Posts Tagged ‘MCC’

ASX Company News: Sedgman Awarded CHPP Contract By MacArthur Coal

Thursday, September 29th, 2011

Leading resource sector services company Sedgman Limited (SDM) announced that the Thiess Sedgman Joint Venture (TSJV) has been awarded a A$85 million contract to design, procure, construct and commission a Coal Handling and Preparation Plant (CHPP) at the Codrilla Coal Mine on behalf of Macarthur Coal (C&M Management) Pty Ltd, the manager of the Coppabella Moorvale Joint Venture (CMJV). The mine is located in Queensland’s Bowen Basin, approximately 185km south west of Mackay near the townships of Nebo and Moranbah and is being developed by the CMJV, in which Macarthur Coal (MCC) is the majority joint venture participant. Mining operations are expected to commence in calendar year 2012, subject to the receipt of final regulatory approvals. The CHPP capacity will be 600 tonnes per hour. The TSJV’s works have commenced, and practical completion is due in the fourth quarter of FY2013. The TSJV contract is not contingent on any outcomes of the current PEAMCoal takeover offer for Macarthur Coal.

Sedgman Managing Director and Chief Executive Officer Nick Jukes said Sedgman was extremely pleased to further strengthen its relationship with Macarthur Coal. “Sedgman has had a long association with Macarthur Coal, having designed and built CHPPs at the Coppabella mine in 1999, at Moorvale Mine in 2003, and at Middlemount Mine in 2007. Sedgman continues to operate these CHPPs, including stockpile management and train loading functions.

Sedgman Limited (SDM) was established in 1979 and is a leading provider of mineral processing and associated infrastructure solutions to the global resources industry. Specialising in the design, construction and operation of coal handling and preparation plants (CHPPs), Sedgman is recognised internationally for its mineral processing and materials handling technologies.

www.sedgman.com

http://www.traderdealer.com.au/fundamentals/sdm

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ASX Company News: Takeover Offer For Macarthur Coal At $15.50

Friday, July 15th, 2011

Macarthur Coal Limited (MCC) announced that it had received a non-binding indicative and conditional proposal from Peabody Energy Corporation and ArcelorMittal S.A. under which, subject to due diligence and other matters, BidCo would propose a takeover bid for all of the issued ordinary shares in Macarthur at a price of A$15.50 per share, less the amount of the final dividend which Macarthur pays in relation to FY2011. Macarthur confirms that it has reached agreement with BidCo on the timing and scope of a due diligence process to be undertaken to facilitate the proposed offer. As part of this agreement, BidCo has agreed that in the event that BidCo makes an offer at any time in the next 12 months.The offer price will be no less than $A15.50 per share unless the Macarthur Board expressly consents otherwise or there is a competing offer.

Macarthur Coal is now the world’s largest producer of seaborne low volatile pulverised coal injection (LV PCI) coal. The Company’s focus is on high margin or low cost coal assets with a strong market demand and product diversification capability. The Company’s goal is to double 2009 production to achieve sales of 9.2mtpa by 2014. To achieve this, Macarthur Coal will focus on two strategic objectives – operational excellence and sustainable growth.

www.macarthurcoal.com.au

http://www.traderdealer.com.au/fundamentals/mcc

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Dividends: MacArthur Coal Ex Dividend On 11/3/2011

Thursday, March 10th, 2011

MacArthur Coal (MCC) will go ex dividend on 11/3/2011. The current dividend payment is 24 cents and it is 100% franked. The record date is 18/3/2011 and the dividend will be paid on 11/4/2011. Based on the full year payment the dividend yield is 3.5%.

*Current Yield: 2.0% Franking: 100% DRP Discount: Not Available

MacArthur Coal

*Yield has been calculated on the closing price on the 27/2/2011. Current yield is based on the current dividend payment only.

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ASX Company News: NRW Holdings Awarded $50 million Contract For Middlemount Coal Project

Wednesday, January 12th, 2011

NRW Holdings (NRW) is pleased to announce that the Company has been awarded a contract to undertake preliminary works for the Middlemount Coal Project in Queensland. The preliminary contract is to provide for initial operational works for the Middlemount Project until 31 December 2011. During this period, the Company will continue to negotiate with Middlemount Coal over the establishment of a longer term mining contract of a term of up to 5 years. The Preliminary works will have an approximate contract value of $50 million.

In commenting on the award of the preliminary works, NRW CEO Jules Pemberton said “the preliminary contract with Middlemount further strengthens the diversification strategy that NRW has been pursuing in terms of both client and commodity. It is also particularly pleasing for our Queensland team headed by East Coast GM, Shaun Lucas, who led negotiations with Middlemount”. The Middlemount Project now means that NRW will have significant operations in Western Australia, the Northern Territory and now Queensland, as well as in West Africa. The Middlemount Coal Project is a joint development between Macarthur Coal Limited (MCC) and Gloucester Coal Limited (GCL). The Project is located 6km from the township of Middlemount and approximately 270km northwest of Rockhampton.

www.nrwholdings.com.au

http://www.traderdealer.com.au/Fundamentals/nwh

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Share Purchase Plan: Macarthur Coal

Thursday, September 9th, 2010

Macarthur Coal (MCC) announced on the 24/8/2010 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 23/8/2010 on which shareholders must own the share to participate in the SPP. The closing date is 5/10/2010.  Shares will be issued on 8/10/2010 and begin trading on 11/10/2010.   A maximum of $15,000 can be purchased by each shareholder at $11.33.

