Both offers are worth 56c per Rocklands share and 6c per each 50c option in the company.
Neither offer has yet been made formal.
Rocklands has three coal projects in Queensland’s Bowen Basin and has funded exploration through the earnings of China Coke and Chemicals, which it acquired via a reverse takeover in 2007. China Coke has a 480,000 tonnes per annum coking plant in eastern China.
Rocklands’ Hillalong project 100km west of Mackay has total JORC-compliant coal resources of 61.3 million tonnes, while its namesake project 40km south of Blackwater has total resources of 880Mt.
Shares in Rocklands are unchanged at 42c.
