Xstrata's profit increases, helped by takeovers

Article Abstract:

Full-year 2007 net profit for Swiss mining firm Xstrata PLC increased by 13% to $5.54 bil, boosted by acquisitions that include Canada's Falconbridge Ltd. and Eland Platinum Holdings Ltd. Revenue increased 12% to reach $28.54 bil. Talks continue with Brazilian firm Companhia Vale do Rio Doce S.A.

Strategy & planning, Sales, profits & dividends, Planning, Switzerland, Company sales and earnings, Company earnings/profit, Company business planning, Xstrata PLC, Financial report

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Teck drops plan to raise Inco bid leaving CVRD as likely buyer

Article Abstract:

Teck Cominco Ltd. of Canada is not to proceed with an increased acquisition bid of 20.03 billion Canadian Dollars ($17.83 billion) for Inco Ltd. also of Canada. The metals industrial acquisition would then go to Companhia Vale do Rio Doce S.A. of Brazil.

Canada, Metal Mining Services, Support Activities for Metal Mining, Management dynamics, Brazil, PRIMARY METAL INDUSTRIES, Management, Metal industries, Company business management, Inco Ltd., N, Metal industry, Teck Cominco Ltd.

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