only a matter of time mte is a gift , page-3

http://www.smh.com.au/business/mergers-and-acquisitions-in-coal-top-25b-20111220-1p3y5.html

Mergers and acquisitions in coal top $25b


...Miners have disappeared from the ASX, leaving few local coal investment alternatives, with the merged Whitehaven-Aston Resources and New Hope among the few independent miners of any size.

The next largest is Aquila Resources, a company valued at $2 billion, which has a spread of coal and iron ore projects at varying stages of development.

After that, it is mostly a list of hopefuls, typically with more ambition than money, seeking to develop mines often years away from generating cash, and which are likely to need significant investment.

Coalspur, for example, is a $900 million group developing mines in Canada.

Cockatoo Coal is a $400 million miner and developer 28 per cent owned by Korean interests, followed by Bandanna Energy, a $260 million developer of mines in Queensland.

Then the field drops to companies of barely investment size, such as Gujarat NRE, a $200 million miner which is bringing the old Bellambi mine south of Sydney back to life.

Smaller outfits include Guildford Coal, valued at $160 million, which is developing mines in Queensland and Mongolia, and MetroCoal and Stanmore Coal, both $100 million hopefuls in Queensland.