DataRoom AM: PanAust attraction

GRAM's PanAust takeover offer has the whole copper sector jumping, while Nathan Tinkler has reportedly forked out for Peabody's Wilkie Creek coal mine.

Australia’s copper sector is all of a sudden in great demand as a near $1.5 billion takeover proposal was put forward for mid-tier miner PanAust. But despite some heavy bets being placed on the sector as a whole, investors appear unconvinced a deal will go through.

Elsewhere, Nathan Tinkler returns to the coal sector, the government confirms an asset sell-off, the owner of Sorbent readies for an IPO and Baytex Energy ups its offer for Aurora Oil and Gas.

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