Billiton is spending big to strike it rich

Article Abstract:

British mining conglomerate Billiton PLC has announced a number of acquisitions to increase its holdings. The acquisitions are Brazil's iron ore producer Cia. Vale do Rio Doce, Australia's aluminum company Worsley, and Canada's copper producer Rio Algom Ltd.

United Kingdom, Copper Mines, Copper Ore and Nickel Ore Mining, Brazil, Copper ores, METAL MINING, Metal Ores, Metal Ore Mining, Statistical Data Included, Copper mining, Metal industries, Copper industry, Noranda Inc., Metal industry, Ores, Billiton PLC, Rio Algom Ltd., ROM, Worsley, Companhia Vale do Rio Doce S.A.

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WMC rejects offer from Alcoa

Article Abstract:

Alcoa Inc.'s bid to acquire WMC Ltd. has been rejected as "inadequate" by the latter. Alcoa made a bid of over 11.22 Australian dollars (6.61 billion euros) to acquire WMC, a diversified mining firm.

WMC Ltd.

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Sweetened bid for Algroup sways biggest holder

Article Abstract:

Alcan Aluminum Ltd. has increased its bid to acquire Algroup by 15%. Alcan is now offering to buy Algroup for approximately $4.7 billion (5.02 billion euros).

Switzerland, Alcan Inc., AL, Algroup

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