xstrata makes offer for lionore

27 March 2007 - 02:00
By unknown

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