South African and Zambian competition authorities have approved China’s Jinchuan Group’s $1.1-billion takeover of copper miner Metorex.
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/ 6 September 2011
Glencore, the world’s largest commodity trader, has said that it had almost doubled its stake in South African takeover target Optimum Coal to 23.9%.
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/ 22 January 2008
China’s state-backed miners have looked at Xstrata but are unlikely to bid for it, leaving Brazil’s Vale or Anglo-American best placed to snap up the Anglo-Swiss miner. Vale, which produces a fifth of the world’s iron ore, said on Monday that it was in talks with Xstrata about a takeover.