Whitehaven bids for Coalworks

PERTH (miningweekly.com) – ASX-listed coal miner Whitehaven Coal has launched an all-cash takeover offer for fellow-listed Coalworks, in which it currently holds a 17.3% interest. Whitehaven MD Tony Haggarty said on Monday the A$1-a-share offer for the coking and thermal coal developer provided a “logical next step”, allowing Whitehaven to consolidate its portfolio. “We believe our offer provides a...