GCL

Gloucester Coal (GCL)

Stock Code

GCL

Stock Exchange

ax

Gloucester Coal (GCL) is a coking and thermal coal production and exploration Company with around 2,400 shareholders. The Company’s exploration activities are principally focused on the Gloucester Basin. GCL produces and markets Gloucester coking and thermal coal from the Stratford site pits which include the Bowens Road North pit, Roseville pit and co-disposal pit and from the Duralie open pit coal mining operation. The Company listed on the Australian Stock Exchange on June 27, 1985.

Gloucester Not in a Hurry with Yanzhou Merger


Gloucester Coal (GCL) is not in a hurry in its merger with Yanzhou Coal Mining Co. as it waits for the latter to complete inspecting its books before making a decision if they will recommend Yanzhou's $2 billion offer.

Gloucester Resumes Trading, Shares Jump


Shares of Gloucester Coal (GCL) jumped by $1.82 to $8.83 at 1107 AEDT as it resumes from a trading halt since Tuesday. The Australian coal miner shares climbed to as much as 27.3 per cent in the morning trade after it announced the merger proposal with China's Yanzhou Coal Mining Co.

Gloucester Halts Share Trading, Works on Yanzhou Merger


Gloucester Coal (GCL) shares are on a trading halt since Tuesday as the coal miner currently works on a possible merger with China's Yanzhou Coal Mining Co. The deal is believed to give the Australian coal miner a value of $2 billion.

EGM and AGMs Line Up for Sharemarket Wednesday


There will be no floats and ex-dividends tomorrow, November 30, 2011. However, an Extraordinary General Meeting and many Annual General Meetings are scheduled on the same day.

Extraordinary General Meeting

Gloucester to Raise $230m for Donaldson Buy


Gloucester Coal (ASX:GCL) is set to hold a capital raising to buy Donaldson Coal Holdings from shareholder Noble Group for $360 million. To bankroll the deal, Gloucester plans to raise $230 million through a $9 per share equity issue.

The deal includes the purchase of coal developer Monash Group and will give Gloucester access to new thermal and coking mines. China, India and Japan are causing a boom in coal demand in Australia, the world's largest coal exporter.

Gloucester Coal Dividends

18 October, 2010 - 00:53

Study the dividend records for Gloucester Coal. Dividends are a portion of company profits paid out to shareholders. If Gloucester Coal Ltd has announced a dividend, you may be eligible to receive GCL dividends if the investor the company's stock on the ex-dividend date. Investors must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.

Australian Takeover Targets


Broking House RBS Equities (Royal Bank of Scotland) have compiled a list of public Australian companies listed on the stock exchange which can be seen as takeover targets. Companies in the list include: WCB, FGL, MCC, GCL, ESG, PDN, MSF, GNC, PRU, IAU, WHC, RHL. The report lists almost 30 companies to the value of $45.6 billion, which have become attractive to potential acquirers, especially foreign bidders, because of global supply shortages in energy and food.

Macarthur Coal bid Gloucester Coal Collapse


Macarthur Coal's (MCC) bid for Gloucester Coal
(GCL) has collapsed as Noble Group, the target's largest shareholder (at 87.7 percent), failed to persuade its investors to back the deal. Noble noted on their website: "Noble Group wishes to announce that the merger proposal between Macarthur and Gloucester was soundly defeated by shareholders in a vote held in Hong Kong at 2.30pm today."

Murchison Metals (MMX) Worst Performer of Week 25, 2009


Murchison Metals (MMX) - one of the leading iron ore exploration companies in Australia was the worst performing stock in ASX 200 on week 25. The company lost 23.4 percent or 51 cents on the share market. Some other worst performing stocks of this list were Gloucester Coal (GCL), Kagara Zinc (KZL), Paper Linx (PPX), ING Industrial Fund (IIF) and Paladin Energy (PDN).

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