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Hostile bids set to rise in 2011

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Hostile takeover bids are likely to multiply in 2011, as companies aggressively look for value despite notable failures and delays in completing recent unsolicited deals.

ArcelorMittal close to Aperam listing

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ArcelorMittal is set to list its stainless steel unit Aperam at the end of January or in early February, according to sources.

Indian state firm targets SA resources

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India’s state-owned MMTC is setting up shop in South Africa, with its sights firmly on securing coal and other commodities for the country’s resource-hungry economy.

Mine deaths tally shows big drop

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Mine deaths in 2010 fell by nearly a quarter compared with the previous year, but the fatality rates are still high compared to industrialised countries.

Draining flooded mines to take weeks

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Australia's flood-stricken coal industry is facing lengthy disruptions, with one miner saying it may take weeks to drain its pits of water.

Japan anxious over rare earth supplies

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Japan's Trade Minister Akihiro Ohata will visit China as soon as possible to talk to officials there to secure supply of rare earth minerals.

Manuel speaks out on acid mine drainage

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Minister in the Presidency Trevor Manuel has hit out at critics of his stance towards acid mine drainage, saying his detractors are part of a campaign to sow panic.

BHP linked to new takeover targets

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BHP Billiton's acquisition strategy is back in the spotlight as market talk resurfaced that it was looking at a $40bn-plus bid for Anadarko Petroleum.

Metals set to end year on climax

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Commodity markets are set to finish 2010 on a high note, while investors are positioning themselves for further growth on expectations of a continuation of this year's recovery.

Anglo secures Minas-Rio port costs deal

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Anglo American has concluded long-term port tariff arrangements for its Minas-Rio iron ore project in Brazil and obtained clarity about the port's capital funding.