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December 2, 2008 3:55:29 AM CST


BHP Billiton Ltd.

BHP Billiton Ltd. news stories

3 Stories

Mining Mergers May Take Page From Big Oil

Proposed consolidation could drive commodity prices even higher

(Newser) - When Anglo-Australian mining giant BHP Billiton announced its bid to merge with archrival Rio Tinto, the Wall Street Journal got déjà vu. The deal, which would combine the world’s largest and third-largest miners, looks a lot like the late-'90s megamergers that produced today’s Big Oil titans. “Really the same game is playing out,” says one emerging-market expert. More »

More about:  oil ExxonMobil mining Rio Tinto BHP Billiton Ltd.

Deal Could Forge Mining Goliath

Sky-high demand
for minerals
driving mergers

(Newser) - The biggest mining company in the world is aiming to get even bigger. BHP Billiton's $142 billion bid for Rio Tinto has been turned down, but the firm is still keen to make a deal, reports the Wall Street Journal . The deal would be the second-largest in history, and the combined company would dominate world production of some key minerals. More »

More about:  mergers and acquisitions commodities mining Alcan Rio Tinto BHP Billiton Ltd.

Foreclosures Trigger Asian Drop

Fear of brake on US consumer spending

(Newser) - Asian stocks are falling again, reflecting worry the growing credit crisis in the US will puncture the economy and slash consumer spending. Mizuho Financial Group, Japan's second largest lender, dropped to a two-week low after an increase in home foreclosures in the US —and many other Asian financial stocks and indices dipped, reports Bloomberg. More »

More about:  Japan subprime mortgages Asian markets Nikkei Samsung Japanese economy Asian stocks PetroChina BHP Billiton Ltd.

3 Stories

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