UPDATE: Australia&#39;s WMC Plans A$650M Nickel Expansion
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PERTH (Dow Jones)--Australia&#39;s WMC Resources Ltd.(WMR.AU) said Monday that it will spend up to A$650 million expanding its nickel unit later this decade as it tries to
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BHP Billiton, the AngloAustralian mining group, announced plans yesterday to increase production amid surging demand for commodities.
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WMC Resources Ltd., the world&#39;s fifth- largest nickel metal producer, said it rejected aA$7.4 billion ($5.5 billion) takeover bid from Xstrata Plc as too low.
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Xstrata Plc, the world&#39;s biggest exporter of coal for power plants, offered to buy WMC Resources Ltd. for A$7.4 billion ($5.5 billion) in cash to add nickel and copper mines as China&#39;s demand for metals grows.
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China has agreed to invest 500 million US dollars in the Cubaâs nickel industry, a huge boost for the islandâs economy. The announcement was one of sixteen trade, cooperation and investment agreements
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TOM ELLIOTT, MM&amp;E CAPITAL: Well, the bid that received the most attention was London-based Xstrata&#39;s offer to buy WMC Resources, the old Western Mining, at $6.
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SYDNEY (Dow Jones)--Australia&#39;s Macquarie Communications Infrastructure Group (MCG.AU), which is bidding in a consortium for NTL Inc.
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Canadian mining company Goldcorp Inc.  G.TO GG.N plans to buy competitor Wheaton River Minerals  Ltd WRM.TO WHT.A for $2.09 billion in stock, marking  further consolidation in the mining industry, the companies  said Sunday in a statement.
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Xstrata Plc  said it has agreed to pay A$3.1 billion ($2.8 billion) for Australian nickel miner Jubilee Mines Ltd , seeking to consolidate its position as a leading nickel producer.
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By Sarah Jones  Norilsk Nickel, the world's largest nickel producer, raised its offer for LionOre of Canada by almost 28 percent to 6.8 billion Canadian dollars, trumping a rival bid from Xstrata.  A.P.
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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.
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SINGAPORE Ever since WMC Resources rejected Xstrata&#39;s $5.8 billion takeover offer last month, saying it was insufficient, WMC&#39;s chief executive, Andrew Michelmore, has been saying that there was more to his company than meets the eye.
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Australian nickel and copper miner WMC Resources Ltd (WMR.AX: Quote, Profile, Research) rejected aA$7.4 billion ($5.5 billion) takeover bid
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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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Swiss firm Xstrata relaunches a takeover bid for Australian mining company WMC Resources by appealing directly to its shareholders.
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GLOBAL miner BHP Billiton Ltd and the world&#39;s largest aluminium producer, Alcoa Inc, plan to raise up to $US100 million ($138 million) in calendar 2004 by selling shares in their metal-processing
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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.