Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Gloucester Coal Limited    GCL   AU000000GCL3

News SummaryMost relevantAll newsSector newsTweets 

Gloucester Coal Quarterly Output More Than Triples On Year

share with twitter share with LinkedIn share with facebook
share via e-mail
04/30/2012 | 01:44am CEST

Australia's Gloucester Coal Ltd. (>> Gloucester Coal Limited), which is being acquired by Yanzhou Coal Mining Co. (YZC), said Monday its production more than tripled on year in its financial third quarter although it cautioned demand and prices remain subdued.

The company's mines produced almost 1.28 million metric tons in the three months through March, compared with 342,000 tons a year earlier, Gloucester said in a statement.

Sales of metallurgical coal jumped in the period to 570,000 tons from 196,000 tons in the same period last year, while sales of thermal coal increased to 796,000 tons from 300,000 tons, it said.

Australia's Treasurer, Wayne Swan, in March approved the merger of Gloucester with Yanzhou Coal's Australian unit, subject to several conditions, in a deal that will create a coal producer 78% owned by Yanzhou.

-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094; [email protected]

Stocks mentioned in the article : Gloucester Coal Limited
share with twitter share with LinkedIn share with facebook
share via e-mail
2012 GLOUCESTER COAL LIMITED : ex-dividend day for special dividend
2012DJCoalworks Recommends Revised Whitehaven Coal Bid
2012DJYancoal Remains Open to Further Acquisitions
2012DJYancoal Remains Open To Further Acquisitions - Report
2012 GLOUCESTER COAL LIMITED : Update on Scheme of Arrangement and Second Court Heari..
2012 GLOUCESTER COAL LIMITED : Supreme Court of Victoria approves Merger Proposal
2012DJGloucester Coal Says Court Approves Merger With Yancoal Australia
2012 Australian billionaire moves to buy out Whitehaven Coal
2012 Australia coal miners face squeeze, new mines at risk
2012DJCourt Hearing For Yanzhou's Takeover Of Gloucester Coal Delayed
More news
Sector news : Coke Coal Mining
04/25 EU steel demand to grow more than 1 percent this year and next, after strong ..
04/25 Thyssenkrupp sees internet-connected elevators giving profits a lift
04/24 NIPPON STEEL & SUMITOMO METAL : Japan steel industry head says concerned at Trum..
04/21 French stocks slip in flat European market as vote nears
04/21 HYUNDAI STEEL : South Korea to raise issue of U.S. steel import restrictions at ..
More sector news : Coke Coal Mining
Sector and Competitors
1st jan.Capitalization (M$)
VALE SA16.50%46 584
NIPPON STEEL & SUMITOM..-3.27%21 545
POSCO--.--%21 106
BAOSHAN IRON & STEEL C..-4.09%19 549
More Results