"We are weighing all options," Tinghu Guo, managing director of Citic Australia, told Reuters, when asked if Citic was considering a counterbid for Macarthur. China's Citic Group owns 24 percent stake of Macarthur. Citic Australia is a unit of state-owned Citic Group.
"We are still looking at the situation. There is no decision yet," Guo added.
The MCC stake in held jointly by Citic Group and its Hong Kong-listed unit Citic Resources .
Last week, Peabody Energy and ArcelorMittal made a joint bid for MCC valuing the company at $5 billion.