Consolidation happening at the coalface

THERE was speculation at market today that Centennial Coal was considering a takeover bid for struggling junior Austral Coal which fell on troubled times after operational problems at its sole asset, the Tahmoor longwall mine in New South Wales.

Both companies have moved into trading halts, with analysts saying it would be a good business fit for Centennial to add Tahmoor to its mine portfolio.

MiningNews.

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