Search

The article reports on Australia-based mining company Rio Tinto Ltd. chief executive officer Tom Albanese's strategy foiling the $160 billion takeover bid from BHP Billiton and his rival Marius Klopper. Albanese explains that their strategy is powerful because it is consistent, consistently applied over years and decades.

Presents an overview of the operations of two mining companies in Australia, BHP Billiton Ltd. and Rio Tinto PLC. Acquisitions; Financial performance; Investments; Overview of the mining industry.

Focuses on developments related to the mining industry in Australia as of July 7, 2000. Consolidation of the market; Mining companies' efforts to enhance their stock market performance; Globalization's impact on the mining industry. INSET: IT'S SUNSET FOR THE POORLY RESTRUCTURED..

The article discusses the gap in the mid-tier of Australia's gold mining sector due to consolidation. Right now Newcrest Mining is the dominant player in the local sector with a market capitalization of about 30 billion dollars. If the merger deal between Catalpa Resources and Conquest Mining became successful it will put them at the front of the line of companies aiming to ascend into the middle tier.

This article examines prospects for emerging mid-tier mining firms in the Australian market in 2011. It cites Newcrest Mining as the only mining firm that survived the acquisition trend during the 1990s. One of the emerging firms in the market is Kingsgate Consolidated, which recently completed a merger deal with Dominion Resources and a separate deal with Laguna Resources. Particular focus is given to mid-tier gold firms that were acquired. It notes the exploration efforts of Gold Anomaly at the group's Crater Mountain project.

The article focuses on the potential takeover targets of the mining industry in Australia amidst poor economy. It states that mergers and acquisitions of Australian companies with international investors are increasing and shows a good sign for the industry. Analyst says that BC Iron Ltd., Iron Ore Holdings Ltd., and Pluton Resources are among the strong takeover target companies on Austrlia. It adds that the Whitehaven Coal Ltd. in New South Wales has a good takeover value.

The article offers information on BHP Billiton Ltd. which is considered as the world's largest miner. It notes that BHP Billiton was hailed as the most respected company in Australia due to its effective leadership and strategy. BHP Billiton is dedicated to develop its assets for long-term plans through entering an agreement with other miners and acquisitions. It adds that the challenges of past adversity and global financial crisis made the company to be responsive in meeting its needs.

The article reports on Rio Tinto's decision to reveal its value following BHP Billiton's announcement that it wanted to merge with the mining company. Rio Tinto faces going down in history as the largest example of a company which fell because it never told shareholders how much it was potentially worth. The article discusses the change in how Rio Tinto sees itself and has allowed others to see it.

The article reports on Oxiana's merger with Zinifex, and the appointment of Andrew Michelmore as chief executive officer of the combined group. It discusses Michelmore's desire to emulate Xstrata's success once the merger of the two companies is approved by the courts on June 20, 2008, and if no other suitor appears. The combined group is expected to be a major player in the Australian mining industry.

The article focuses on the status of the acquisition-hungry companies in the global mining sector. It is proven that these companies outperform those which depend on organic growth alone. Resource analysts have been wrong about the strength of mining commodity prices. They also underweighted the value of mining equity markets.

The article comments on Australia-based mining company BHP Billiton Ltd.’s plan to acquire Rio Tinto PLC. In releasing its merger approach to the public, BHP has thrown back to the Rio Tinto board the burden to justify why it will not enter merger talks. BHP has proposed to three shares for each Rio Tinto shares which is valued at about $127 a share.

The article discusses the efforts of overseas investors to encourage Australia's mining services sector to compete on a global stage. Merger and acquisition activity is reshaping the mining services industry. Foreign investors are recognizing the growth and expansion of the sector. They have shown willingness to place high valuations on mining service companies.

Presents news briefs on business, as of December 13, 2001. Overview of the Australian economic growth; Takeover offer of U.S. company Newmont Mining for Normandy Mining of Australia; Loan problems of Argentina with the International Monetary Fund.

Presents financial analysts' assessment of the planned merger of BHP Ltd. and Billiton PLC, mining companies in Australia and South Africa, respectively. BHP stockholders' ownership of the merged firm; Advantages of dual listing for it; Irrelevance of the location of head office; Use of accounting standards.

Reports that an obsession with shareholder value has led Australian coal mine operator BHP Ltd. to a conflict with its unions. Complaints of the Construction, Forestry, Mining and Energy Union; Decision to offer individual contracts in the Pilbara; Talks with Rio Tinto on merging their iron-ore operations.

