China-based Yanzhou Coal Mining will today resubmit its $3.5 billion bid application for Felix Resources to the Foreign Investment Review Board (FIRB).
FIRB has suggested plans to limit foreign investment in Australian mining companies to 15%.
Felix Resources directors have supported a takeover offer from China's Yanzhou Coal Mining Company Limited.
China's state-owned Yanzhou Coal Mining has made a $3.5 billion takeover bid for Felix Resources.