Macarthur closer to consolidation

THE Foreign Investment Review Board has approved Macarthur Coal’s $600 million-plus takeover offer for Gloucester Coal, which is expected to close in early May.

Macarthur closer to consolidation Macarthur closer to consolidation Macarthur closer to consolidation Macarthur closer to consolidation Macarthur closer to consolidation

Macarthur is also cleared to acquire Noble Group’s 25.34% stake in Middlemount Coal, which will give the Queensland coal producer full ownership of the Middlemount open cut mine.

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