Macarthur Coal, the world’s biggest exporter of pulverized coal, is poised to bid for Gloucester Coal to add mines in Australia ahead of a forecast rise in coal prices, reports Bloomberg. Macarthur is expected to announce its offer on Tuesday, and is set to sell a 25% stake to Noble Group for the Singapore-listed company’s 88% holding in Gloucester and stakes in three other mines.

This entry was posted by Gwen Robinson on Tuesday, December 22nd, 2009 at 5:09 and is featured in The 6am Cut London (22 Dec 2009) . Tagged with Gloucester Coal, Macarthur Coal. Edit this entry.