Financial crisis undermines Xstrata's US$10 billion bid for UK rival Lonmin

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Financial crisis undermines Xstrata's US$10 billion bid for UK rival Lonmin

posted on Oct 01, 2008 06:15AM

Xstrata drops bid for platinum miner Lonmin
Wednesday October 1, 7:04 am ET

Financial crisis undermines Xstrata's US$10 billion bid for UK rival Lonmin

ZUG, Switzerland (AP) -- Anglo-Swiss mining giant Xstrata PLC dropped its US$10 billion bid for British rival Lonmin PLC on Wednesday, saying the turmoil on the financial markets makes a takeover of the world's No. 3 platinum producer too risky.

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