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Demand for minerals and metals boost Vale, Xstrata net
RIO DE JANEIRO/LONDON (Reuters) - Robust demand for minerals and metals boosted Vale's net income to a record in the second quarter and helped its former takeover target, Xstrata, beat expectations for its first-half earnings.
Nations:Brazil Switzerland Source:(Reuters)
2008-08-06
Rio Tinto spins iron ore deal into bid defense
SYDNEY (Reuters) - Shares in global miner Rio Tinto (RIO.L)(RIO.AX) gained over 1 percent on Tuesday after it won a huge price rise for iron ore shipped to China, giving it a chance to trumpet its defense against a $163 billion takeover bid.
Nations:China Australia Source:(Reuters)
2008-06-23
China Accepts Vale's Iron Ore Price Hike
SHANGHAI, China (AP) -- Baosteel Group Corp., China's biggest steel producer by output, said Friday it has agreed to a 65 percent hike in iron ore prices for fiscal 2008 by Brazilian miner Companhia Vale do Rio Doce SA.
Nations:Japan South Korea
2008-02-22
Rio raid shows China can play the City at its own game
For a piece of City deftness to match the stunning Sino-American commando assault on Rio Tinto, you probably have to go back to the 2006 "dawn raid" on BAA by Ferrovial, which knocked a Goldman Sachs (NYSE:GS)-led consortium out of the race and won the airports group for the Spanish company. Goldman, which advises BHP Billiton (NYSE:BHP), was again on the wrong side on Friday after China's Chinalco and Alcoa of the US crept into the market unseen and bought a large stake in BHP's prey.
2008-02-02
Blackstone plans bid for Rio with Chinese
Investment group Blackstone (BX.N) is planning a counterbid for Rio Tinto Ltd/Plc (RIO.AX) (RIO.L) with a consortium believed to include China's sovereign wealth fund, Britain's Daily Telegraph newspaper said on Monday.
Nations:Australia China Netherlands
2007-12-10
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