CITIC Resources Holdings Ltd has not decided what to do with its 17.66 percent stake in Australia’s Macarthur Coal and could equally sell or hold the stake, Chief Executive Sun Xinguo said on Monday.
Macarthur’s top shareholder, Ken Talbot, has been selling down his stake of around 24 percent, opening up the possibility of [...]
Xstrata has jumped back into the global merger frenzy. It emerged yesterday that the miner is the mystery bidder that forced Macarthur Coal, Australia’s largest independent coal producer, to announce 10 days ago that it had been approached about a possible takeover.
Macarthur and its top two shareholders, who it admitted had also been approached, have [...]
Queensland, Australia, coal mogul Ken Talbot Monday was arranged in the Brisbane Magistrates Court on 35 counts of allegedly making payments to a government minister.
The Queensland Crime and Misconduct Commission claims Macarthur Coal Managing Director Talbot paid former Queensland Cabinet Minister Gordon Nuttall nearly A$300,000 over three years. Talbot’s solicitor told the court Monday that [...]
MACARTHUR Coal’s dealings with Asian companies could come under pressure following corruption charges against mining magnate Ken Talbot.
Academics said some Asian companies might be concerned about the perception of corruption, particularly if it reflected on themselves.
But one industry consultant with coal marketing experience did not think it would affect customer negotiations, saying some might even [...]
Macarthur Coal Ltd.’s largest shareholder Ken Talbot and former state government minister Gordon Nuttall have been charged in relation to secret payments, an Australian crime commission said.
Nuttall is charged with 35 counts of corruptly receiving payments totaling almost A$300,000 ($236,880) between Oct. 24 2002 and Sept. 28, 2005, Queensland’s Crime and Misconduct Commission said in [...]
Macarthur Coal Ltd.’s largest shareholder Ken Talbot and former state government minister Gordon Nuttall have been charged in relation to secret payments, an Australian crime commission said.
Nuttall is charged with 35 counts of corruptly receiving payments totaling almost A$300,000 ($236,880) between Oct. 24 2002 and Sept. 28, 2005, Queensland’s Crime and Misconduct Commission said in [...]
Macarthur Coal Ltd.’s largest shareholder Ken Talbot and former state government minister Gordon Nuttall have been charged in relation to secret payments, an Australian crime commission said.
Nuttall is charged with 35 counts of corruptly receiving payments totaling almost A$300,000 ($236,880) between Oct. 24 2002 and Sept. 28, 2005, Queensland’s Crime and Misconduct Commission said in [...]
Macarthur Coal says it is planning three new coal mines in the Bowen Basin, in central Queensland.
The managing director, Ken Talbot, says the company will make a decision on whether to develop the Olive Downs mine near Copabella next year.
Mr Talbot says a new underground mine is planned for Moorvale, to extend the life of [...]
A mixed day yesterday for some locally owned coal miners with Excel Coal Co confirming the rightness of the $1.8 billion offer from Peabody of the US, Centennial and Macarthur Coal both showing the strains of operating in a resources boom.
Centennial said it has cut its 2006 profit estimate 20 per cent or more; from [...]
