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Glencore

Switzerland's Xstrata bids $9.8b for Lonmin

The Chief Executive Officer at Switzerland-based Xstrata Plc announced that the company has made a hostile $9.8 billion bid for Lonmin Plc to double revenue from Africa and become the world's third-largest platinum producer, AP...

TCP buys 330,000T wheat

Thursday, August 07, 2008 ISLAMABAD: Pakistan’s state trading agency has bought an additional 330,000 tonnes of wheat at $374 a tonne, cost and freight included, in a tender that opened last month, an industrial official said...

India's Reliance tipped to win Sri Lanka's tender to buy naphtha

Singapore (Platts) --06 Aug 2008 -- [Oil] Indian refiner Reliance is likely to win Sri Lanka's state-owned Ceylon Petroleum Corp.'s tender to buy 90,000 barrels of naphtha for delivery late August into Colombo, a company...

TIMELINE - Major acquisitions by Xstrata since 2002 (Reuters)

Lonmin, the world's third-biggest platinum producer, rejected an unsolicited takeover bid worth $10 billion (5 billion pounds) from mining group Xstrata on Wednesday, saying the 33-pound per share cash offer undervalued the...

Mytilineos unit signs 10-year, $2 bln alumina supply contact with Swiss Glencore

ATHENS (Thomson Financial) - Greek metals, mining and engineering holding company Mytilineos Holdings SA said its unit Aluminium of Greece SA has signed a $2 billion alumina supply contract with Switzerland's Glencore with a...

ArcelorMittal: when bigger is better

Being the big cat of the steel sector, with one-tenth of global output, gives ArcelorMittal three advantages over smaller rivals -- a bigger balance sheet, reach and market clout Roar! The giants of the metals and mining world...

Zambezi says to focus on Kangaluwi project; to raise A$4.1 mln via rights issue

LONDON (Thomson Financial) - Zambezi Resources Ltd. said it will suspend all drilling operations in Zambia, except for one drill rig at its 100-percent owned Kangaluwi copper deposit, as part of a 'strategic redirection' of its...

U.S., EU grains pressured by weak oil

PARIS/SINGAPORE (Reuters) - U.S. soybeans were mixed while corn was up slightly after rising nearly 2 percent in early Asian trade on concerns over hot weather in key growing states. By 6:30 a.m. EDT Chicago Board of Trade corn...

European naphtha drops below $1,000/mt on crude, weak demand

London (Platts) -- 30 Jul 2008 -- [Oil] The price of physical open-spec naphtha in Northwest dropped below $1,000/mt Tuesday assessed, for the first time since mid-May, according to Platts data. Prices fell to $989.75/mt with...

Enterasys Achieves Profitable Revenue Growth in Q2 2008

ANDOVER, MA, July 29 / MARKET WIRE/ -- Enterasys Networks Inc., the Secure Networks Company(TM), today announced financial results for the fiscal second quarter ended 28 June 2008. "We are pleased with the solid results...