BREAKFAST DEALS: Gloucester seal

Yanzhou clears a Gloucester deal, while iiNet picks up Internode – and new scale in the telco wars.

Within the space of just a few weeks, the title of Australia’s largest independent coal miner has jumped around a bit. It transferred from Macarthur Coal when the late Ken Talbot’s old stomping ground passed into the hands of Peabody Energy, to New Hope, which has since begun a sales process. Then Whitehaven Coal stepped up with a deal for Aston Resources. Now, the board of China’s Yanzhou Coal has approved a deal to create an $8 billion coal miner through the merger of Yancoal Australia and Gloucester Coal – the rest is looking like a formality. Meanwhile, iiNet has taken rival ISP Internode in the search for NBN scale. Where does TPG Telecom fit in? Elsewhere, Hastings Diversified Utilities Fund has told shareholders that APA Group’s offer doesn’t stack up, a Macquarie Group-managed fund has gone shopping in the US and rumoured takeover target OneSteel has gone for asset sales and writedowns over a capital raising, and the market loves them for it.

Gloucester Coal, Yanzhou Coal



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles