March 31 (Reuters) - Yanzhou Coal Mining Co Ltd 600188.SS 1171.HK
* 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: ; ; company coverage: 600188.SS 1171.HK ($1 = 6.8845 Chinese yuan renminbi)