BRIEF-Yanzhou Coal's 2016 profit doubles, plans to buy Coal & Allied Industries

March 31 (Reuters) - Yanzhou Coal Mining Co Ltd

* Says 2016 net profit up 140.2 percent y/y at 2.0 billion

yuan ($290.51 million)

* Says it aims to raise up to 7 billion yuan in A-share

private placement to fund the acquisition of Coal & Allied

Industries Ltd

* Says purchase price for Coal & Allied Industries is

between $2.35-2.45 billion

* Says board approves it or units to obtain financing of up

to 80 billion yuan

Source text in Chinese: ; ;

Further company coverage:

($1 = 6.8845 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)