Discount :  -0.8% Liquidity : Good Profitability : Good  Stability : Good

www.macarthurcoal.com.au

* Note: Discount is based on the closing price on the 8 September 2010.

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Dividends: MacArthur Coal Ex Dividend On 20/9/2010

Tuesday, September 7th, 2010

MacArthur Coal (MCC) will go ex dividend on 20/9/2010. The current dividend payment is 17 cents and it is 100% franked. The record date is 24/9/2010 and the dividend will be paid on 18/10/2010. Based on the full year payment the dividend yield is 2.2%.

*Current Yield: 1.5% Franking: 100% DRP Discount: Not Available

MacArthur Coal

*Yield has been calculated on the closing price on the 2/9/2010. Current yield is based on the current dividend payment only.

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New Hope Corporation Takeover Offer For Macarthur Coal

Saturday, April 10th, 2010

New Hope Corporation Limited (NHC) today announced its intention to acquire 100% of Macarthur Coal Limited (MCC) offering 2.7 New Hope shares for every 1 Macarthur share by way of a scheme of arrangement valuing Macarthur at $14.581 per share and representing a total consideration of $3.71 billion.

The Offer provides Macarthur shareholders with an opportunity to continue to be a shareholder in a major Australian coal company with an increased reserve and resource base, enhanced scale and diversified geographical, product and infrastructure assets; to become shareholders in a combined entity with a market capitalisation of over $8 billion and a net cash position greater than $1.5 billion; to benefit from increased market presence and liquidity of shares; to share in the significant synergies created by merging Macarthur with New Hope. This is the estimated market capitalisation of Macarthur based on Macarthur shares currently on issue at the Offer price. New Hope believes the Offer is superior to both the Gloucester transaction and the highly conditional, non-binding, indicative proposal put forward by Peabody Energy Corporation. The Board of New Hope believes that a merger of the two companies is in the best interests of both New Hope and Macarthur shareholders and is a superior proposal to the Gloucester transaction.

A merged New Hope and Macarthur Coal will create a leading Australian Securities Exchange listed player in the Australian coal sector with an implied market capitalisation greater than $8 billion. The entity will have a substantial resource and reserve base with a significant development pipeline. It will also have cash resources of greater than $1.5 billion to develop this pipeline. The merged entity will have the infrastructure in place to underpin this production growth. The merged entity will have a diverse range of geographical locations, mines, infrastructure and products with five operating coal mines shipping through two coal terminals.

New Hope Corporation Limited (NHC) is an independent Australian energy company with a current market capitalisation in excess of $4 billion. New Hope has more than 500 employees and over 7,000 shareholders. It has a proven track record in generating superior shareholder returns as evidenced by the average annual rate of total shareholder return over the past three years being over 50%. Production tonnage has increased over the past three years by 23% to 5.5Mtpa.

www.newhopecoal.com.au

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Macarthur Coal takeover offer increases to $3.56bn

Wednesday, April 7th, 2010

US coal giant Peabody Energy Corp has upped its offer for Macarthur Coal, now offering $14 a share. Last week Macarthur rejected a $13 a share bid as being too low.

Peabody seems to have its eye firmly fixed on Macarthur’s coal export to China business, with the new offer valuing the company at $3.56 billion. China’s coal imports tripled last year.

The Macarthur board will meet this morning to review the bid. One condition of the offer is that Macarthur agrees today to postpone an April 12 shareholder vote on a takeover of Gloucester Coal.

Macarthur Coal Share Price
Macarthur Coal
ASX Code: MCC

Chart source: Market Analyser. Sign up for a free charting software trial!

For more on this news story:

Bloomberg: “Peabody Raises Offer for Macarthur Coal, Battles Noble Group

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Macarthur Coal in trading halt

Wednesday, March 31st, 2010

Trading in Macarthur Coal has been suspended at the request of the company, which has been approached by a third party regarding a possible takeover.

The halt will last until April 6, or until an announcement is made to the market.

Yesterday Macarthur, (the world’s largest producer of low volatile pulverized injection coal for steel making) confirmed its full year sales forecast, which was unaffected despite fears of the potential impact Cyclone Ului threatened on its Dalrymple Bay shipments.

Macarthur Coal Share Price Chart

Macarthur Coal
ASX Code: MCC

Chart source: Rapid Trader. Get free live ASX price data in Rapid Trader until December 2010!

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MacArthur Coal Ex Dividend On 25/3/2010

Tuesday, March 9th, 2010

MacArthur Coal (MCC) will go ex dividend on 25/3/2010. The current dividend payment is 8 cents and it is 100% franked. The record date is 31/3/2010 and the dividend will be paid on 21/4/2010. Based on the full year payment the dividend yield is 1.8%.

*Current Yield: 0.7% Franking: 100% DRP Discount: Not Available

www.macarthurcoal.com.au

*Yield has been calculated on the closing price on the 5/3/2010. Current yield is based on the current dividend payment only.

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