Summary
LONDON-LISTED mining group Xstrata may face Australian government opposition to its proposed takeover of WMC Resources, the country's last remaining major independent miner.
WMC last week rejected overtures from Xstrata, which put a A$7.4 billion (Pounds 2.9 billion) offer on the table, but the battle is far from over with Xstrata chief executive Mick Davis reportedly digging in for the long haul.See the full content of this document
Extract
Xstrata Ready for Long Wmc Battle
WMC owns the Olympic Dam project i...
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