NEWCREST will consult its major shareholders on its next move after being surprised by Lihir Gold’s rejection of its $9.2 billion bid.
Archive for March, 2010
* Kiwi falls after IMF says currency overvalued * NZ markets to close for Easter break, reopen Tuesday
DEUTSCHE Bank has slapped a “sell” recommendation on Macarthur Coal after Peabody Energy’s $3.3 billion takeover offer.
LIHIR’s rejection of Newcrest’s $9.2 billion bid may force Australia’s two biggest listed gold miners into a hostile takeover battle.
A RUSSIAN oligarch will be forced to explain publicly in an English court next year his business dealings and ties to the Kremlin.
MINING services company Mastermyne Group, owned by private equity group CHAMP, has lodged a prospectus to raise $40 million in an IPO.
LIHIR Gold has rejected a $9.2 billion bid from Newcrest, setting up a tussle between Australia’s two biggest listed gold miners.
* U.S. crude ends Q1 up 5.54 pct for the quarter * EIA report shows crude stocks up more than expected (Recasts, updates prices, market activity)
WELLINGTON, April 1 (Reuters) – The New Zealand dollar wassubdued in familiar ranges on Thursday as the U.S. dollardipped on soft jobs numbers and investors prepared for a longholiday weekend. * Kiwi <NZD=D4> resumes locally around $0.7090/00, havingtraded a range of $0.7069 and $0.7117 through the offshoresession.
* Data spurs unease about labor market’s recovery
