Xstrata Offers A$7.4 Billion for WMC Resources to Add Nickel
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Xstrata Plc, the world&#39;s biggest exporter of power-station coal, offered A$7.4 billion ($5.5 billion) for WMC Resources Ltd. to gain nickel and copper mines.
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Australia's competition body says it would not oppose Swiss mining giant Xstrata's proposed take-over of Australian rival WMC Resources.
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XAware lands a $7.4 million third round of venture funding, which the open source data integration software maker plans to use to expand its business model.
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Xstrata remained in focus on Wednesday amid rumours that the acquisitive mining group was weighing a move for Lionore Mining, a Canadian nickel producer valued at &pound;1.5bn.
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WMC Resources, the Australian mining group fighting a hostile A$7.4bn takeover bid from Xstrata, is to return up to A$1bn (US$1.3bn) to shareholders after yesterday upgrading its profit forecast for 2004.
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Swiss mining group Xstrata PLC Monday launched a hostile 7.4 billion Australian dollar (US$5.8 billion; euro4.4 billion) bid for uranium and copper miner WMC Resources LTD, increasing pressure on the independent Australian miner.
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IF Xstrata&#39;s Scotch CEO Mick Davis thought he could get WMC Resources on the cheap he now knows otherwise. The Swiss miner is offering $7.4 billion, or $6.35 a share, for Australia&#39;s third biggest resources company.
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SYDNEY (Dow Jones)--Swiis mining group Xstrata PLC (XTA.LN) said Tuesday it is willing to consider listing on the Australian Stock Exchange if its bid for WMC Resources Ltd.
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Swiss-based Xstrata Plc  said on  Tuesday it had effectively taken control of Canadian miner  Falconbridge Ltd. , as it extended its all-cash bid  expiry date to give it more time to obtain remaining shares in  the company it does not already own.
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SYDNEY: Directors of Australian mining giant WMC Resources Ltd. have rejected a renewed A$7.4b (US$5.7b) takeover offer from British-Swiss Xstrata Plc.
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SYDNEY: Xstrata Plc, the world&#39;s biggest exporter of coal for power plants, will make a hostile A$7.4bil (US$5.8bil) cash offer for WMC Resources Ltd.
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Anglo-Swiss miner Xstrata Plc  on  Monday offered A$3.1 billion ($2.8 billion) for Australian  nickel miner Jubilee Mines NL , seeking to consolidate  its position as a global nickel producer.
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MELBOURNE (Dow Jones)--BHP Billiton Ltd. (BHP) remains in the hunt for WMC Resources Ltd. (WMC) with an internal team assessing its options for making a counter offer to Xstrata PLC&#39;s (XTA.
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British-Swiss resources group Xstrata has relaunched its already-rejected 7.4 billion dollar (5.7 billion US) bid for WMC Resources, this time pitching the offer directly to WMC shareholders rather than through the company.
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RESOURCES giant Xstrata announced its first triumph in its $7.4 billion takeover bid for WMC Resources yesterday - the purchase of 173,954 shares.
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Profits at mining group Xstrata more than double, boosted by acquisitions and rising metals prices.
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A $7.4 billion takeover bid for the Australian mining company WMC Resources has seen its share price surge by 36 per cent. The Swiss-based mining house Xstrata wants to add WMC Resources to its Australian mining portfolio.