Shares of Minara Resources jumped 36% on news of a takeover bid by London-listed Swiss-based commodities trader Glencore Resources. Glencore, which went public in May with an astonishing $11 billion IPO, already owns 73.4% of Minara, and is seeking to buy the rest of it for AU$1.02 billion.
See http://www.mining.com/2011/08/24/glencore-bids-for-australian-nickel-miner/.