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Gloucester poised to become major coal player

GLOUCESTER Coal is undertaking a $A230 million capital raising as it aims to acquire Hunter Valley miner Donaldson Coal from major stakeholder Noble Group. Gloucester also plans to acquire a promising Hunter Valley project which could become a “large scale” underground coal mine.

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Gloucester poised to become major coal player

The long-flagged deal to acquire Donaldson was finally confirmed by Gloucester’s announcement this morning. Gloucester proposed to acquire full ownership of Donaldson from commodities trader Noble...

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