informationallabout

U.K. Coal Plc, Britain's largest supplier of the fuel, advanced the most in more than seven years in London trading after it received an approach for its mining and power generation assets.Austria's Meinl International Power Ltd., asked for a meeting with U.K. Coal or its advisers in 2008, the Sunday Times said yesterday, citing a letter Meinl sent to the mining company. Discussions aren't expected, Doncaster, England-based U.K. Coal said today in a statement distributed by the Regulatory News Service. It didn't identify who made the approach.``There's a lot of value to be had from the mining business and I'm not certain an offer would reflect that potential,'' Charles Kernot, an analyst at Seymour Pierce in London, said in an interview. ``U.K. Coal has looked into splitting the property and mining businesses and concluded that it's not in the best interests of shareholders.''READ MORE... Coal prices have risen to a record in 2007 as global demand from countries including...