Below is an exert from the link posted.Goes to confirm that coal...

Below is an exert from the link posted.

Goes to confirm that coal is one hot resource & that the latest announcement about superior bids received is only going to heat up.


http://www.theaustralian.com.au/business/global-bidding-war-to-snare-macarthur-coal/story-e6frg8zx-1225852030273

Global bidding war to snare Macarthur Coal
Matt Chambers From: The Australian April 10, 2010 12:00AM
Source: The Australian
THREE-way international bidding war for Macarthur Coal threatens to erupt after fellow Queensland miner New Hope tabled a $3.64 billion takeover offer yesterday and Swiss miner Xstrata began courting Macarthur shareholders about a possible counterbid.

Hong Kong's Noble Group stands as the fourth party set to play a key role in the shake-up of Queensland's coal industry.