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/ 12 February 2008
South Africa’s Minister of Trade and Industry, Mandisi Mpahlwa, said on Tuesday the country’s support for a planned aluminium smelter at Coega remained unshaken despite a power shortage. Eskom said in January that electricity intensive investment projects could be reviewed due to the country’s power shortage.
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/ 16 November 2007
Rio Tinto is reportedly considering a counter-bid for BHP Billiton as a defence against a Aus-billion takeover proposal from its bigger mining rival, but analysts said such a move was unlikely. The Wall Street Journal, citing unnamed sources, reported Rio was considering a broad array of potential options to fight off BHP.
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/ 8 November 2007
BHP Billiton has made a long-awaited bid approach to Rio Tinto in a move aimed at creating a $350-billion-plus mining giant, but Rio rejected the all-share proposal as too low. Rio shares leapt as much as 30% in London to a record high on Thursday after it said BHP had proposed offering three of its shares for every one Rio share.