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Macarthur CoalMacarthur Coal


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4 days, 19 hours ago

Asciano secures coal haulage contract

Asciano Group (AIO) said it had signed its an agreement with Anglo Coal for the haulage of coal exports by rail in Queensland commencing in the upcoming financial year. Asciano said this was the company’s fourth Queensland coal haulage customer. Asciano, in a statement released Tuesday, said the contract was ... egoli - 1:33 p.m. Tuesday 30th June 2009 EST View Article Related Articles Email to Friend

Coal demand returns

Macarthur Coal projects including its Moorvale Mine, above, have flagged an increase in demand for resources from China. A MILLION miles from the market freefall that hit our mining industry late ... Mackay Daily Mercury - 11:19 a.m. Tuesday 30th June 2009 EST View Article Related Articles Email to Friend

Coal demand returns

A MILLION miles from the market freefall that hit our mining industry late last year Macarthur Coal believes the market is showing signs of returning. Mackay Daily Mercury - business - 10:30 a.m. Tuesday 30th June 2009 EST View Article Related Articles Email to Friend

6 days, 8 hours ago

Macarthur Coal to create more mining jobs

MACARTHUR Coal’s chief executive officer Nicole Hollows is standing by the company’s claims that it aims to double its presence in Central Queensland within five years despite the onset of the global financial crisis. Coal Mining - midnight Monday 29th June 2009 EST View Article Related Articles Email to Friend

2 weeks, 1 day ago

Rush for shares in miner

MACARTHUR Coal has raised $190million through a discounted issue of new shares to institutional investors which it says was "significantly oversubscribed". The Australian Business News - midnight Saturday 20th June 2009 EST View Article Related Articles Email to Friend

2 weeks, 1 day ago

Macarthur Coal cashed up

MACARTHUR Coal has raised $190 million through a discounted issue of new shares that it says was significantly oversubscribed. Herald Sun - 5:01 p.m. Friday 19th June 2009 EST View Article Related Articles Email to Friend

Aussie market closes higher

Positive economic data out of the US and a rise in base metal prices overnight was the catalyst for a rebound in Aussie shares ahead of the weekend. The financial sector led the market higher throughout the day, however a late bout of profit taking took the edge off the ... egoli - 4:01 p.m. Friday 19th June 2009 EST View Article Related Articles Email to Friend

Good news from coal miner Macarthur

Macarthur Coal is full of good news today. The full-year net profit after tax forecast of $155 million to $177 million is a substantial increase from the $72.7 million from last year An institutional share placement is expected to raise $190 million Plans are underway to double production over five ... MDS Financial - 2:15 p.m. Friday 19th June 2009 EST View Article Related Articles Email to Friend

MCC, AIF Raise Cash

Yesterday's funding raising announcement from Macarthur Coal was a bit odd, even by some of the capital raisings we have seen in the past nine months. On Wednesday it tickled the market's fancy by hinting at an improvement in demand for its coal, the share price fell 10 cents. Then ... ASX Newbie - 1:44 p.m. Friday 19th June 2009 EST View Article Related Articles Email to Friend

Macarthur Coal placement raises $190m

Macarthur Coal placement raises $190m... 19 Jun 2009 12:39 PM Business Spectator resources & energy - 12:39 p.m. Friday 19th June 2009 EST View Article Related Articles Email to Friend

Local shares rebound

Aussie shares advanced Friday morning following a week below the line. The energy sector led the market higher, while the smaller healthcare and industrial sectors also rallied. At lunch the All Ords gained 22.8 to 3,910.2, and the ASX/200 was up 24.0 to 3,916.1. Over 749 million shares, or $1.7 ... egoli - 12:09 p.m. Friday 19th June 2009 EST View Article Related Articles Email to Friend

Macarthur raises $190m through placement

Queensland miner Macarthur Coal says it has raised $190 million through a placement of new shares with institutions. The placement was priced at $6.00 per share, representing a 9.4 per cent discount The West Australian - business - 11 a.m. Friday 19th June 2009 EST View Article Related Articles Email to Friend

MCC, AIF Raise Cash

Yesterday's funding raising announcement from Macarthur Coal was a bit odd, even by some of the capital raisings we have seen in the past nine months. Share Cafe - 10:09 a.m. Friday 19th June 2009 EST View Article Related Articles Email to Friend

Macarthur raises $190m

Macarthur Coal Limited (MCC) said its has raised about $190 million from the institutional component of its capital raising. The company said t here was strong demand from existing and new institutional investors and the institutional placement was significantly oversubscribed. Shares were offered at $6.00 per share, or a 9.4% ... egoli - 9:50 a.m. Friday 19th June 2009 EST View Article Related Articles Email to Friend

Macarthur Coal raises millions

Macarthur Coal says it has raised $190 million through a placement of new shares with institutions. Bigpond business & finance - 9:40 a.m. Friday 19th June 2009 EST View Article Related Articles Email to Friend

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Code: MCC Price: $6.510  
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Company Profile

Macarthur Coal Limited (Macarthur Coal) is an Australian coal company developing a generation of coal assets in Queensland’s Bowen Basin. As of June 30, 2007, the Company held a 73.3% interest of the Coppabella and Moorvale mines. The company’s operations produce approximately 35% of the seaborne global demand for low volatile pulverized coal injection coal (PCI coal). Macarthur Coal commenced the transition from a coal mine owner to a coal mine operator during the fiscal year ended June 30, 2007 (fiscal 2007). Exploration activities during fiscal 2007, was primarily directed at advancing the Vermont East/Wilunga project, extending the Olive Downs North Resources and obtaining more detailed information to enable assessment of Coppabella underground and Moorvale underground projects. On May 16, 2007, the Company sold a 16.7% of its 90% interest in the Olive Downs North project. In January 2008, the Company announced the completion of the acquisition of Custom Mining Pty Ltd.

Address: Level 18, 215 Adelaide Street, BRISBANE, QLD, AUSTRALIA, 4000

Phone: (07) 3221 7210
Fax: (07) 3229 1776