Discusses the benefits and drawbacks to a possible merger between Hamersley Iron and Broken Hill Proprietary (BHP) Iron Ore. How the two Australian companies are bitter rivals; Stockbroker J.B. Were suggesting the benefits such as significant cost savings; Problems such as a negative reaction from customers; Possible objections from the Western Australian government.

Presents information on the takeover of Aberfoyle by Western Metals and how it is an example of the problems of aggressive takeovers. Western Metals paying too much for Aberfoyle due to the lack of due diligence; Aberfoyle's troubled Mount Gordon, Queensland copper project; Comments from Rod Webster of Western on the company's acquisition; Problems with their investment in Padaeng Industry in Thailand as well.

Reports that foreign raiders are looking to Australia for bargain takeover opportunities in 1998 due to the weak Australian dollar. Revenue from acquired companies also in Australian dollars except those with operations in hard-currency countries; Resource stocks seen as attractive to foreign buyers; Robert de Crespigny of Normandy Mining forecasting gold-mining takeovers.

Reports on the possibilities of the Malaysian Mining Corporation (MMC) merging Australian Plutonic Resources with Indonesian Aurora Gold. Sir Eric McClintock of MMC on the likelihood of the merger; MMC under pressure from the Malaysian government to restructure its gold and diamond assets, reduce costs and lift performance; Problems at Plutonic; Graph of the stock performance of both companies.

Focuses on the role two Australian stockbrokers played in the takeover bid for Gasgoyne Mines by Coeur d'Alene Mines. Details on the takeover attempt; Comments from key persons including Peter Lalor, managing director of Sons of Gwalia who won the bid for Gasgoyne; What the opinion from the Gasgoyne directors indicated; Question of the separation of functions; Separation of dealing in shares and corporate advice.

The article explains why the introduction of the minerals resource rent tax is expected to increase merger and acquisition activity in the mining industry in Australia.

The article focuses on Travers Duncan and Brian Flannery of Felix Resources. It says that the rank of Duncan and Flannery in Rich 200 can still be further up if they settle for higher amount from Yanzhou Coal Mining Co. Ltd. on the sale of their mining company Felix Resources. It notes that though the takeover speculation helps sustain the share price of the company, it is considered as well down. It further cites other shares owned by Duncan and Flannery which also decreased in value.

The article reports that the European Union (EU) has lengthened the time for it to analyze the bid made by BHP Billiton to acquire Rio Tinto. The result of the investigation will only be known in December 2008. The EU has observed that there is a concentration of market power in coal, iron ore, aluminum, uranium, and mineral sands that could result into less choice and higher prices.

The article reports on the possibility that BHP Billiton may be facing an insurmountable challenge to bring online its proposed production expansion at its Olympic Dam copper-uranium-gold mine in South Australia. It suggests that the speculation may be coming from Rio Tinto so there is a conflict as it tries to defend itself against a proposed hostile takeover by BHP Billiton.

The article reports that the Australian mineral resources sector is suffering from supply shortages and surging demand, especially from China. According to the author, coal negotiations are swinging in favor of suppliers and there is a spate of merger activity or intended merger activity, including Perilya and CBH Resources.

The article reports that merger activity in the global mining industry has reached an unprecedented level in 2007. According to PricewaterhouseCoopers' annual Mining Deals study, mergers across the industry totaled $158.9 billion in 2007 which translate to an 18 percent increase from 2006 and more than 100 percent from 2005.

The article reports on the takeover bid of the China-based Sinosteel Corp. for the Australia-based mining company Midwest Corp. Sinosteel has bid $5.60 a share and requires at least 50.1 percent of Midwest shareholders to accept the offer. Key implications of the bid on port and rail infrastructure and for other mining companies in the area are cited.

The article reports that mid-tier Australian mining companies Oxiana and Zinifex have agreed to merge to create the world's second-biggest producer of zinc and a leading company in the copper and gold industries. The merger deal, worth $12 billion, is expected to create a major player among mid-tier mining firms.

The article reports on developments related to the mining industry merger and acquisitions (M&A) in Australia. According to Tim Goldsmith, PricewaterhouseCoopers mining leader, M&A activity in the industry was a hit-and-miss affair. Deals entered by Rio Tinto could be considered successful, but others are not. Five years after 2002, the industry has achieved a near-perfect success rate with M&A.

The article features Australian mining products and services provider Industrea, led by its chief executive Rob Levison. Levison restored Industrea to profitability by closing down unprofitable divisions and shifting to the mining sector by acquiring five companies that include Boart Longyear's capital equipment business.

