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WHITF vs. ETF Alternatives
Friday, Aug 242012, 8:28 AMNathan Tinkler pulls out of his $5.5B bid to buy Australia's Whitehaven Coal (WHITF.PK), the latest evidence that the country's mining boom really is over. The collapse of the deal caps off a bad week for the Australian mining industry, following BHP's decision to scrap or delay ~$50B of projects to boost output down under. |Friday, Aug 242012, 8:28 AM| Comment!
Friday, Jul 132012, 11:11 AMWhitehaven Coal (WHITF.PK) sees a $5.4B bid from an Australian billionaire come in that marks a lush 51% premium to Friday's closing price in Melbourne. The deal could raise the profile of the group a tad. Coal stocks (KOL +1.5%) are up for the day after recording a dismal week with Patriot Coal filing bankruptcy and more demand issues cropping up. |Friday, Jul 132012, 11:11 AM| Comment!
Monday, Dec 122011, 8:52 AMAustralia's Whitehaven Coal (WHITF.PK) agrees to buy Aston Resources, which was founded by 35-year old billionaire Nathan Tinkler, and a local coal explorer for at least A$2.72B ($2.77B) in stock. The transactions take world-wide coal deals to a record $37.4B this year and could make Whitehaven attractive to a global predator. (PR) |Monday, Dec 122011, 8:52 AM| Comment!
Monday, Dec 52011, 6:32 AMAustralian coal miners Whitehaven Coal (WHITF.PK) and Aston Resources are in negotiations for a A$4.65B (US$4.76B) "merger of equals." Any deal would create a company with a prospective annual output of 27M tons in 2015, comparable to that of Peabody Energy's (BTU) Australian operations last year. (PR .pdf) |Monday, Dec 52011, 6:32 AM| Comment!