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from The Age
While the market speculates about when Whitehaven Coal will bid for Coalworks, the likely takeover target says it will get on with developing its NSW coal assets in 2012.

Massive international demand for Australian coal led to a busy year in 2012 for consolidation in Australia's coal space and now Coalworks is expected to be swallowed up.

The coal developer has appointed Pitt Capital Partners to "consider the implications" of the recent $5.1 billion merger between Whitehaven Coal and billionaire Nathan Tinkler's Aston Resources.

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http://news.theage.com.au/breaking-news-business/target-coalworks-gets-on-with-business-20120111-1puck.html