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.
Westfield Group, the world’s biggest shopping center owner by market value, reported the biggest increase in U.S. sales in almost three years and said it will start A$1 billion ($927 million) of developments.
BHP Billiton Ltd. had its biggest two-day drop in more than two months and the cost of protecting its debt rose amid concern the largest mining company may overpay in its bid for Potash Corp. of Saskatchewan Inc.
Wah Nam International Holdings Ltd. , a Hong Kong-based mining and transport company, offered A$929 million ($931 million) in stock to buy the shares it doesn’t own in Brockman Resources Ltd. and Ferraus Ltd. The shares rose.
Cochlear Ltd. plunged the most in more than seven years in Australian trading after a recall of its hearing devices threatened to tarnish the company’s reputation and erode its share of the global ear-implant market.