Macarthur Coal http://news.stlpublicradio.org en Morning headlines: Tuesday, August 30, 2011 http://news.stlpublicradio.org/post/morning-headlines-tuesday-august-30-2011 <p><strong>Peabody Coal, ArcelorMittal to buy Australian coal giant </strong></p><p><a href="http://www.bizjournals.com/stlouis/news/2011/08/30/peabody-to-buy-macarthur-coal-for-52.html">According to the St. Louis Business Journal</a>, Australian coal giant Macarthur Coal has agreed to be bought by Peabody Energy and ArcelorMittal for $5.2 billion. St. Louis-based Peabody has pursued Macarthur for more than a year.</p><p>The Australian company is the biggest miner of pulverized coal, which is used in making steel and in great demand in Asia.</p> Tue, 30 Aug 2011 14:24:40 +0000 Julie Bierach & The Associated Press 1960 at http://news.stlpublicradio.org Morning headlines: Tuesday, August 30, 2011