We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Lump of coal

8 Apr 2010 By Christopher Swann

Don’t do dodgy deals. That’s a simple rule that Australian miner Macarthur forgot when it shortchanged shareholders while buying assets from commodities trader Noble. That made it vulnerable to American rival Peabody’s $3.3 bln bid. Market discipline can be a tough mistress.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)