Australian takeover target Macarthur Coal (MCC.AX), which has received two competing bids from US miner Peabody Corp. (BTU.N) and New Hope Corp (NHC.AX), has not received any proposals from Xstrata Plc (XTA.L), the firm said on Tuesday.
Macarthur added it was considering its position after an earlier agreed deal to take over local rival Gloucester Coal (GCL.AX) was rejected by Gloucester's top shareholder. 

 

Shareholders in Noble, the largest shareholder in Gloucester, on Monday voted against selling Gloucester to Macarthur, the world's leading exporter of a cheaper, cleaner coal coveted by steelmakers.