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/ 26 March 2007

Xstrata bids $4bn for nickel miner LionOre

Anglo-Swiss mining company Xstrata has made a friendly cash bid worth 4,6-billion Canadian dollars for nickel producer LionOre Mining International, the groups said in a joint statement on Monday. The offer for the Canadian group, worth -billion or €3-billion, comes as the price of nickel strikes record high points.

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/ 3 July 2006

$40bn creates a nickel and copper giant

United States mining company Phelps Dodge sealed a -billion deal last week that will create the world’s largest nickel producer and the leading publicly quoted supplier of copper. The agreement is part of a frantic scramble for mining companies as the price of commodities is driven higher by the red-hot Chinese economy and its demand for raw materials.

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/ 17 February 1999

BURUNDI TO DEVELOP NICKEL MINE

AFTER waiting for 25 years, Burundi has decided to develop the rich Musongati nickel deposit in the southern part of country by entrusting its exploitation to a Canadian-Australian company. With reserves of about 18-million tons of nickel laterite, the Burundian deposit is said to be among the three largest in the world, behind those of […]

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/ 18 June 1997

Gencor tightens grip on world nickel market

WEDNESDAY, 11.00AM GENCOR is on the verge of increasing its share of world nickel production through a partnership deal with Australian producer Queensland Nickel. If the deal goes through, it will result in the formation of the third largest nickel producer in the world with an annual output of between 50 000 and 60 000 […]