There was an article in the weekend fin review [page46]...

There was an article in the weekend fin review [page46] suggesting that Riversdale is sitting on the next Bowen Basin and that the steel majors of Tata and CSN might be the start of a serious arm-wrestle for riversdale and or its assets. CSN strategy has been to gain 'direct' control or even ownership of these companies. The article suggests that the stage is set.
FLX has just been taken out, so we will soon have one less coal player and a some of that money will no doubt find its way into another coal stock. dyor.