Australian Nickel Miner Announces Upgrade
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Australian mining company WMC Resources Ltd. on Thursday forecast record profits for 2004 and announced plans to return up to 1 billion Australian dollars (US$761 million; euro570 million) to shareholders
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MELBOURNE - Australian stocks ended 0.1 per cent higher on Tuesday as a new appointment helped boost National Australia Bank, while heavyweight resource group BHP Billiton slipped after recent gains.
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NEW YORK, October 5  - BHP Billiton Limited (BHP.NYS), the world&#39;s largest mining company, has announced its plans to return up to A$1.
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&quot;It is extremely pleasing to see that additional benefits have already started flowing to both BHP Billiton and its Chinese partners as a result of the Wheelarra joint venture,&quot; BHP Billiton Iron Ore president Graeme Hunt said in a statement.
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China&#39;s nickel demand is rising on reduced prices and increased purchases from stainless steel and plating plants that are running at higher rates, Shenzhen Daily reported Monday.
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Swiss-based Xstrata  on Friday raised its cash offer for Australian coal miner Resource Pacific Ltd  by 12 percent to A$1.08 billion ($964 million) and declared it final.
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BHP Billiton, the world&#39;s biggest miner, approved a total of $1.5 billion to expand its copper and iron ore output amid increasing global metals demand led by China.
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Falconbridge Ltd., the world&#39;s third- biggest nickel producer, said third-quarter earnings rose more than eightfold as base-metal prices jumped.
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Rio Tinto , which is fighting  off a takeover approach from rival BHP Billiton , said  on Monday it would spend $71 million on a study to expand its  Hope Downs iron ore mine in Australia.
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SYDNEY Xstrata, the world&#39;s biggest exporter of power-station coal, offered 7.4 billion Australian dollars, or $5.5 billion, for WMC Resources on Thursday to add nickel and copper mines to its portfolio.
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Melbourne - WMC Resources, the world&#39;s fifth-biggest nickel producer, has invited potential partners to study its Olympic Dam copper, gold and uranium mine as it tries to fend off aA$7.4 billion (R33.37 billion) hostile bid from Xstrata.
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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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BHP Billiton will plough a further $US575million ($770million) into expanding its Western Australian iron ore operations in a message to would-be rivals that the company is intent on keeping and growing its market share.
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Santa Rosa processors, higher-end graphics cards, memory space and energy efficiency features part of upgrade announcement.
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Anglo-Swiss miner Xstrata Plc offered A$3.1 billion ($2.8 billion) on Monday for Australia's fifth-largest nickel producer Jubilee Mines NL, the latest outback miner to catch the eye of a big international firm as metal prices soar.
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Barrick Gold is offering a $10 million prize to anyone who can increase the amount of silver it recovers from a mine in Argentina.
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MACQUARIE Communications Infrastructure Group, owner of most of Australia&#39;s TV and telco transmission towers, has begun its offshore expansion with a Â£1.27 billion ($3.1 billion) deal to buy Britain&#39;s second-biggest transmission group.