The newly forged iron ore-to-copper empire Glencore Xstrata was forced to slash the value of its assets by $8.5bn (£5.4bn) in the first set of results since the merger that created it.
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Thursday 26 August 2010
Marius Kloppers refused to rule out a higher bid for PotashCorp of Saskatchewan yesterday, but warned that BHP Billiton would not overpay for the world's biggest fertiliser maker.
Wednesday 25 August 2010
BHP Billiton is hoping that a huge jump in annual profits, set to be announced this morning, will be enough to frighten off any potential rivals for Potash Corporation of Saskatchewan, which last week rejected a $38.5bn (£24.9bn) bid from the mining giant.
Tuesday 24 August 2010
Potash Corporation of Saskatchewan reasserted its opposition to BHP Billiton's $38.5bn (£25bn) takeover bid yesterday, insisting that other companies are waiting to make a counter offer.
Monday 23 August 2010
Several FTSE 100-listed resources companies are set to face nervous markets this morning, in the first day of trading since Australia's indecisive election result over the weekend raised the spectre of more changes to Canberra's planned super-tax on mining industry profits.
Saturday 21 August 2010
Sinochem fired the opening salvo in what could escalate into a full-scale takeover battle for Potash Corporation of Saskatchewan, as the Chinese chemicals group said it was watching BHP Billiton's $38.5bn (£25bn) hostile offer for the Canadian company.
Friday 20 August 2010
Canadian investors yesterday pressed BHP Billiton to increase its now hostile offer for PotashCorp, warning that the mining giant's $130-a-share bid for the fertiliser company would be insufficient.
Thursday 19 August 2010
Outlook That didn't take long. A day after BHP Billiton had its bid for Canada's Potash Corporation turned down, it went hostile, promising to pitch its $40m (£25m) offer for the company directly to shareholders.
Thursday 19 August 2010
BHP Billiton has turned hostile with the $40bn (£26bn) cash offer rejected by the Canadian fertiliser giant Potash Corporation as "highly opportunistic" and "grossly inadequate".
Wednesday 18 August 2010
BHP Billiton will not be allowed to "steal" Potash Corporation of Saskatchewan, the Canadian company's chief executive warned yesterday, describing the mining giant's $38.5bn (£25bn) offer as "grossly inadequate".
Tuesday 17 August 2010
Plans by Vedanta Resources to build a bauxite mine in the Indian state of Orissa were dealt a new blow yesterday when a government-appointed panel advised against the project.
Monday 16 August 2010
Cairn Energy is poised to sell its Indian oil fields to Vedanta Resources for £5bn, in a deal that will net the explorer's shareholders a windfall of at least £1bn.
Friday 13 August 2010
Vedanta resources, the Indian mining company, is set to move into the oil business within the next few days if it can finalise a deal for a majority stake in Cairn India.
Wednesday 04 August 2010
Rio Tinto said yesterday that it plans to invest a further $790m (£495m) in its iron ore project at the massive Pilbara site in Western Australia.
Friday 30 July 2010
Worries over weakness in North American volumes weighed on Rexam, the beverage cans maker, which ended at the bottom of the blue-chip index last night.
Saturday 17 July 2010
The Australian Prime Minister, Julia Gillard, is expected to call an election today, taking advantage of a rebound in support for her Labor party – narrowly ahead in opinion polls – and a robust economy.
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