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Yitai Coal, Mongolian Mining Plan Hong Kong IPOs By Yvonne Lee, Nisha Gopalan And Ellen Sheng Updated Sept. 1, 2010 1:06 pm ET

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The last time the government intervened in the spot coal market was in 2008, sending shares of Yanzhou Coal Mining Co. (1171) YZC, -1.23% falling by more than 20%, they said.

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Inner Mongolia Yitai Coal, the Chinese coal mining company, aims to raise about $1 billion from a Hong Kong initial public offering in the second to third quarter of 2010, a source close to the deal told Reuters on Wednesday.. Yitai Coal, which has B shares listed in the Shanghai market, is involved in the production, transportation and sale of coal.