Private Chinese bids for coal move ahead A PUSH by little-known private Chinese companies into Australia's mining sector is continuing, with a hostile $66 million cash bid made yesterday for Queensland coking coalminer Carabella Resources. The bid, from Beijing-based coalminer China Kingho Energy, was at a 110 per cent premium to the last-traded share price of Carabella but has not been accepted because the miner is talking to other potential bidders.