Alcan okays plan for Australian expansion
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MONTREALâAlcan Inc. has given the green light to a $1.3 billion (US) expansion of an alumina refinery in Australia&#39;s Northern Territory.
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SYDNEY, Australia  - Australia plans to enforce a maritime security zone more than 1,700 kilometres out to sea, far beyond its territorial waters, in a move to boost defences against possible terror attacks on its soil and offshore oil and gas facilities, Prime Minister John Howard said Wednesday.
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Australian company trumps hostile bid from Alcoa with $43B friendly offer.
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Mining giant Rio Tinto Ltd./Plc.   said on Thursday it has agreed to pay $38.1 billion, or $101 per common share, for Canadian aluminum company Alcan Ltd. .
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Aluminum producer Alcan Inc.  has begun negotiating toward a merger agreement with Rio Tinto Plc to fend off a hostile bid from U.S. rival Alcoa Inc. , a Canadian newspaper said on Wednesday.
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Alcan Inc.  shares rose 6  percent on Wednesday on speculation a counter offer could  emerge to Alcoa Inc.&#39;s  $28.4 billion hostile bid for the  big Canadian aluminum maker.
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A plan by Australia to extend its maritime security zone into New Zealand territorial waters has taken New Zealand by surprise. Australia&#39;s Prime Minister John Howard says ships destined for Australia could
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Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announces today that it has received a competing offer from a consortium located in South East Asia.
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SYDNEY: Australia&#39;s Fairfax newspaper group said it is well placed for expansion if the government goes ahead with a plan to use its newly won control of both houses of parliament to relax media ownership laws.
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Alcoa Inc. , which has launched  a hostile offer for Canadian rival Alcan Inc.  ,  said on Tuesday that it signed for a $30 billion credit  facility with its lenders that it would use to pay for Alcan  shares.
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Rio Tinto Ltd./Plc. has agreed to buy Canadian aluminum company Alcan Inc. for $38.1 billion, in a move that creates the world's biggest aluminum company.
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Anglo-Australian mining group Rio Tinto says its bid to buy Canada's Alcan for $38.1bn has been approved in the US.
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Anglo-Australian mining giant Rio Tinto Wednesday said all conditions on its 38.1 billion US dollar takeover of Alcan Inc had been satisfied and most shareholders had accepted its offer.
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SYDNEY/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc has agreed to buy Canadian aluminum company Alcan Inc. for $38.1 billion, in a bid to create the world's biggest aluminum company.
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The production capacity of Alcoa Inc.'s proposed aluminum plant in Trinidad is being expanded by 29 percent, the prime minister said.
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MONTREAL/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc  offered $38.1 billion to buy Canada's Alcan Inc in an agreed deal to create the world's No. 1 aluminum producer, trumping a hostile bid by Alcoa Inc
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Anglo-Australian mining group Rio Tinto said on Tuesday that it planned to invest 1.8 billion dollars (1.3 billion euros) to expand its aluminium plant in the northeastern Australian state of Queensland.