BHP reaches Rio decision day
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Business & money: BHP Billiton to announce first-half results today as deadline for formal offer for Rio Tinto is reached
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Rio Tinto   said it was to invest $1.1 billion expanding mines in Australia and the United States, as it looks to internal growth to fight off an unwanted approach from rival BHP Billiton.
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Leading shares have closed higher, reaching day highs, with the mining sector in fine fettle as the rumour mill resuscitated talk BHP Billiton and Rio Tinto could be sizing up Alcoa, which was among the gainers that led Wall Street higher.
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BHP Billiton, the world's biggest miner, is preparing a hostile bid for peer Rio Tinto whose board has turned down a friendly approach worth billions of US dollars, British newspapers said Sunday.
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The world's biggest miner BHP Billiton has responded to a deadline from British authorities on its proposed takeover bid for Rio Tinto by saying it is still seeking discussions with its rival.
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BHP Billiton formally launched a $147.4 billion hostile takeover bid for rival miner Rio Tinto.
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BHP Billiton's  might have to  sweeten its $147.4 billion bid for rival miner Rio Tinto   to win over shareholders, one fund manager said on  Wednesday.
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Alcoa and China's Chinalco are "monitoring developments" after mining giant BHP Billiton's bid for Rio Tinto.
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The chairman of mining company Rio  Tinto Ltd/Plc  wrote to shareholders on Sunday,  urging them to take no action on a bid for the company by rival  miner BHP Billiton .
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BHP Billiton's  might have to sweeten its $147.4 billion bid for rival miner Rio Tinto  to win over shareholders, one fund manager said on Wednesday.
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MINING giant BHP Billiton has confirmed it held preliminary talks with the Government of India&#39;s Orissa state and Korean steel maker Posco about options for its iron ore business on the sub-continent.
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SYDNEY: Australia&#39;s BHP Billiton the world&#39;s biggest miner, said yesterday that China is likely to be a catalyst for an extended price rise in metals.
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LONDON (CBS.MW) -- London-listed metals and mining group BHP Billiton (BHP) (UK:BLT) overnight said it&#39;s approved a US $990 million Spence copper project in northern Chile with a designed capacity to produce 200,000 tonnes of copper cathode per annum.
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BHP Billiton Ltd. , the  world&#39;s largest mining group, is considering a bid to rival a  $28.7 billion offer for aluminum producer Alcan Inc. ,  and has hired investment bank Merrill Lynch & Co. ,  sources familiar with the matter said.
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A day after BHP Billiton Ltd/Plc  launched the second costliest corporate takeover in history,  analysts and industry executives reckoned the world's biggest  miner may have to dig a little deeper into its pockets to win  rival Rio Tinto Ltd/Plc .
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Mining group BHP Billiton has said that full production at its strike-hit Escondida copper mine in Chile would resume next week after the company reached a pay deal with workers.
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MELBOURNE/SYDNEY  - Rio Tinto's   shares surged on Wednesday amid market talk that an improved offer had prompted the firm to open its books to suitor BHP Billiton   and media reports which said Rio had signaled a price at which it would sell out.