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. [...]

CLIVE Palmer is a different kind of businessman. If you were told he was from the Gold Coast you wouldn’t be surprised.
Then there’s that property developer/National Party background and a truckload of cash from China in his bank account thanks to the recent sale of an iron ore project in the Pilbara to CITIC.
You [...]

MEGA Uranium yesterday launched its second takeover bid for an Australian uranium company this year, with a scrip offer for junior explorer Redport.
Mega successfully bought out South Australian company Hindmarsh Resources earlier this year for the equivalent of about $1.66 per share and its bid comes just a day after a rebuffed Hong Kong bid [...]