xstrata makes offer for lionore

Xstrata, one largest mining companies globally, has made a US$4billion (R28,8billion) cash offer for LionOre, a global nickel mining company and African Rainbow Mineral's joint venture partner on the Nkomati mine in Mpumalanga. The bid comes less than a year after Xstrata acquired nickel producer, Falconbridge, which valued that company at about US$20billion. - I-Net Bridge

Xstrata, one largest mining companies globally, has made a US$4billion (R28,8billion) cash offer for LionOre, a global nickel mining company and African Rainbow Mineral's joint venture partner on the Nkomati mine in Mpumalanga. The bid comes less than a year after Xstrata acquired nickel producer, Falconbridge, which valued that company at about US$20billion. - I-Net Bridge

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