M&A

Xstrata matches Crosby bid while Indophil ups Tampakan stake

SWISS miner Xstrata has moved closer in its bid for Melbourne-based Indophil, countering the offer made on Friday by rival bidder Crosby Capital consortium, with an equal takeover bid of $A1.28 per share.

MiningNews.Net
Xstrata matches Crosby bid while Indophil ups Tampakan stake

Meanwhile, in another development, Indophil has upped its stake in the Tampakan copper-gold deposit in the Philippines, in which Xstrata is a major joint venture partner. On Friday, Indophil Resources...

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