Coal rights fight over Centennial.(Austral Coal Ltd., Centennial Coal.)(Brief Article)

Australasian Business Intelligence, April, 2005 by Trounson, Andrew

Apr 21, 2005 (The Australian - ABIX via COMTEX)

There could be conflict over coal marketing rights at Australian mining company Centennial Coal. Centennial has reached an 80 per cent stake in Austral Coal, which has the Tahmoor coal mine. Hong Kong commodity trader, Noble Group, has the marketing rights to the mine's production of hard coking coal. Noble was the largest shareholder in Austral and accepted the takeover offer. It has increased its holding in Centennial from five per cent to 6.5 per cent. However, Swiss company, Glencore, has gained a 13 per cent stake in Austral and could want some of the marketing rights.

Publication Date: 22 April 2005

CENTENNIAL COAL COMPANY LIMITED -

ASX CEY:

AUSTRAL COAL LIMITED - ASX...

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