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/ 13 February 2008
The world’s third-largest miner, Rio Tinto, said on Wednesday its full-year net profit fell almost 2% in 2007 to $7,312-billion as it again rejected a takeover bid by rival BHP Billiton. But underlying profit rose 1,4% from 2006 to $7,443-billion as the firm said it produced record amounts of iron ore, bauxite, aluminium, gold and copper.
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/ 7 February 2008
BHP Billiton, the world’s biggest mining company, sweetened its takeover bid for rival Rio Tinto on Wednesday to ,4-billion, but its proposal was again rebuffed. Amid reports that Rio Tinto could become the centre of a bidding battle, the company’s management rejected the BHP offer as ”not being in the best interests of shareholders”.
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/ 6 February 2008
BHP Billiton launched a hostile ,4-billion bid for rival Rio Tinto in a move that could trigger a Chinese-led counterbid in the world’s second biggest corporate takeover. Combined, BHP and Rio would create the world’s third-richest company, with a market capitalisation eclipsed only by Exxon Mobil and General Electric.
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/ 9 November 2007
Rio Tinto’s rejection of a -billion all-share offer from BHP Billiton is likely to trigger rival bids from resource companies awash with cash from record commodity and stock prices. A marriage would create the world’s biggest mining force, capable of controlling the global flow of fleet loads of iron ore, copper and coal.
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/ 25 September 2007
Climate change is spurring a ”worldwide economic and industrial restructuring” as more and more of the world’s largest companies seek to confront global warming, an investor survey said on Monday. Even so, some big firms were still doing far too little to identify risks and opportunities from climate change.