ASX over 2% lower at noon
March 3, 2008
The Australian stock market fell over three per cent following large falls on Wall Street last week and dragged down by local banks.
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.
ASX buoyed by earnings results
The Australian share market closed firmly in the black as solid earnings results from Telstra, Qantas, Fairfax and other major companies.
02/21/08
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Babcock & Brown forecasts 15% growth
Babcock & Brown has forecast annual profit growth of at least 15 per cent in 2008 after it posted a large rise in 2007 annual profit.
Crown casinos continue to expand in US
Casinos operator Crown is continuing to expand in the United States and says its Australian casinos are performing strongly.
Zinifex stumps up for Oxiana deal
Although it is billed as a merger of equals, Zinifex has worked to get the deal it wants and needs.
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...
Alcoa, Chalco buy Rio Tinto stake ...
AP - Alcoa Inc. and Aluminum Corp. of China jointly acquired 12 percent of the shares of global mining company Rio Tinto PLC in a deal believed to be worth $14.05 billion, the...
BHP Billiton raises Rio Tinto takeover bid (AFP)
AFP - BHP Billiton sweetened its bid for Rio Tinto Wednesday, lifting its valuation of the mining giant to 147.4 billion dollars as it presses for a mega-takeover to exploit a resources boom driven by China.
GPT operating profit up
GPT Group has reported a 14.5 per cent fall in annual earnings and says it expects to maintain distributions in 2008, given challenging market conditions.
Rio Tinto says talks continuing over...
AFP - Global miner Rio Tinto said Monday it was still discussing 2008 iron ore prices with customers after rival Vale of Brazil won a massive 65 percent increase from its Asian...
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: 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.
BHP Billiton executives say Rio Tinto...
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...
Oxiana and Zinifex agree £2.8bn zinc...
Australian miner Oxiana has launched an agreed A$6 billion ($£2.8 billion)
takeover offer for local rival Zinifex in a bid to create the world's
second-largest producer of zinc.
03/03/08
Similar news about Zinifex Ltd.
Zinifex, Oxiana merge into $12b company
Oxiana has agreed to a $6.2 billion merger with Zinifex to create the world's second largest zinc producer, ending months of speculation.
03/03/08
Similar news about Zinifex Ltd.
Review: iASUS Concepts Mobile Amp
Like some other such devices, including Upbeat Audio’s Boosteroo Revolution, the pitch here is that you plug this in to the headphone port of your iPod, then turn your iPod down to a lower volume level, and use the external amp to boost the audio signal, resulting in lower iPod battery consumption and a higher maximum signal output to connected headphones. While this adds the inconvenience of dual battery charging and will be of little to no…
China, US aluminum giants buy into Rio Tinto (AFP)
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 with rival BHP Billiton.
Santos dodges takeover talk
Santos says it is in the early stages of considering "various strategic initiative", in response to a query from the Australian Securities Exchange (ASX).
05/02/08
Similar news about Santos Ltd.
Allegiance ticks Zinifex-Oxiana merger
Takeover target and nickel miner Allegiance Mining says its nickel asset will be in good hands if a planned takeover of Zinifex by Oxiana goes ahead.
Miner Oxiana Spends $5.8B for Zinifex
Australian miner Oxiana Ltd. will buy rival Zinifex Ltd. in a share swap worth $5.8 billion, the two companies said Monday, creating the world's second-largest producer of zinc.
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...
Zinifex H1 net profit up 74.3% to $1.3b
Zinifex has recorded 74.3 per cent rise in first half profit and says demand for zinc is expected to remain healthy in 2008.
Allegiance accepts revised Zinifex bid
Nickel miner Allegiance Mining has finally thrown its support behind Zinifex's all-cash takeover bid after the offer was sweetened on Monday.