United Kingdom | Thursday, 21 August 2008

Xstrata Articles

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1. Buyout group raises offer for Australia's Indophil
A consortium bidding for Australian-listed prospector Indophil Resources NL raised its offer on Wednesday, hoping to trump a rival offer by Xstrata Ltd.
20 Aug 2008
2. Lonmin says to vigorously contest Xstrata bid
South Africa-focused platinum producer Lonmin said on Thursday it would vigorously contest a $10 billion (5.1 billion pound) bid approach from miner Xstrata.
07 Aug 2008
3. Lonmin rejects Xstrata cash bid
Acquisitive miner Xstrata unveiled a $10 billion (5.1 billion pound) takeover bid for the world's third-biggest platinum producer Lonmin, aiming to diversify its business from industrial metals such as copper.
06 Aug 2008
4. Vale says Xstrata takeover talks fail
Brazil's Vale, the world's largest iron ore miner, said that talks to buy Swiss rival Xstrata had failed and that Vale would look at other potential takeover targets.
25 Mar 2008
5. Vale says no longer in Xstrata talks
Brazilian miner Vale has said it has terminated takeover talks with Swiss miner Xstrata.
25 Mar 2008
6. Xstrata still in Vale talks
Miner Xstrata posted a 13 percent rise in annual net profit on Monday on strong output, but gave little detail about ongoing talks regarding a possible takeover by Brazil's Vale. The world's fifth biggest mining group by market capitalisation, the Anglo-Swiss group said net profit for 2007 rose to $5.54 billion (2.8 billion pounds) from $4.89 billion in 2006.
03 Mar 2008
7. Brazil miner Vale raises bid for Xstrata
Brazilian miner Vale has raised its informal offer price in takeover talks with Swiss rival Xstrata, sources with direct knowledge of the negotiations said on Thursday.
22 Feb 2008
8. Xstrata, Vale takeover talks seen at impasse
Anglo-Swiss miner Xstrata and Brazil's Vale have been in serious talks over a 46 billion pound takeover but the miners appear to have reached an impasse, the Financial Times said.
15 Feb 2008
9. Xstrata rejects $76 bln bid approach from Vale: report
Miner Xstrata has rejected a cash-and-shares takeover approach from Brazil's Vale pitched at just under 40 pounds a share, or 39 billion pounds ($76 billion), the Financial Times said.
12 Feb 2008
10. Xstrata ups bid for Resource Pacific
Swiss-based Xstrata on Friday raised its cash offer for Australian coal miner Resource Pacific by 12 percent to A$1.08 billion (497 million pounds) and declared it final.
08 Feb 2008
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