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Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG


Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid to A$460 million ($358 million) for the shares it doesn’t own.

Noble owns 46.7 million shares, or 57.2 percent of Gloucester, according to a notice sent today to the Australian stock exchange. Noble raised its offer to A$7 a share from A$6 last week to win the endorsement of Gloucester directors.

Gloucester has said it will scrap a proposed agreed merger with Whitehaven Coal Ltd. if the Noble proposal is successful.
Source:
Bloomberg    



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Wednesday, 27 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE 3.6% - BLOOMBERG
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 3.6 percent last week while the num ...


Wednesday, 27 May 09
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Benchmark European coal derivatives declined to an 11-day low as oil prices slumped. Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...


Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
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Tuesday, 26 May 09
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