Coal giant looms as Macarthur awaits Noble call on Gloucester

Posted on: Sun, 07 Mar 2010 17:11:31 EST


Symbols: GCRLF, NOBGF
Mar 07, 2010 (The Australian - ABIX via COMTEX) --

Uncertainty will continue until April 2010 on the planned acquisition of Gloucester Coal by fellow Australian group Macarthur Coal. Hong Kong-based Noble Group will then stage a stockholders' vote on whether it should vend its holding of 87.7% of Gloucester into the merger deal, which would lead to the emergence of a $A3.9bn coal mining business.

Publication Date: 8 March 2010

GLOUCESTER COAL LIMITED - ASX GCL

MACARTHUR COAL LIMITED - ASX MCC

NOBLE GROUP LIMITED

CITIC PACIFIC LIMITED

AUSTRALIA.  FOREIGN INVESTMENT REVIEW BOARD

For full details on (GCRLF) GCRLF. (GCRLF) has Short Term PowerRatings at TradingMarkets. Details on (GCRLF) Short Term PowerRatings is available at This Link.

For full details on (NOBGF) NOBGF. (NOBGF) has Short Term PowerRatings at TradingMarkets. Details on (NOBGF) Short Term PowerRatings is available at This Link.

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