Swiss Mine Company Steps Up Efforts to Buy in Australia
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The Swiss mining company Xstrata began a hostile $5.8 billion bid for the Australian mining company WMC Resources yesterday, in what analysts said could turn into an international bidding war
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LONDON (CBS.MW) - Swiss mining conglomerate Xstrata said Thursday it has offered to buy the entire issued share capital of Australian company WMC Resources for A$7.
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NEW YORK/SYDNEY  - BHP Billiton Ltd., the world'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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BHP Billiton Ltd, has moved to maintain its Chinese market, securing further commitments to sell more than $US3.2 billion of iron ore to Chinese steel mills over the next decade.
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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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BHP Billiton, the world&#39;s largest miner, approved the $990 million Spence Copper Project in northern Chile and a $575 million expansion of its iron ore operations in Western Australia.
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Rattled by a spate of high-profile  mining disruptions on several continents this month, gold stock  investors are looking to company bosses to reassure them that  their investments are safe.
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IF Xstrata&#39;s Scotch CEO Mick Davis thought he could get WMC Resources on the cheap he now knows otherwise. The Swiss miner is offering $7.4 billion, or $6.35 a share, for Australia&#39;s third biggest resources company.
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This firm peddles its sought-after wares to the world's great miners.
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The world's largest listed coal company seeks a place in world's largest coal market.
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Credit Suisse Group, Switzerland s second-biggest bank, plans to expand its commodities business and will seek ventures and acquisitions, as energy prices surge and other banks compete in the growing markets in ...
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NEW YORK/SYDNEY  - BHP Billiton Ltd. , the world'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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SINGAPORE -- China&#39;s biggest metals trader, China Minmetals Corp., is seeking to buy Canada&#39;s biggest mining company, Noranda Inc.
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Australian mining firm WMC Resources says it is worth up to 30% more than a hostile $5.8bn takeover bid by Swiss rival Xstrata.
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Australian zinc producer Zinifex Ltd  launched an all-cash bid worth up to A$775 million ($668 million) for nickel miner Allegiance Mining , the latest in a hectic round of industry consolidation.
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TORONTO (CP) - LionOre Mining International Ltd., a global company listed on the Toronto Stock Exchange, has made a $208 million US friendly bid to acquire Australia&#39;s MPI Mines Ltd.
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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.