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Coal juniors come out to play

WITH a return bid from Xstrata unlikely, Citigroup said today that New South Wales miner Gloucester Coal was now in a good position to merge with another junior coal producer, such as Resource Pacific or Donaldson Coal.

MiningNews.Net
Coal juniors come out to play

Gloucester shareholders yesterday rejected a $391 million bid from Xstrata after Noble Group and AMCI built up blocking stakes to prevent a takeover. Citigroup analyst Jonathon Battershill told MiningNews.net's...

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