Jamie Spiteri

GrainCorp Open to Proposals After A$2.7 Billion ADM Rebuff

GrainCorp Ltd., the largest grain handler in eastern Australia, said it will consider any new proposals after rebuffing a A$2.7 billion ($2.8 billion) offer from U.S.-based Archer-Daniels-Midland Co.

ADM Courts Australia’s GrainCorp to Feed Demand in Asia

Archer-Daniels-Midland Co., the world’s biggest corn processor, is seeking talks with GrainCorp Ltd. about a potential takeover after boosting its stake in the grain handler.

Rio Tinto CEO Closely Watching Economic Turmoil as China Slows

Rio Tinto Group, the world’s third- largest mining company, said it was closely watching the global economy a day after the International Monetary Fund cut its 2013 growth forecast.

Kloppers Says BHP has Capacity for M&A as Rivals Xstrata, Glencore Combine

BHP Billiton Ltd., facing a new threat from a combined Xstrata Plc and Glencore International Plc, flagged to rivals the world’s biggest mining company has the firepower to keep making acquisitions.

Whitehaven Shares Rise to Record in Sydney Trading on Potential Takeovers

-- Whitehaven Coal Ltd ., a coal producer with a market value of A$3 billion ($2.75 billion), rose to a record in Sydney trading after the company said it’s in talks with unidentified groups about potential deals.

Mirabela Takeover Seen With Minmetals Chasing Nickel: Real M&A

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.

Rio Tinto’s Iron Ore Production Misses Analyst Estimates

Rio Tinto Group, the third-biggest mining company, reported a lower-than-estimated 9 percent increase in first-quarter iron ore production as inclement weather disrupted mining operations.

Caterpillar Offers $885 Million to Buy ERA

Caterpillar Inc., the world’s largest maker of construction and mining equipment, offered as much as HK$6.89 billion ($885 million) to buy ERA Mining Machinery Ltd. to expand sales in China.

ArcelorMittal, Peabody Agree to Buy Australia’s Macarthur Coal

ArcelorMittal, the world’s largest steelmaker, and Peabody Energy Corp. agreed to buy Macarthur Coal Ltd. after sweetening their bid, valuing the Australian producer at A$4.8 billion ($5.2 billion).

BHP Damps M&A Talk, Spending $80 Billion on Mines

BHP Billiton Ltd. , the world’s largest mining company, damped talk that it’s looking to make major acquisitions, instead committing to spend $80 billion to expand and develop its own mines and oil fields.

"These approaches have to be dealt with delicately because groups can walk away."

- Jamie Spiteri on Nov 14, 2012

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Asia

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