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