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ARTICLE · 07 MAY 2013

Mining Sector Update: May 2013 Edition

Corrs Chambers Westgarth
Corrs Chambers Westgarth
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Corrs Chambers Westgarth

Corrs Chambers Westgarth

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This publication brings together a brief summary of information on recently completed deals and relevant regulatory updates.

AustraliaEnergy and Natural Resources
Michael MacGinley
Michael MacGinley
Bruce Adkins
Bruce Adkins
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Introduction

Welcome to the May 2013 edition of the Australian Mining Sector Update, a monthly publication prepared by Corrs Chambers Westgarth for clients who are interested in the Australian mining industry.

This publication brings together a brief summary of information on recently completed deals, market rumours and potential opportunities, and relevant regulatory updates.

Recent Announcements

Further to our story in the December 2012 edition of the Australian Resources Sector Update, ASX-listed Endocoal announced on 26 April 2013 that its Scheme Implementation Arrangement with China's U&D Mining became legally effective when it was lodged with ASIC on 22 April 2013. Under the Scheme Implementation Arrangement, U&D Mining will acquire all of the issued shares in Endocoal for A$0.38 per share. Shareholders will be paid on the Scheme Implementation Date of 7 May 2013.

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