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Debt squeeze forces Xstrata to drop $12.6b bidMiner Xstrata said on Wednesday it would not to make a formal $US10 billion ($12.6 billion) takeover offer for No. 3 platinum producer Lonmin Plc due to financing difficulties in the global credit crisis. ”The current lack of clarity and certainty ACCC approves BHP bidUpdate Australia’s competition watchdog has cleared global miner BHP Billiton’s proposed about $US114 billion ($144 billion) bid for Rio Tinto, saying it is unlikely to substantially lessen competition. ”While significant concerns were raised by Australian watchdog says it will not block BHP’s bid for RioAustralia’s competition watchdog said Wednesday it will not oppose BHP Billiton’s proposed takeover of rival Rio Tinto, saying the deal would be unlikely to substantially lessen competition. The Australian Competition and Consumer Commission (ACCC) said BHP-Rio takeover gets ACCC nodThe competition watchdog will not oppose BHP Billiton Ltd’s proposed takeover of rival Rio Tinto Ltd, saying it is unlikely to lessen competition. The Australian Competition and Consumer Competition (ACCC) noted that its review of the planned merger had Rio Tinto leads local stocks higherLOCAL shares jumped 4.2 per cent today, led by Rio Tinto after rival BHP was given the green light for its proposed takeover of Rio. said it would not block a merger between BHP and Rio, sending shares in Rio Tinto, which opposes the bid, soaring. The BRIEF-Xstrata Copper: Kidd Metallurgical, CAW-Local 599 fail to reach agreement- Oct 1 (Reuters) - Xstrata Plc: * Copper Canada says kidd metallurgical site and caw-local 599 fail to reach collective agreement * Copper Canada says as a result, caw local 599 initiated a strike * Copper Canada says no plans made with regard to Xstrata abandons Lonmin bid due to credit crisisLONDON, Oct 1 (Reuters) - Miner Xstrata (other-otc: XSRAF.PK - news - people ) Plc said on Wednesday it would not to make a formal $10 billion takeover offer for No. 3 platinum producer Lonmin Plc (other-otc: LOMNY.PK - news - people ) due to financing OceanaGold Closes out Hedge Contracts << IMS Engineering acquired by Germany’s Hazemag & EPRPrivately held materials and minerals processing technology provider, IMS Engineering, has been acquired by Hazemag & EPR GmbH, an impact crushing and related minerals processing technology firm from Germany. The acquisition comes into effect on Wednesday, following approval by the Competition Commission. Xstrata abandons Lonmin bid due to credit crisisLONDON (Reuters) - Miner Xstrata Plc (XTA.L: Quote, Profile, Research, Stock Buzz) said on Wednesday it would not to make a formal $10 billion takeover offer for No. 3 platinum producer Lonmin Plc (LMI.L: Quote, Profile, Research, Stock Buzz) due to Xstrata walks away from Lonmin bidLONDON (MarketWatch) — Xstrata (UK:XTA:UK:XTANews, chart, profile, moreLast: Delayed quote dataAdd to portfolioAnalyst Create alertInsiderDiscussFinancials Sponsored by:, , ) said Wednesday that it does not currently intend to make an offer for platinum Despite rising costs, mining’s contribution, mainly gold, to Nevada economy at all-time highIn spite of rising mining costs, a Nevada Mining Association report found Nevada’s gold miners “experienced a significant increase in taxes paid to the state’s economy and wages paid per mining employee in 2007.” SAP Names BearingPoint Preferred Partner In Russia For Oil and Gas And Metals and Mining IndustriesBearingPoint, a management and technology consulting firm and an SAP global services partner, announced that it has been recognized by SAP Russia as a preferred partner in Russia for the oil and gas and metals and mining industries. ‘The oil and gas Alcoa Board Elects Kurt Waldo as VP and General CounselAlcoa announced that the Alcoa Board of Directors has elected Kurt Waldo as VP and General Counsel, responsible for leading the company’s global legal team. Waldo had been Deputy General Counsel with responsibility for the antitrust, merger, acquisition Australian watchdog says it will not block BHP’s bid for RioSYDNEY (AFP) - Australia’s competition watchdog said Wednesday it will not oppose BHP Billiton’s proposed takeover of rival Rio Tinto, saying the deal would be unlikely to substantially lessen competition. The Australian Competition and Consumer Australia regulator clears BHP bid for Rio TintoBy Sonali Paul MELBOURNE, Oct 1 (Reuters) - Australia’s competition watchdog cleared miner BHP Billiton (nyse: BBL - news - people ) Ltd’s proposed $114 billion bid for rival Rio Tinto Ltd/Plc on Wednesday, saying it was unlikely to substantially lessen ACCC will not oppose BHP’s Rio takeoverTHE competition watchdog will not oppose BHP Billiton’s proposed takeover of rival Rio Tinto, saying it is unlikely to lessen competition. The Australian Competition and Consumer Competition (ACCC) noted that its review of the planned merger had raised ACCC gives BHP nod for Rio takeoverAustralia’s competition watchdog cleared global miner BHP Billiton’s proposed around $US114 billion ($144 billion) bid for Rio Tinto on Wednesday, saying it was unlikely to substantially lessen competition. ”While significant concerns were raised by Xstrata Kidd smelter workers strike as talks failTORONTO (Reuters) - Unionized workers at Xstrata’s Kidd metallurgical operations in Canada went on strike early on Wednesday after talks with the company failed to produce a contract agreement ahead of a midnight deadline. ‘We’re out officially right Xstrata Kidd smelter workers strike as talks failTORONTO (Reuters) - Unionized workers at Xstrata’s Kidd metallurgical operations in Canada went on strike early on Wednesday after talks with the company failed to produce a contract agreement ahead of a midnight deadline. ‘We’re out officially right |
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