First Quantum takes Inmet bid to shareholders January 9, 2013 CANADIAN mining giant First Quantum Minerals has taken its bid for fellow miner Inmet hostile, as it yesterday sent takeover documents for its C$5.1bn (£3.2bn) offer directly to Inmet shareholders. Vancouver-based First Quantum, which has assets in Africa, Australia, South America and Europe, last month sweetened its offer for Canadian miner Inmet, offering C$72 in [...]
The XFR is a truly astonishing beast January 8, 2013 WHEN Jaguar Cars came up with the inspired tagline “Grace, space and pace” in the 1960s, they set up their stall as a brand that considered overt displays of power somewhat vulgar. Even this XFR model, despite its capacity to boost you up to speeds that will make your hair stand on end, looks more [...]
A Fiat engine – but still an Alfa January 1, 2013 ALFA ROMEO is a brand based in sports cars and motor racing heritage. Its Mito has always been a looker since its introduction in 2008 and the new model is no exception. Its styling was inspired by the design of the 8C Competizione supercar, and it still looks fresh and uniquely characterful in a sporty, [...]
What the other papers say this Morning December 12, 2012 FINANCIAL TIMES Steel chief Mittal upbeat on US growth US manufacturing is poised to reap the benefits of cheaper energy, propelling the world’s largest economy into a new growth phase, says Lakshmi Mittal, chairman and chief executive of ArcelorMittal. Brussels backs Hutchison Orange deal Europe’s top competition authority approved the acquisition of France Telecom’s Orange [...]
BHP Billiton exits Browse for $1.6bn December 11, 2012 BHP Billiton said last night it is selling its interest in the troubled Browse liquefied natural gas project to an arm of PetroChina for $1.63bn (£992m). The London-listed miner is the second joint venture partner to exit the $30bn project after Chevron’s disposal in August increased the stake held by Shell. Browse has faced opposition [...]
Car talk December 11, 2012 Honda recognises the need for speed with its latest CR-Z Hybrid Honda’s latest CR-Z Hybrid will cost from £20,550 OTR when it goes on sale in January. Improvements to the car’s hybrid powertrain sees power go up to 135bhp. The 0-62mph sprint time is reduced from 10 seconds to 9.1 seconds and the top speed [...]
The new VW 4×4 is practical but dull December 4, 2012 Audi’s A6 Allroad may be the default choice for Europe’s wealthiest equestrians but the new VW Passat Alltrack is more of a four-wheel-drive estate for the rest of us. This then is the people’s version of a car that, theoretically, nobody needs. With so many choices of SUV out there that are just as roomy [...]
BHP assures it is looking inside and out for chief exec successor November 29, 2012 BHP BILLITON said yesterday it is looking inside and outside the company as well as using external advisers to help with succession plans for its chief executive, following reports the world’s biggest miner was preparing for changes at the top. Chairman Jac Nasser told BHP’s Australian annual general meeting that planning for a successor to [...]
Cobham extends BHP contract November 22, 2012 Defence technology group Cobham has won a A$65m (£42m) contract extension with BHP Billiton to transport miners in and out of remote mines in Australia. Cobham has provided services to companies operating in the Pilbara region since 2003. Earlier this month, Cobham issued a profit warning due to declining revenues from the US defence market. [...]
Miner Gemfields snaps up luxury jeweller Faberge November 21, 2012 EMERALD miner Gemfields is to buy luxury jeweller Fabergé in a deal that values the iconic egg maker at $142m (£89m), it said yesterday. Fabergé, famous for its jewelled eggs, is being sold by Pallinghurst, which is headed by former BHP Billiton executive Brian Gilbertson, who will retain a 49.3 per cent stake in the [...]