Xstrata Plc , the biggest exporter of coal for power stations, is more likely to revive a takeover bid for Lonmin Plc after the platinum producer’s shares declined 30 percent from an April peak, according to Sanford C. Bernstein.
Potash Corp. of Saskatchewan Inc. Chief Executive Officer Bill Doyle urged patience for investors expecting an alternative to BHP Billiton Ltd.’s $40 billion bid, two months after starting talks with potential suitors.
Potash Corp. of Saskatchewan Inc. , the world’s largest fertilizer company, dropped the most in four months in New York on speculation the Canadian government will block BHP Billiton Ltd. ’s $40 billion hostile takeover offer.
Paulson & Co., BlackRock Inc. and UBS AG are leading a hiring spree of London-based mining analysts as banks, brokers and hedge funds compete to bolster research teams in an industry valued at more than $350 billion in the U.K.
BHP Billiton Ltd., the world’s largest mining company, said fourth-quarter iron ore output rose 14 percent, driving an 11th straight annual production record as Chinese demand pushes prices to all-time highs.