Xstrata says it is close to full control of Australian Jubilee Mines
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Anglo-Swiss mining group Xstrata said on Friday that it now owned almost 95 percent of shares in takeover target Jubilee Mines and was expected to win full control in the coming days.
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TOKYO (CBS.MW) - Swiss mining conglomerate Xstrata said Monday it offered to buy the entire issued share capital of major Australian mining company WMC Resources for A$7.4 billion ($5.79 billion) in cash.
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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 (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
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Swiss-based miner Xstrata says it will take its A$7.4 billion (3.1 billion pound) bid for Australia&#39;s WMC Resources directly to the company&#39;s shareholders, effectively making a hostile bid after WMC&#39;s management rejected its offer
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The worldâs largest producer of iron ore, Companhia Vale do Rio Doce of Brazil, said it was in talks with a rival, Swiss-based Xstrata, about a merger.
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Mining giant Xstrata tables a bid for Australian nickel producer Jubilee Mines for 3bn Australian dollars ($2.8bn; Â£1.34bn).
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The Anglo-Swiss mining company Xstrata has said that it now owned 92.1 percent of common shares in the Canadian group Falconbridge.
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WMC currently is fending off a AU$7.4 billion takeover bid by Switzerland-based Xstrata PLC. The mining company upgraded its earnings forecast to around $1.3 billion for the calendar year, above analysts&#39; expectations.
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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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A resurgent mining sector helped the leading share index finish in positive territory, dealers said Monday.
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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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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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Mining group BHP Billiton said that full production at its strike-hit Escondida copper mine in Chile would resume next week after it reached a pay deal with workers.
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Xstrata yesterday took its $5.8 billion (Â£3.1 billion) cash bid for Australian miner WMC hostile, laying the ground for another major takeover clash between the old guard and the new of the mining world.
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Global mining giant Anglo American said Friday it had bought a 70-percent share in the Foxleigh coal mine in Queensland, northeastern Australia, for 620 million US dollars (432 million euros).
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Xstrata Plc  said it has agreed to pay A$3.1 billion ($2.8 billion) for Australian nickel miner Jubilee Mines Ltd , seeking to consolidate its position as a leading nickel producer.