Macarthur Coal Limited (the Company) is a public company that listed on the Australian Stock Exchange (ASX) in July 2001.
Macarthur Coal is based in Queensland with mining assets in the Bowen Basin and a corporate office located in the state’s capital, Brisbane.
Macarthur Coal’s principal product is low volatile pulverised coal injection (LV PCI) coal used in the production of steel. This product is mined at the Coppabella and Moorvale mines. Macarthur Coal is the world’s largest supplier of seaborne LV PCI coal to steel mills in Asia, Europe and Brazil. The Company also produces thermal and coking coal.
Macarthur Coal provides the expertise to manage the mines and an exploration programme on behalf of a number of joint venture participants. Macarthur Coal manages all mining operations at Coppabella Mine. Contractors are engaged to undertake mining operations at Moorvale Mine.
Macarthur Coal’s major assets are a 73.3% share in Coppabella Mine and Moorvale Mine through the Coppabella and Moorvale Joint Venture (CMJV) which together provide approximately one third of the total volume of low volatile PCI coal exported from Australia. Macarthur Coal also has a 50% share of the Middlemount Mine project.
Macarthur Coal’s mines and exploration tenements (excluding the Middlemount Mine project) are held within unincorporated joint ventures. This structure has allowed the Company to gain significant strategic benefits by involving other parties in its projects. The Company’s production joint venture participants are CITIC Resources Australia Pty Ltd, Marubeni Corporation, Sojitz Corporation, JFE Shoji Trade Corporation and NS Trading Co Ltd.
The Middlemount Mine project is an incorporated joint venture with Paway Ltd (part of the Noble Group Ltd). Paway Ltd holds the remaining 27.52% of the Middlemount Mine project.
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Market Reports /
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12 years ago
02 Aug 2011 - Aussie market down on held cash rate. Macarthur Coal (ASX:MCC) says it remains in positive talks with Peabody Energy and ArcelorMittal.
Company News /
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12 years ago
02 Aug 2011 - Macarthur Coal Ltd (ASX:MCC) says it does not consider Peabody Energy and ArcelorMittal's $4.7 billion bid for the company as hostile and remains in positive talks wi…
Market Reports /
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12 years ago
01 Aug 2011 - Aus shares surge in relief rally. Macarthur Coal Ltd's (ASX:MCC) suitors Peabody Energy and ArcelorMittal go hostile in their $4.7 billion bid, on the same day Macart…
Resources Corner /
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12 years ago
Resources and mining companies dominating the headlines this week include BHP's force majeure at its Escondida copper mine. We speak with Drillsearch Managing Director Brad Lingo a…
Market Reports /
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12 years ago
01 Aug 2011 - Aus shares higher at noon. Wikileaks documents indicate that Rio Tinto (ASX:RIO) lost control of one of the world's largest iron ore deposits after a rival paid a $6.…
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12 years ago
01 Aug 2011 - Macarthur Coal Limited (ASX:MCC) has told shareholders not to take action, after ArcelorMittal and Peabody Energy confirmed a $15.50 per share takeover offer, made af…
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12 years ago
26 Jul 2011 - Macarthur Coal Ltd (ASX:MCC) says wet weather hit its June quarter production, resulting in a 22.5 per cent decline in sales.
Market Reports /
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12 years ago
21 Jul 2011 - Aus shares lift as debt concerns ease. Shares in Sundance Resources Ltd (ASX:SDL) rally on news the Africa-focused iron ore miner has attracted the attention of yet a…
Resources Corner /
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12 years ago
Reactions by the miners and resources industry to the government’s proposed carbon tax has dominated the headlines over the past week. Also making news, BHP Billiton agreed to buy …
Market Reports /
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12 years ago
15 Jul 2011 - Aus shares set to start weaker. Insurance Australia Group Ltd (ASX:IAG) and Suncorp Group Ltd (ASX:SUN) expect to introduce full flood cover by early next year.
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12 years ago
12 Jul 2011 - Aus shares sink on debt fears. Shares in Macarthur Coal Ltd (ASX:MCC) soar almost 40 per cent after the Queensland focussed miner receives a takeover bid from Peabody…
Market Reports /
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12 years ago
12 Jul 2011 - Aus shares set to slide. Queensland-focussed Macarthur Coal Ltd (ASX:MCC) receives a $4.7 billion takeover bid from mining giant Peabody Energy and steel giant Arcelo…
General News /
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12 years ago
Six months on from the Queensland floods the economy, and the state’s coal mines, still haven’t recovered. In fact, water equivalent to the volume of Sydney Harbour is still presen…
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12 years ago
31 May 2011 - Macarthur Coal Ltd's (ASX:MCC) chairman, Keith De Lacy, rejects that a proposed $10 carbon tax starting rate will be effective.
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12 years ago
23 May 2011 - Analysts are cautious of upgrading Macarthur Coal’s (ASX:MCC) ratings following the announcement that the Queensland miner would be developing the Codrilla open cut c…
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12 years ago
16 May 2011 - Aus shares slump to 2 month low. Macarthur Coal Ltd (ASX:MCC) boosts its full year earnings guidance, while Seven West Media (ASX:SWM) cuts its full year guidance for…
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13 years ago
04 May 2011 - Macarthur Coal Limited (ASX:MCC) is expecting its full-year net profit to jump by 50 per cent.
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13 years ago
28 Apr 2011 - Aus shares retreat, dollar gains. Macarthur Coal Ltd (ASX:MCC) lifts a force majeure declared over its mines in Queensland's Bowen Basin since 3 December 2010.
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13 years ago
27 Apr 2011 - A slow start after Easter. Production levels at Macarthur Coal Limited (ASX:MCC) have dropped 56 per cent during the quarter ending March 31.
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13 years ago
12 Apr 2011 - Macarthur Coal Ltd (ASX:MCC) says a force majeure is likely to remain in place until the end of April after significant rainfall in March, 2011.
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13 years ago
18 Mar 2011 - Aus shares set to open stronger. Foster's Group Ltd (ASX:FGL) confirms the demerger plans are on track, a shareholder vote is to be held on April 29.
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13 years ago
23 Feb 2011 - Aus shares close in the red. Worleyparsons Ltd (ASX:WOR) posts a 7 per cent fall in first half net profit. Macarthur Coal Ltd (ASX:MCC) triples its first half net pro…
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13 years ago
18 Feb 2011 - Shares retreat on mixed earnings. Fortescue Metals Group Ltd (ASX:FMG) announces a seven-fold jump in first half-year earnings and declares its first dividend.
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13 years ago
15 Feb 2011 - Macarthur Coal Ltd (ASX:MCC) says its first half net profit will rise as a result of its transaction with Gloucester Coal Ltd (ASX:GCL).
Market Reports /
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13 years ago
27 Jan 2011 - Flood levy keeps stocks steady. Macarthur Coal Ltd (ASX:MCC) reports a 20 per cent fall in coal sales due to record rainfall in the Bowen Basin.