Banks lead way as shares climb
May 12, 2008
The Australian sharemarket closed higher yesterday as Westpac's proposed takeover of St George enlivened the banking and financial services sector.
BHP Billiton executives say Rio Tinto takeover bid will go to European regulators within weeks
A BHP Billiton Ltd. executive said the world's largest miner will submit its first paperwork with European Union regulators regarding its planned takeover of rival Rio Tinto Ltd. within weeks.
Shares of BHP Billiton, Rio Tinto climb on rumors of higher bid for Rio, Chinese stake
Shares of BHP Billiton Ltd. and Rio Tinto Ltd. surged in Australia on Wednesday as fresh rumors swirled around the two companies linked by what could be the largest takeover ever in the mining sector.
BHP and Rio Tinto lead market higher
The Australian sharemarket closed higher yesterday, boosted by strong rises in global miners BHP Billiton and Rio Tinto.
Rio Tinto: We don't need BHP
Rio Tinto has said it is still dismissive of the $135 billion all-stock hostile takeover bid by BHP Billiton and that it is doing fine on its own.
Rio Tinto set for iron ore price rise
Rio Tinto says it is in a strong position to achieve a premium price for its iron ore from Chinese steelmakers.
Rio Tinto ends Asian steel price talks
Rio Tinto has concluded price negotiations with its Asian customers for the steelmaking commodity.
BHP beefs up WA alumina refinery
BHP Billiton approves an expansion project at Worsley Alumina in Western Australia for an estimated capital investment of $2 billion.
05/01/08
Similar news about Alumina Ltd.
EU widens antitrust probe into BHP...
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed...
BHP Billiton raises hostile bid for Rio to 147.4 bln dlrs (AFP)
AFP - BHP Billiton sweetened its hostile takeover bid for Rio Tinto on Wednesday by lifting its valuation of the mining giant to 147.4 billion dollars as it seeks to exploit a resources boom driven by China.
BHP Billiton raises hostile bid for Rio to 147.4 bln dlrs (AFP)
AFP - BHP Billiton sweetened its hostile takeover bid for Rio Tinto on Wednesday by lifting its valuation of the mining giant to 147.4 billion dollars as it seeks to exploit a resources boom driven by China.
China, US aluminum giants buy into...
AFP - Chinese aluminium giant Chinalco said Friday it and US peer Alcoa have bought a 12-percent stake in Anglo-Australian miner Rio Tinto, setting up a possible takeover tussle...
Westpac's issue of convertible shares...
Westpac's $600 million convertible preference share issue is the third from a major financial group in a month-and-a-half but it won't be the last.
BHP Billiton's bid for Rio Tinto...
The European Union has begun a full investigation into BHP Billiton's proposed
$170billion ($£85.8billion)takeover of Rio Tinto, its rival.
Red Wings reward Babcock for winning...
AP - Mike Babcock's new contract allows the oldest of his three children to graduate from the same high school she's attending. And if all goes well with the Detroit Red Wings...
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Rio Tinto to invest $2.15 bln in...
AFP - Anglo-Australian mining giant Rio Tinto announced Wednesday that it will invest 2.15 billion US dollars in a major expansion of its iron ore mine in Corumba, Brazil.
BHP Billiton and China's Baosteel agree on iron ore price rise of up to 96.5 percent
BHP Billiton said Friday it has reached agreement with China's Baosteel on prices for iron ore deliveries, securing increases of up to 96.5 percent after protracted negotiations.
Rio Tinto rail access could 'cost $30b'
Rio Tinto says it could cost Australia $30 billion over 20 years if the company's Pilbara railways in Western Australia are open to third party access.
Rio Tinto to invest 2.15 bln dlrs in...
AFP - Anglo-Australian mining giant Rio Tinto announced Wednesday that it will invest 2.15 billion US dollars in a major expansion of its iron ore mine in Corumba, Brazil.
BHP makes formal bid for Rio Tinto
Read full story for latest details.
Australian merchant bank Babcock and...
Babcock & Brown Ltd., Australia's second-largest merchant bank that last week lost half its market value, is accelerating an examination of its listed funds as it faces its...
Rio Tinto warns about David Tweed
Rio Tinto has warned its shareholders to be wary about potential unsolicited offers from sharemarket opportunist David Tweed.
Chinalco says has no plans to raise...
AFP - China's state-owned Chinalco said Monday it had no plans to increase its stake in miner Rio Tinto after acquiring 12 percent of the London-listed arm of the company in a...
BHP Billiton and Rio Tinto demand 200...
BHP Billiton and Rio Tinto are to deliver a crippling blow to Asian steel
firms this week by demanding a 200 per cent increase in coking coal prices
that their customers will...