Gloucester board urges yes to Xstrata

XSTRATA’S $A391 million bid for Gloucester Coal continued to be backed by Gloucester’s board today as the New South Wales producer announced a net profit guidance of $18–20 million for the financial year.

Gloucester board urges yes to Xstrata Gloucester board urges yes to Xstrata Gloucester board urges yes to Xstrata Gloucester board urges yes to Xstrata Gloucester board urges yes to Xstrata

Today’s profit guidance was issued on the back of expected saleable production of 700,000 tonnes of coking coal and 1.4 million tonnes of thermal coal.

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