MELBOURNE, July12(Reuters) - Australia's New Hope Corp is unlikely to enter a bidding war for Macarthur Coal , a source with direct knowledge said on Tuesday.
Peabody and ArcelorMittal announced a $5 billion takeover offer for Macarthur Coal on Monday.
New Hope bid against Peabody Energy for Macarthur last year but has since acquired coal explorer Northern Energy .
"Now that they have acquired Northern Energy that's going to keep them pretty busy," the source told Reuters.
Lee Universal Enterprises is a leading International mining company.We are leader in mining,processing and export of minerals. Company's Business area is spread all over the world including India, Indonesia,China and Australia.Mainly we work in Coal, Iron Ore and Red Ochre.
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