CDN

"The coal sector came alight after Polo Resources, the Mongolian coal-miner with assets in Australia, off ¼p at 13¼p, raised a £125 million war chest for acquisitions through a share placing that more than doubled its market cap. A likely target is the Australian miner Caledon Resources, up 1p at 56p, in which it built a 7 per cent stake this week. Polo’s chairman, Stephen Dattels, and its chief executive, Paul Ingram, used to be chairman and exploration director of Caledon."

http://business.timesonline.co.uk/tol/business/markets/article3508498.ece