Monday 4 May 2015
 
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Rio, BHP repeating iron ore strategy in copper

Rio Tinto and BHP Billiton are amassing vast copper holdings in a push to capture a greater chunk of the $140 billion world market, apparently aiming to squeeze out high-cost producers just as they did in the global iron ore business.

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BHP to spend $80 billion on expansion

BHP Billiton , the world's biggest miner, plans to pour $80 billion into expansions over the next five years and return cash to investors rather than chase ambitious takeovers The Anglo-Australian giant, flush with cash, said it would more

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Australia to focus on high-skill immigration

Australia will dump 20,000 low-skilled migrant applications to re-focus its immigration intake on high-skilled jobs critical to the economy and help meet growing Chinese resource demand, the government said on Monday. The move was welcomed

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Australia to focus on high-skill immigration

Australia will dump 20,000 low-skilled migrant applications to re-focus its immigration intake on high-skilled jobs critical to the economy and help meet growing Chinese resource demand, the government said on Monday. The move was welcomed

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Xstrata seeks $68bn merger with Anglo

Xstrata wants talks with mining rival Anglo American about a proposed merger of equals worth about $68 billion, seeking increased scale and cost synergies, Xstrata said on Sunday. Anglo is likely to resist the attempt by Xstrata to forge a

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BHP launches $147bn Rio Tinto bid

BHP Billiton Ltd/Plc launched a hostile $147.4 billion bid for mining rival Rio Tinto Ltd/Plc on Wednesday, in what could be the second biggest takeover in corporate history. A marriage of the two mining giants would create the world's thi

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Global iron ore deficit seen this year

A worldwide iron ore supply deficit of between 20 million and 25 million tonnes is likely in 2008, Credit Suisse forecast in a report on Monday, on the back of high demand from steel mills. Iron ore miners are earmarking billions of dollar

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BHP 'mulls $40bn sale of petroleum arm'

BHP Billiton, the world's biggest mining group, is considering the sale of one of its largest units, BHP Petroleum, to help finance a hostile takeover of Rio Tinto, the UK Sunday Times newspaper said. BHP's financial advisers Goldman Sachs

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Rio Tinto 'could fetch over $170bn'

Global miner Rio Tinto Ltd/Plc could cost more than $170 billion if it is taken over, analysts said on Friday after it rejected a bid worth $140 billion from bigger rival BHP Billiton. Few were willing to speculate on a fair price for Rio,

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