 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
BHP Billiton says knows nothing about China stake rumours
Sydney (AFP) April 10, 2008 BHP Billiton on Thursday said it knew nothing about any move from Chinese authorities to acquire a multi-billion dollar stake in the world's largest miner. Responding to a query from the Australian Securities Exchange, BHP said: "BHP Billiton is not aware of a proposed acquisition by Chinese authorities of a substantial stake in BHP Billiton." BHP's shares soared more than five percent Wednesday as rumours about China's interest swept the market following a report that a share raid was imminent. The Australian newspaper, citing sources in Beijing, said Wednesday that China was working on a plan for a state-owned entity, possibly the Baosteel steel mill, to launch a share raid on BHP Billiton. The move was aimed at intervening in BHP's proposed 147.4 billion US dollar takeover of rival Rio Tinto, the newspaper reported. China has expressed concern the mega-merger would create a behemoth with too much power over commodity prices, and in February state-owned Chinalco joined with US firm Alcoa to buy 14 billion US dollars worth of Rio shares. The Australian reported that China hoped to snap up more than nine percent of BHP. BHP shares were little changed following the statement, down one cent at 41.90 dollars (38.97 US) about midday in a lower overall market. Related Links
Finding A Green Energy Job Just Got Easier
Loveland CO (SPX) Apr 07, 2008In just a few years renewable energy has gone from a trendy niche to a national imperative. Today thousands of employers in dozens of sectors are looking for employees. But even though opportunities abound, unearthing them has been a challenge. Now in his latest book, Careers in Renewable Energy, author Gregory McNamee gives job seekers a guide to where green energy jobs can be found. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement |
