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- MINERS' MERGER MANIA
- Such are the rewards offered by the global commodities boom that miners will pay almost any price to acquire their rivals. Cliff Feltham reports on yet more consolidation in the sector Few expect the platinum producer Lonmin to escape the clutches of Xstrata, which last week stormed...
- Research articles 2008-08-12
- London
- WORLD MARKETS The FTSE 100 closed 2.9 per cent lower - down 184.9 points at 6,191.6 - for its biggest one-day fall since mid-March, as investors dumped overheated mining stocks. Antofagasta, BHP Billiton, Rio Tinto, Anglo American, Xstrata, Vedanta Resources, Kazakhmys, Lonmin and ENRC lost between 4.5 and...
- Research articles 2008-05-21
- London
- WORLD MARKETS The FTSE 100 fell 0.5 per cent as growth concerns hit commodity shares, but beaten-down banks recovered earlier losses. The index declined 32.9 to 6,050.7, after earlier falling 2.2 per cent. BHP Billiton, Rio Tinto, Anglo American, Eurasian Natural Resources, Xstrata, Antofagasta and Lonmin were down...
- Research articles 2008-04-25
- London
- WORLD MARKETS The FTSE 100 rose more than 2 per cent to its highest close in six weeks, ending up 139.3 at 6,046.2. Rising commodity prices boosted miners, with Lonmin, Xstrata, Vedanta and ENRC up between 3.5 and 6.4 per cent. Rio Tinto rose 6 per cent on...
- Research articles 2008-04-17
- London
- WORLD MARKETS The FTSE 100 ended up sharply, powered by miners that were led higher by takeover target Kazakhmys, which rose 16 per cent. The blue-chip index closed up 86 at 5,776.4, shrugging off Alistair Darling's first Budget. BHP Billiton, Rio Tinto, Anglo American, Xstrata, Lonmin and Vedanta...
- Research articles 2008-03-13
- Chinese raid on Rio Tinto lifts miners' prospects
- Market Report Miners dominated a buoyant market yesterday as the Chinese, in one swift dawn manoeuvre, cast their shad-ow on BHP Billiton's pros- pective bid for Rio Tinto and sparked off talk about alternative targets. If BHP cannot acquire Rio, it may, some speculated, turn elsewhere, to South...
- Research articles 2008-02-02
- WORLD MARKETS
- London The FTSE 100 fell in volatile trade, racking up its third successive day of losses as commodity shares were hit by fears of a US recession. The blue-chip index shed 0.7 per cent to 5,902.4. Miners were the worst hit: BHP Billiton, Rio Tinto, Anglo American, Kazakhmys,...
- Research articles 2008-01-18
- WORLD MARKETS
- London The FTSE 100 edged higher, closing up 0.3 per cent at 6,356.5. Miners were the top performers as gold surged to a record high. Rio Tinto, BHP Billiton, Anglo American, Lonmin and Kazakhmys were up between 1.6 and 3.7 per cent. Investors also piled into pharmaceuticals. GlaxoSmith-Kline...
- Research articles 2008-01-09
- Lonmin sparks talk of big miner consolidation.
- Byline: Jamie Freed Feb 19, 2006 (The Sydney Morning Herald - ABIX via COMTEX) -- Lonmin, the resources company headquartered in South Africa SA, is said to be the target...
- Research articles 2006-02-19
- Lonmin sparks talk of mining mergers.
- Byline: Jamie Freed Feb 19, 2006 (The Age - ABIX via COMTEX) -- Lonmin, the resources company headquartered in South Africa SA, is said to be the target of takeover moves. Sources claim the ...
- Research articles 2006-02-19
- Gilbertson quits Vedanta.
- Brian Gilbertson has parted company with Indian metals producer Vedanta at the first possible opportunity, fuelling City cynicism towards both himself and the company. Mr Gilbertson has become a highly-paid corporate hired hand since leaving BHP Billiton. He is a consultant to Lonmin, and...
- Research articles 2004-07-09
- BHP's Mills moves to Lonmin's top job
- LONMIN, the South African platinum miner, has appointed Brad Mills of BHP Billiton as chief executive, in a move that could prompt the group to diversify away from the precious metal. Mr Mills is head of BHP's base metals division. He will replace the retiring Ed Haslam, who has been...
- Research articles 2004-02-06
- Gilbertson to help at S African platinum miner.
- May 15, 2003 (The Sydney Morning Herald - ABIX via COMTEX) In April 2003 Brian Gilbertson said he planned to have enjoy his life outside of the pressure of business. However on 15 May 2003 the former CEO of Anglo-Australian mining giant BHP Billiton announced...
- Research articles 2003-05-16
- People: Lonmin hires ex-BHP dealmaker Gilbertson
- Brian Gilbertson, the former head of the mining giant BHP Billiton, has been hired by Lonmin to review the platinum miner's diversification prospects. Mr Gilbertson quit BHP Billiton in January after a boardroom dispute, having brokered the $28bn (pounds 20bn) merger of Billiton and Australia's BHP almost two years ago....
- Research articles 2003-05-15
- Miners in South Africa Face Reversal of Fortune.
- Financial Mail on Sunday, London Knight Ridder/Tribune Business News Mar. 23--It has been an eventful week for the world's biggest mining firms. Not only has the price of gold and other precious metals dropped sharply, but South Africa announced a new tax...
- Research articles 2003-03-23
Additional Resources
- People
- Lonmin Plc announced that it will appoint Bradford A Mills chief executive and director as of May 1, 2004. Mills is currently president and chief executive of the Base Metals Division of BHPBilliton and a member of that company's Executive Committee. Previously, he was the chief strategic officer of BHP,...
- Research articles 2004-03-01
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