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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:
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Saturday, 02 May 09
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Friday, 01 May 09
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Thursday, 30 April 09
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Wednesday, 29 April 09
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PT. Bayan Resources Tbk. (hereinafter referred to as Bayan), an Indonesian coal manufacturer, announced that they are ready to operate the world's ...


Wednesday, 29 April 09
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A draft government regulation on mineral and coal is currently in a process of completion. The Indonesian Coal Mining Association (ICMA) proposed th ...


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