The article reports on the agreement entered into by Gresham Private Equity of Sydney, New South Wales to acquire a majority stake in Barminco, a specialist underground mining contractor with a focus on the Australian market. According to news agencies, the asking price for full ownership of the business was about $300 million. It mentions that Gresham has conducted a $60 million management buy-out of Queensland contractor EROC in 2001.

The article reports that merger and acquisitions (M and A) activity was dominated by emerging mid-tier mining companies in Australia in 2006. Research findings show that the number of M and A deals among the top 160 resources companies rose by 100% in 2006. The M and A transactions created a new tier of mining companies that are both advancing into the production phase and are expanding their activities in foreign markets.

The article reports on the activities of major mining services and technology companies in Australia. Explosives and chemicals company Orica has acquired the international assets of rival Dyna Nobel in 2005. Engineering construction firm Ausenco went public in June 2006, raising $25.9 million. Mining consulting and software firm Runge welcomed AMP Capital as an investor in 2005.

The article reports that mining and energy stocks dropped in Australia, making their price-to-earnings ratios low enough to lure another round of takeovers. The last trading correction in resources has spurred large-scale merger and acquisition activity. Most mid-cap resource companies have net cash on their balance sheets, making them a good target for takeover in the next 12 months.

Reports on the capital gain from the takeover bid for WMC Resources. Stockholders' interest from the company's perpetual financial underperformance and accident-prone operations; Purchase price proposed by Xstrata for the mining company; Questions about the acquisition for reasons including the asset quality and the need to fund the expansions at the Olympic Dam copper/uranium mine and the Mount Keith nickel mine.

Reports on rumors that the Royal Dutch/Shell will be taken over by another oil company. Companies that will allegedly take over Royal; Annual revenue of the oil company; Allegations that Royal is misrepresenting its oil reserves; Factors that gave rise to the takeover speculation.

Reports on investment plans of Brazilian-based mining company, Companhia Vale do Rio Doce (CVRD), in Australia. Merger negotiation with Canadian copper, nickel and zinc producer, Noranda; Criticisms over the merger plans of CVRD; Merger deal between CVRD and Fortescue Metals Group.

Reports on Perth, Australia based mining company Resolute Mining's purchasing of an option on West African gold mining firm Societe des Mines de Syama SA.

Reports on the acquisition bid of Placer Dome for AurionGold. Mines owned by Placer in Australia; Assets of AurionGold; Analysis on the approach that Place will use to succeed in its bid.

Reports on the mining operations in Australia acquired by Rio Tinto PLC. Estimates of the acquisitions' combined worth; Cargill's salt business and Three Springs' talk mine purchased by the firm.

Reports expectations of mergers and acquisitions in the mining sector in Australia. Effect of expectations on the performance of the United States economy; Opportunity for the resources sector; Caution of analysts on the search of markets for concrete signs of higher commodity prices.

Reports on Australia-based mining firm Rio Tinto's planned acquisition of Ashton Mining as of November 10, 2000. Merger's impact on the business operations of Rio Tinto; Rio Tinto's plan to expand its diamond business operations.

Reports on developments related to the mining industries in Australia as of August 11, 2000. Stock market performance of mining companies; South Africa-based mining companies' participation in merger and acquisition deals in the market.

Reports that Australian companies are in the limelight for their merger activity, rather than exploration and production successes. Rio Tinto PLC's bid for North Ltd.; Regulatory hurdles before foreign companies can acquire Australian ones; Local companies' objectives in selling out.

Reports on foreigners' plans to acquire stakes in Australia's mining companies. AngloGold PLC's acquisition bid for Newcrest Mining Ltd.; Criticisms against steps taken by the Royal Dutch/Shell Group of Cos. to control Woodside Petroleum Ltd.; Rio Tinto PLC's bid for North Ltd. in order to consolidate iron ore production.

Reports that the unions in Western Australia are concerned over the possible merger of Broken Hill Proprietary's (BHP) operations at the Mount Newman mine and Port Hedland and Hamersley Iron. How the merger would make it difficult for the Australian Workers Union (AWU) and the Construction, Forestry, Mining & Energy Union (CFMEU) to keep the workforce unionized; Hamersley de-unionizing its workforce in the early 1990s; The defection of Don Barlem from the AWU to the CFMEU and its impact on the industry.

Presents information on Australian company Westralian Sands and their planned merger with rival titanium minerals miner, RGC Ltd. Institutional investors in Australia angry over the way the company presented the merger without a shareholder vote; Paterson Ord Minnett among other brokers rediscovering and recommending the stock; How the merger will bring a saving for reduced overheads and improved management of resources.