Minmetals Resources Ltd., backed by China’s biggest metals trader, is transforming companies from Mirabela Nickel Ltd. to Alumina Ltd. into takeover targets as it eyes $7 billion of nickel, bauxite and alumina deals.
Glencore International Plc and Rio Tinto Group are among miners buying out companies in which they own stakes during the downturn in equity markets. Katanga Mining Ltd. and Extract Resources Ltd. may be the next targets, said Liberum Capital Ltd. and Ord Minnett Ltd.
Adobe Systems Inc. Chief Executive Officer Shantanu Narayen plans to introduce a souped-up version of his flagship software that’s designed to make video run more smoothly on mobile phones -- and quash criticism by Steve Jobs .
Glencore International Plc , the world’s biggest publicly traded commodities trader, made an initial agreement to buy CST Mining Group Ltd. ’s Peruvian copper project for $475 million, according to CST.
Harmony Gold Mining Co. ’s Papua New Guinea mine is shaping up to be the world’s third-richest gold and copper deposit, raising speculation its partner in the venture, Newcrest Mining Ltd. , may make a takeover bid.