Quest has become a substantial shareholder in Western Australian gold explorer Doray Minerals. Headed by Allan Kelly and an expanding team, the gold junior has recently reported some promising drilling results from the Andy Well Project 45 km north of Meekatharra.
Macarthur Coal received an indicative proposal from Peabody Energy and Arcelor Mittal in mid-July. The proposal is non-binding, subject to due diligence and a 50.1% acceptance. The proposed price is $15.50 plus up to 16 cents of any 2011 dividend. Directors have allowed due diligence to be undertaken by Peabody and Arcelor.