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Australia deals blow to China firm’s plan to take over miner
Australia said on Friday a $2,6-billion takeover of OZ Minerals by China’s Minmetals cannot go ahead if it includes mines in a military zone.
Minmetals
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Chinese sniff around Xstrata but unlikely to bite
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.
