CAPITAL MARKETS

Xstrata buys BHP Billiton copper mine

WHILE rumours circulate that Xstrata is readying itself for an $US18 billion ($A23.6 billion) bid for Canada’s nickel giant Falconbridge, the Anglo-Swiss miner has shelled out a comparatively modest $750 million for BHP Billiton’s Tintaya copper operation in southern Peru.

Michael Vaughan

Xstrata buys BHP Billiton copper mine

Xstrata will pay BHPB $634 million plus assume $116 million of debt as consideration for the copper mine within the next two months. The transaction also has a deferred payment component, expected to...

Start a free trial to continue reading this article

Already have an account? Sign in here

MORE ON THIS TOPIC

NEXT: Rox raises Laos cash
PREVIOUS: Sluggish quarter for Goldcorp

MOST POPULAR

1

DRYBLOWER

Dryblower on BHP's African nickel move as it mothballs Australia

2

EXPLORERS

Australia could be global player in another overlooked critical mineral

3

MINERS

WAF insists all is fine in Burkina Faso after government permit cancellation comments

4

M&A

Arcadium and Rio confirm takeover chatter

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902