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Mittal, the world's largest steelmaker, said Tuesday in a surprise announcement that it has decided to back out of its joint purchase of Australian coal miner Macarthur Coal Ltd. "ArcelorMittal has determined that it would no longer be appropriate to
Coal-mining giant Peabody Energy Corp. said Tuesday its third-quarter earnings climbed 22 percent and demand for coal is still rising for power generation in Asia and Europe. Separately, Peabody said that steel maker
Covers the leading players in the finance industry Sample The mining sector, which accounts for around 25 pct of the market is around 0.75 pct stronger at lunch. The world's largest miner, BHP Billiton (BHP) is up 1.22 pct or 45 cents to $37.30 while
Pty Ltd disclosed today that it has a relevant interest in approximately 59.85 per cent of the Macarthur shares, excluding sharessubject to the Institutional Acceptance Facility (IAF). Monday, issued after the close of share trading. "Those shares
Macarthur to 49 per cent, with 50.01 per cent needed for a change of control.
July offer of $15.50, which Macarthur rejected as being too low. September 1 held a 16 per cent stake in Macarthur and is chasing an interest of at least 50.01 per cent...The company is the world's largest producer of seaborne-exported low-volatile
Anglo American PLC has walked away from a potential counter bid for Australian coal miner Macarthur Coal Ltd., deciding the price was ultimately too high, people familiar with the matter said. Macarthur recently backed a sweetened bid from Peabody
Australian miner Macarthur Coal Ltd. has recommended its shareholders accept a sweetened takeover bid from U.S energy giant Peabody Energy Corp. Macarthur's board had previously rejected an Australian dollars 4.7 billion ($5.12
Macarthur Coal Ltd. has nearly doubled its full year profit and repeated its advice to shareholders to reject a takeover offer from U.S energy giant Peabody Energy Corp. and Luxembourg-based steelmaker ArcelorMittal.
U.S energy giant Peabody Energy Corp. said Friday it has the approval of a key Australian regulator for its 4.7 billion Australian dollar ($4.9 billion) hostile takeover bid for miner Macarthur Coal Ltd. Macarthur's board has