Macarthur Coal Ltd., the world’s biggest exporter of pulverized coal, offered to buy Gloucester Coal Ltd. to add mines in Australia as prices are forecast to rise, according to two people familiar with the deal.
Brisbane-based Macarthur will announce the offer today, the people said, declining to be identified because the details are yet to be made public. Macarthur will sell a 25 percent st
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Published News » Coal Mining
Macarthur Coal Said to Make Takeover Offer for Gloucester Coal
Posted by Editor 251 days ago (http://www.bloomberg.com)FT.com / UK - Scramble as energy groups seek coal assets in Indonesia
Posted by Editor 455 days ago (http://www.ft.com)
Some of the world's largest energy groups are scrambling to acquire coal mining assets in Indonesia as family-run conglomerates consider divestments to raise cash.
People familiar with the matter said the most advanced example involved Berau Coal, a leading producer, whose majority owner is seeking indicative bids for its stake, with valuations expected of up to $1.5bn.
The stake sale coul Read More »
People familiar with the matter said the most advanced example involved Berau Coal, a leading producer, whose majority owner is seeking indicative bids for its stake, with valuations expected of up to $1.5bn.
The stake sale coul Read More »
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