http://www.scribd.com/doc/139621982/Australian-Coal-Companies-in-...

http://www.scribd.com/doc/139621982/Australian-Coal-Companies-in-Rush-to-Dump-Infrastructure-Capacity


Take?junior?miner?Cockatoo?Coal.?While?there?is?some?uncertainty?about?the?funding?for?the?planned?$430m?Baralaba?mine?extension,?sources?in?the?financial?end?of?town?say?Japanese?investor,?JFE?Shoji,?with?a 37.5% interest?in?Baralaba?and?a?20%?stake?in Wonbindi Coal,?are?supportive?of?management.?“The?most?likely?outcome?is?Cockatoo’s?debt?could?be?converted?to?equity?which?would?remove?the?refinancing?pressure?and buy?them?some?time?to?secure?development?funding,”?the banking?source?said.?