Billiton set to buy refinery from Alcoa

Article Abstract:

Billiton PLC will buy an alumina refinery located in Australia from Alcoa Inc. for $1.5 billion (Euro1.66 billion).

Australia, Asset sales & divestitures, Alumina, Brief Article, Nonferrous metal industry, Nonferrous metal industries, Billiton PLC

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BHP Billiton bid for rival driven by mining boom

Article Abstract:

The world's biggest mining firm, Australia's BHP Billiton Group, made a $142 bil offer for Rio Tinto Ltd., which turned down the bid. BHP has indicated it would continue to bid, setting up what could possibly be the second largest ever merger deal by value and creating the globe's biggest producer of aluminum and copper.

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China jumps into Rio Tinto fray: Chinalco, Alcoa buy stake, complicating BHP's takeover bid

Article Abstract:

US-based Alcoa Inc. and Aluminum Corp. of China have joined together to purchase a minority 12% stake in Australian mining firm Rio Tinto Ltd. for $14.5 bil. The deal may complicate an offer made by BHP Billiton in November 2007 to buy Rio Tinto.

Primary aluminum, United States, China, Aluminum industry, Aluminum Corporation of China Ltd.

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