Gloucester Coal to Acquire Two Australian Coal Assets

16 May 2011 (Last Updated May 16th, 2011 18:30)

Gloucester Coal has entered into an agreement to acquire Noble's 100% interest in Donaldson Coal Holdings for a total value of A$585m ($618m). Donaldson Coal's assets include one open-cut and two underground mines, which produce thermal coal and semi-soft coking coal products in New Sou

Gloucester Coal has entered into an agreement to acquire Noble's 100% interest in Donaldson Coal Holdings for a total value of A$585m ($618m).

Donaldson Coal's assets include one open-cut and two underground mines, which produce thermal coal and semi-soft coking coal products in New South Wales, Australia.

Gloucester has also entered into an agreement with the Ellemby Holdings to acquire Ellemby and its controlled entities, named Monash, for a total value of A$30m ($30m).

Monash assets include two exploration licences, EL 6123 and EL 7579, covering 22.19km ² in New South Wales.