Takeover signals sentiment change

ATRUM Coal’s proposed takeover of Atlantic Carbon Group could be just the start of a wave of coal sector consolidation in the short to medium-term as the meteoric rise in coal prices signals a long-awaited change of sentiment.

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Australian Securities Exchange-listed Atrum Coal, which owns the Groundhog anthracite coal project in British Columbia, announced on August 4 that it had entered an agreement to acquire 26.

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