Private equity ready to target miners: report
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Private equity corporate raiders who have so far sidestepped the mining sector despite widespread consolidation, could soon reset their sights, global accounting and consulting firm Ernst & Young said on Wednesday.
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Goldman Sachs is close to completing a  15 billion pound ($29.5 billion) financing package to be used  by suitors for UK lender Northern Rock , the Sunday  Times reported, adding details may be unveiled this week.
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Private equity firms are to come under scrutiny from MPs following union criticism of the sector.
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A consortium led by Chinaâs biggest gold mining company, the Zijin Mining Group, has made a $185.4 million bid for the British copper mining company Monterrico Metals in what could become Chinaâs first outright takeover of an overseas listed company. The acquisition would be the latest in a series of low-profile but substantial purchases of overseas mining assets by Chinese companies, part of the countryâs quest to diversify supplies of strategically important resources. Monterrico, which is based in London, holds rights to the still-undeveloped Rio Blanco copper and molybdenum deposits in northern Peru, which the company says could yield up to 25 millions tons of copper ore a year. Zijin holds a 45 percent share in the consortium, with a Chinese copper mining company, Tongling, taking 35 percent and Xiamen C& D, a trading and real estate conglomerate, holding 20 percent, Zijin said.
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Leading manufacturer of mining equipment announces glad tidings.
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HARMONY Gold Mining pledged yesterday to mount a legal challenge should Gold Fields, its takeover target, scupper a hostile $8.1 billion (Â£4.2 billion) approach today.
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Carlyle Group , a U.S.  private equity firm, is considering a stock market listing  similar to last week&#39;s initial public offering by rival  Blackstone , Dow Jones Newswires reported on Wednesday.
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The Fortescue Metals Group is preparing to meet the challenge of building, for $1.41 billion, an iron ore mine, a port facility and a railway.
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Blackstone Group LP , which is preparing to go public, said on Friday that proposed U.S. Senate legislation on the taxation of private equity firms could materially increase its tax liability and lower the partnership's value.
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The World Economic Forum plans to announce on Friday the results of a study that found that companies owned by private equity shed on average about 1 percent more jobs than their peers.
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Rattled by a spate of high-profile  mining disruptions on several continents this month, gold stock  investors are looking to company bosses to reassure them that  their investments are safe.
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The Blackstone Groupâs much-awaited initial public offering is set for the week of June 25, underwriters said.
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Package delivery company FedEx Corp.  could become a target for private equity buyers because of its modest valuation and turnaround potential, Barron's reported in its July 9 issue.
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A strike at the world's largest privately-owned copper mine may be near an end after an outline deal is reached.
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BHP Billiton Ltd/Plc  ,  the world&#39;s biggest miner, is in talks with private equity  firms to team up for a possible $40 billion bid for U.S.  aluminum company Alcoa Inc , the Times said on Tuesday.
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JOHANNESBURG (Dow Jones)--Harmony Gold Mining Co. (HMY) Monday launched a 52.9 billion rand ($1=ZAR6.4150) takeover offer for South African peer Gold Fields Ltd.
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The Zimbabwean state could take 50% stakes in mining firms, President Robert Mugabe has reportedly said. The government is considering the move, reports claim, in an effort to crack down on what it says is the illegal use of foreign currency from exports.