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Miners' merger mania

August 12, 2008

Few expect the platinum producer Lonmin to escape the clutches of Xstrata, which last week stormed through its front door with a hostile £5bn takeover bid.



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International Herald Tribune

EU widens antitrust probe into BHP Billiton's proposed acquisition of Rio Tinto

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 concerns about higher prices and reduced choice for EU customers of the mining concerns.
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WRAL.com

BHP Billiton abandons bid for Rio Tinto

BHP Billiton Ltd., the world's biggest mining company, abandoned a hostile $68 billion takeover bid for rival Rio Tinto Ltd., blaming the global economic downturn and plunging commodity prices.
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WRAL.com Australia approves Chinalco's stake...

Australia has approved Aluminum Corp. of China Ltd.'s stake in miner and takeover target Rio Tinto Ltd., Treasurer Wayne Swan said Sunday.
08/24/08
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Times Online - Business 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.
07/05/08
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The Sydney Morning Herald Rio Tinto ends Asian steel price talks

Rio Tinto has concluded price negotiations with its Asian customers for the steelmaking commodity.
07/01/08
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Times Online - Business Rio Tinto upbeat on commodities as...

Rio Tinto, the world's second largest miner, today revealed a 51.8 per cent rise in profit for the first six months of the year due to soaring commodity prices as it...
08/26/08
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The Sydney Morning Herald Rio Tinto to double thermal coal by 2015

Rio Tinto plans to double Australian thermal coal output by 2015 as it ramps up production in the Hunter Valley and removes infrastructure constraints.
07/25/08
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Yahoo! News Rio Tinto spins iron ore deal into...

Reuters - Shares in global miner Rio Tinto gained over 1 percent on Tuesday after it won a huge price rise for iron ore shipped to China, giving it a chance to trumpet its...
06/24/08
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WRAL.com

Rio Tinto says it is comfortable with debt level

Mining giant Rio Tinto on Wednesday sought to allay concerns about its debt levels a day after bigger rival BHP Billiton abandoned a takeover bid for that reason, sending Rio's share price plummeting.
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International Herald Tribune

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.
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Forbes Chinalco May Snag More Of Rio Tinto

Before increasing its stake in the miner, the Chinese aluminum maker is waiting to test market conditions.
09/01/08
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International Herald Tribune US antitrust regulator clears BHP...

Global mining giant BHP Billiton said Thursday that U.S. antitrust regulators had granted partial approval for its US$170 billion hostile takeover bid for rival Rio Tinto.
07/03/08
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International Herald Tribune BHP executive fires latest shot at...

BHP Billiton's chief executive said Wednesday his company's development projects are more advanced than those of its takeover target Rio Tinto, the latest salvo in an argument...
06/11/08
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The Sydney Morning Herald To the brink of war

The inside story of Rio Tinto's iron ore battle with China. The final round of brinkmanship in the iron ore wars took place on the afternoon of June 23 at a Baosteel office in...
07/25/08
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Times Online - Business Rio Tinto loses iron ore licence in...

Rio Tinto, the world's second-largest miner, has lost control of one of its most important iron ore projects.
08/05/08
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Times Online - Business Rio Tinto expects post-Olympic...

China's economy should recover its growth trajectory after two weeks of self-imposed slowdown during the Olympics, Rio Tinto said yesterday.
08/27/08
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Yahoo! News

Rio Tinto to invest $2.15 bln in Brazil iron ore mine (AFP)

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.
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Yahoo! News

Rio Tinto to invest 2.15 bln dlrs in Brazil iron ore mine (AFP)

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.
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The Sydney Morning Herald Rio Tinto to buy ore from mine in WA

Rio Tinto has signed an agreement to purchase ore from a junior explorer as the mining giant seeks to prevent third parties gaining access to its railway in WA.
07/24/08
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Times Online - Business EU threat to Rio Tinto takeover

EUROPEAN regulators are this week expected to threaten to stop the proposed takeover of Rio Tinto by BHP Billiton because of the dominance the pair have over the world’s...
11/02/08
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Times Online - Business Japan gives 11-day ultimatum to BHP...

The Japanese Government has ordered BHP Billiton, the world's largest miner, to provide details of its proposed $78 billion ($£48.3 billion) takeover of Rio Tinto within 11...
11/06/08
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The Independent Rio Tinto iron ore licence in Guinea...

One of Rio Tinto's top iron ore concessions is under threat after the Guinea government revealed it was reviewing the $6bn project in Simandou, stating concerns over its legality.
06/12/08
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International Herald Tribune Rio Tinto wins up to 97 percent rise...

Rio Tinto, the world's second-largest iron ore producer, secured price rises with its Asian customers of up to 96.5 percent for its ore this year, the miner said Tuesday.
07/01/08
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The Sydney Morning Herald Rio Tinto sells WA asset for $564m

Rio Tinto Ltd has completed the sale of its Kintyre uranium project in Western Australia's East Pilbara region for $US495 million ($A564 million).
08/12/08
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