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.
Miners' merger mania
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. 
BHP eyes acquisitions
BHP Billiton is increasingly considering acquisitions in petroleum to add to growth opportunities within its business.
Vale plans Brazil's biggest share sale
Vale plans to sell as much as $13.3 billion of new shares to fund projects and acquisitions intended to create the world's largest miner.
Foster's admits wine venture was a...
FOSTER'S GROUP has conceded that its $7 billion foray into wine has been a disaster, announcing the shock departure of its chief executive, Trevor O'Hoy, writing down its wine...
06/10/08
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Road Looks Smoother For BHP's Rio Bid
Australia's competition regulator greenlighted the takeover proposal, which could signal that the European Commission may decide the same way, putting pressure on the target firm.
Posco Guidance Is Outside The Box
The big steel maker says its third-quarter profits will top estimates, notwithstanding lower steel prices and higher raw materials costs, and it sets sights on diversifying.
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 concerns about higher prices and reduced choice for European customers of the mining concerns.
Miners slide again as FTSE treads water
BHP Billiton managed to outperform a falling mining sector after a Merrill Lynch buy note and the Australian press also reported chief executive Marius Kloppers saying he would not risk the companies credit rating in any acquisition he might do.
China's Sinosteel to proceed with...
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.
Market Report: Merger speculation...
The prospect of further mergers and acquisitions in the insurance market strengthened Friends Provident and led to rallies by several of its rivals yesterday. JP Morgan, whose...
Severstal to buy Pa.'s PBS Coals for...
Russian steelmaking giant OAO Severstal on Friday announced plans to buy Pennsylvania's PBS Coals for about $1.3 billion in cash.
Australian watchdog flags concerns...
AFP - Australia's competition watchdog raised concerns about mining giant BHP Billiton's bid for rival Rio Tinto Friday, saying the merger could hurt competition in the global...
ACCC targets iron ore in BHP-Rio bid
The ACCC wants further comment on BHP's takeover of Rio after concerns over competition in iron ore were raised.
Worley profit up 53%, mulls solar plant
WorleyParsons, Australia's largest engineering company, says the Pilbara region of WA could be a location for a $1 billion thermal solar power station.
Brazilian mining giant Vale says it wants to float $14 billion worth of shares
Brazilian mining company Vale said Thursday that it has requested permission to issue US$14 billion in shares to raise cash for acquisitions and growth.
Anheuser-Busch shares fizz on InBev offer
Anheuser-Busch shares rise to a record in New York trading after InBev NV made a $A50b unsolicited cash offer in a bid to form the world's biggest brewer.
Counting the cost of nickel's wild ride
Producers can't afford prices to fall too far, writes Jamie Freed
$10B Bid Not Enough For Lonmin
Xstrata comes calling, but despite big premium, the platinum miner says no.
Xstrata Goes Platinum
The mining firm makes a $10 billion bid for its smaller peer Lonmin, even as prices for precious metals continue to weaken.
Teck Cominco Coals Up
Miner to buy Fording Canadian in a deal valued at $14.1 billion.
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.
Morgan comes up smelling of roses
JUST six months after retiring as chief executive of Westpac, David Morgan has made a swift return to the financial services industry - swapping his recent life of retail...
Mining sector M&A activity accelerates
Merger and acquisition activity in the mining industry reached record levels last year and 2008 is set to be the year of super consolidation, a new report says.
China's Sinosteel raises stake in...
A Chinese state-owned steel trading company has secured a controlling stake in iron ore miner Midwest Corp., Midwest announced Friday, but Sinosteel's bid for full ownership...