ArcelorMittal today announces that it has increased its stake in Macarthur Coal Limited (ASX: MCC - News) from 14.9% to 19.9%, following the acquisition of a further 5 % stake (10,607,830 shares) from Talbot Group Holdings.
The shares were purchased at $ AUD 20, bringing ArcelorMittal’s total investment in Macarthur Coal to $ AUD 843 million. [...]

Blue Energy announced that following positive results at Azure #1 it will continue its exploration drilling program in ATP 817P located approx 55km north west of Injune QLD. Following cased hole geophysical logging operations at Azure #1, the Company has confirmed 4.9m of continuous coal pay thickness previously estimated from geological reports during drilling of [...]

A coal mine in Queensland’s Bowen Basin has been shut down after two employees tested positive for legionnaires’ disease.
Mining giant Anglo Coal evacuated its Grasstree Creek mine, near Middlemount in central Queensland, yesterday after the two workers were admitted to hospital.
Central Area Health Service public health physician Dr Margaret Young said the first case had [...]

Victoria Petroleum N.L. (“Vicpet”) has been advised by the Operator, White Sands Petroleum Limited that the WSP Primero-1 well on the Reids Dome Anticline has reached the next casing point at 300 metres. The hole will be increased to 14” diameter with an under-reamer before running and cementing the 9-5/8” casing at 300 metres.
The Operator [...]