corporate transaction, page-7

SYDNEY, Dec 22 AAP - Shares in Gloucester Coal Ltd have been
placed in a trading halt pending the announcement of a potential
takeover.
"The reason for the trading halt is that there is a prospect of
Gloucester Coal Ltd being the subject of a transaction relating to
the control of Gloucester Coal," it said in a statement on Tuesday.
Gloucester Coal said it expected the announcement would be made
before the close of business later on Tuesday.
Earlier, shares in Macarthur Coal Ltd were placed in a trading
halt pending the announcement of a significant transaction.
"The reason for the trading halt is that Macarthur expects to
make a significant announcement in relation to a material corporate
transaction," the company said in a statement.
Gloucester Coal has operations in the New South Wales Gloucester
basin where it produces coking and thermal coal.
Macarthur Coal operates in Queensland's Bowen basin.