Underground coal contractors' stocks rising

IN A week when Spanish giant CIMIC launched a bid for Australian engineering group UGL’s shares with a 33% premium, shares in underground coal contractors Mastermyne and Delta SBD also shot up in value.

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Underground coal contractors' stocks rising Underground coal contractors' stocks rising Underground coal contractors' stocks rising Underground coal contractors' stocks rising Underground coal contractors' stocks rising

Delta SBD has received a boost from winning a contract with Wollongong Coal this year.

Delta’s shares rose 20% to 24c while Mastermyne soared 16% to 29c on the Australian Securities Exchange on Thursday.

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