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PanAust Limited (PNA) entered a trading halt Friday, pending what it said was a proposed acquisition. The South-East Asian gold and copper producer said, vaguely, that the acquisition was in a different time zone and likely to be completed.

Macarthur Coal Limited (MCC), as has been widely covered in the press, today officially confirmed it would lodge a bid for Gloucester Coal. The coal miner said it had today lodged with ASIC its off-market takeover offer for all of the shares in Gloucester Coal and its Bidder’s Statement in relation to that offer and has served these documents on Gloucester. Last year the company launched a $710 million takeover of Gloucester The miner last year launched a friendly share-based takeover offer for Gloucester and also struck a deal to buy the out the remaining 25.3% of the Middlemount coal project for $207 million from Noble Group.

Aquila Resources Limited (AQA) has recorded a net loss for the six months to 31 December 2009 of $12.4 million, widening from the $1.1 million loss in the previous corresponding period. Despite revenue for the company increasing to $75 million from $56 million, the company reported EBITDA for its flagship Isaac Plains coal mine had halved to $15 million. The coal miner also reported record sales tonnage of nearly 1.5 million tonnes of coal, against just 662,614 tonnes in the previous corresponding period, however at a lower selling price for its product.

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