Coal, News & Features, Resource News
Big deals provide coal comfort for investors
By The Australian · December 23, 2011 · 9:47 am · Leave a Comment
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ALTHOUGH coal stocks might not have gone so well in the past 12 months, this year has been a great one for those who make their cash putting together deals in the sector.
Capping off a record year for coal deals, in the past fortnight the two biggest pure-play coal stocks on the Australian Securities Exchange, Macarthur Coal and Coal & Allied, were delisted as majors Peabody Energy and Rio Tinto continued the consolidation of the Australian industry, leaving only New Hope and a smattering of smaller coalminers for local investors.
