China's Sinosteel to proceed with Midwest takeover
September 18, 2008
Chinese steelmaker Sinosteel Corp. has taken control of 98 percent of Midwest Corp. and will proceed with compulsory acquisition of the Australian miner, Midwest said.
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.
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.
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.
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.
Chinalco May Snag More Of Rio Tinto
Before increasing its stake in the miner, the Chinese aluminum maker is waiting to test market conditions.
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...
Investors furious as BHP pulls plug...
BHP Billiton’s hostile pursuit of Rio Tinto, its mining rival, ended
yesterday, bringing to a halt an extraordinary bonanza for advisers who have
reaped more than £400...
BHP Billiton posts record...
AFP - The world's biggest mining company BHP Billiton Ltd. posted a record 15.39-billion-US-dollar annual net profit Monday and said it expected Asian demand to remain strong...
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.
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 supply of iron ore.
Shares of BHP Billiton, Rio Tinto...
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...
EU widens Billiton-Rio Tinto probe
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...
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.
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.
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...
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.
US antitrust regulator clears BHP Billiton bid for Rio Tinto
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.
Japan gives 11-day ultimatum to BHP over hostile Rio Tinto takeover
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 days or face possible criminal prosecution.
BHP Billiton posts record...
AFP - The world's biggest miner BHP Billiton on Monday announced record annual net profits of 15.39 billion US dollars (10.46 billion euros), driven by soaring commodity prices...
BHP Billiton poised for record profit
BHP Billiton is set to deliver a record annual profit in excess of $US15 billion ($A17.26 billion), underpinned by a strong result from its petroleum division.
BHP Billiton and China's Baosteel...
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.
BHP Billiton wins US approval for...
America's anti-trust regulators have given partial approval to BHP Billiton's
$38 billion ($£19.1 billion) offer for Rio Tinto but the deal is still
awaiting the opinion of...
BHP's Rio takeover prospects start to...
Rio Tinto Group Chief Executive Officer Tom Albanese is proving to be an elusive target for BHP Billiton CEO Marius Kloppers now that the slowing economy, fading stock and...
Rio Tinto ends Asian steel price talks
Rio Tinto has concluded price negotiations with its Asian customers for the steelmaking commodity.