Xstrata makes play for WMC
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SHARES in WMC Resources surged 36 per cent yesterday after it revealed it had become a takeover target for Swiss mining giant 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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OLYMPIC DAM, South Australia (Dow Jones)--WMC Resources Ltd. (WMR.AU) is pinning its defense from aA$7.4 billion takeover bid by Xstrata PLC (XTA.
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Xstrata PLC, the world's third-largest copper producer, said Tuesday it will raise 2.9 billion pounds ($5.47 billion) in a special equity offering to help finance its takeover of Canadian mining company Falconbridge 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)--Swiss-based Xstrata Plc (XTA.LN) Thursday put WMC Resources Ltd. (WMR.AU) in play, offering A$7.4 billion for the Australian miner that represents the start of a long bidding war.
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MELBOURNE (Dow Jones)--Australia&#39;s WMC Resources Ltd. (WMC) on Thursday said it recently received a conditional takeover proposal from London-listed resource major Xstrata PLC (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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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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This contract manufacturer is flexing its muscles.
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Miner Xstrata Plc  beat forecasts by more than doubling its 2006 adjusted profit and said strong demand from China and India, coupled with tight supplies, would keep metal prices high, boosting its shares.
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As Swiss-based miner Xstrata pushes ahead with its A$7.4bn (US$5.8bn) hostile takeover bid for WMC Resources, debate over the deal has narrowed to one key issue - the potential of the Australian miner&#39;s giant Olympic Dam project.
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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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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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XSTRATA saw its shares fall 1.4 per cent yesterday after the London-listed miner said it was taking its A$7.4 billion (Â£3.12bn) offer for Australiaâs WMC Resources hostile, following a rebuff from the WMC board last month.
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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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MELBOURNE (Dow Jones)--Xstrata PLC (XTA.LN) Monday launched a hostile A$7.4 billion bid for WMC Resources Ltd. (WMR.AU), increasing pressure on Australia&#39;s last sizable