I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Monday, 9 May 2011

Noble nears deal with Gloucester on coal asset sale

SYDNEY - Hong Kong-based commodities firm Noble Group is nearing a deal to sell stakes in some Australian coal assets to its majority-owned Australian coal miner Gloucester Coal , sources said on Monday.

'There have been some pretty tough negotiations (between Noble and Gloucester),' a source familiar with the transaction said, confirming a deal was close but declining to give details.

A second source said one of the expected transactions involved Donaldson Coal Pty Ltd.

Gloucester shares were placed in a trading halt earlier on Monday ahead of an announcement about two acquisitions and a capital raising.

Noble Group has been widely expected to sell its 100 per cent-owned Donaldson Coal Pty Ltd, which has coal mines in the Hunter Valley in New South Wales state, to Gloucester.

A Noble spokesman declined to comment. -- REUTERS
Posted by Createwealth8888 at 18:02
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