Following the acquisition of WMC Resources we had been anticipating a very strong trading statement; what we got was a little more subdued than we had anticipated. |
I don't think Xstrata are going to do anything apart from walk away with a check. This bid is 21 percent above their initial offer (for 20 percent of Falconbridge), |
I don't think Xstrata are going to do anything apart from walk away with a check. This bid is 21 percent above their initial offer (for 20 percent of Falconbridge). I would think it was unlikely they would counter offer. |
I don't think Xstrata are going to do anything apart from walk away with a cheque. |
I would think it was unlikely they would counter offer. |
Prices are well above fundamental levels. Global demand for copper fell last year by 1pc. Although Chinese demand was up 22pc, this was offset by a fall in the rest of world as consumers switched to substitutes. |
They're a bit more prudent than some of the other miners. |