Polish miner found alive after more than 48 hours trapped underground
State-run news channel TVP Info reported that the miner was conscious when rescuers reached him.
“A consortium representing many of the world’s biggest iron ore and coal miners has made a pre-emptive strike to buy the Australian state of Queensland’s coal rail freight network with a fully funded bid worth A$4.9bn (US$4bn).
The 13-member consortium – which includes BHP Billiton, Rio Tinto, Anglo American, Brazil’s Vale and Peabody Energy of the US – is trying to head off the state government’s plans for a 2010 initial public offering of QR National.
QR National – a business that includes coal and other freight networks, rolling stock, and a coal logistics business – plans to raise between A$2bn to A$3bn in a float that would give it a market value of about A$7bn.”
Source: Financial Times, May 26 2010
Observations:
Implications: