Opalesque Commodities Briefing » M&A http://www.opalesque.com/Commodities_Briefing Wed, 22 May 2013 01:30:27 +0000 http://wordpress.org/?v=2.5.1 en Mining M&A appetite restrained in favor of smaller, lower-risk deals—E&Y http://www.opalesque.com/Commodities_Briefing/?p=125374 http://www.opalesque.com/Commodities_Briefing/?p=125374#comments Mon, 13 May 2013 00:21:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125374 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125374>Article Link</a> Despite their more optimistic view of the global economy, an Ernst & Young survey of 193 mining and metals sector executives finds only 24% are focused on mergers and acquisitions. Those surveyed anticipate 91% of mining and metals M&A deals will be below US$500 million in value. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125374 Oil spill regulations to result in energy company mergers http://www.opalesque.com/Commodities_Briefing/?p=125320 http://www.opalesque.com/Commodities_Briefing/?p=125320#comments Tue, 07 May 2013 03:35:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125320 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125320>Article Link</a> A raft of mergers in the US oil sector has been predicted as smaller companies will find it difficult to comply with new regulations introduced after BP’s Macondo oil spill in the Gulf of Mexico. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125320 NYSE Euronext to sell its 4.79pct stake in MCX http://www.opalesque.com/Commodities_Briefing/?p=124495 http://www.opalesque.com/Commodities_Briefing/?p=124495#comments Thu, 07 Mar 2013 03:41:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124495 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124495>Article Link</a> NYSE Euronext, which operates the New York Stock Exchange, is selling its 4.79% stake in MCX, the country’s largest commodity exchange. The sale, likely to take place on Thursday, will be at a 3-5% discount to Wednesday’s closing price of Rs 1,058 a share, said a person aware of the development. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124495 Will we see consolidation in the gold mining industry? http://www.opalesque.com/Commodities_Briefing/?p=124437 http://www.opalesque.com/Commodities_Briefing/?p=124437#comments Mon, 04 Mar 2013 03:56:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124437 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124437>Article Link</a> As the gold mining sector plunges to the end of a cyclical bear market, one wonders if this ongoing selling climax will precipitate a catalyst for more mergers and acquisitions in the industry. The last 12 years tells us that these transactions tend to follow the market itself but with a lag. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124437 Mining M&A sees the rise of a new class of investor - E&Y http://www.opalesque.com/Commodities_Briefing/?p=124260 http://www.opalesque.com/Commodities_Briefing/?p=124260#comments Tue, 19 Feb 2013 01:06:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124260 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124260>Article Link</a> A number of high-cost mines are high cost because they have been starved of capital in recent years. As a result, Ernst & Young expects “a good number of these mines to be divested by the majors to owners with capital available for acquisition and reinvestment.” (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124260 Japan Exchange happy to talk to foreign bourses, CEO says http://www.opalesque.com/Commodities_Briefing/?p=124070 http://www.opalesque.com/Commodities_Briefing/?p=124070#comments Wed, 06 Feb 2013 03:26:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124070 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124070>Article Link</a> Japan Exchange Group Inc. , created by the merger of the nation’s two biggest bourses, is willing to pursue an alliance or merger with an overseas exchange to drive growth, Chief Executive Officer Atsushi Saito said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124070 Writedowns near $50 bln as M&A haunts mine CEOs: Commodities http://www.opalesque.com/Commodities_Briefing/?p=124010 http://www.opalesque.com/Commodities_Briefing/?p=124010#comments Thu, 31 Jan 2013 03:46:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124010 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124010>Article Link</a> The world’s biggest mining and steel companies have wiped about $50 billion off project valuations in the past year and the purge is poised to continue this earnings season as managers reassess expensive takeovers. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124010 Why mining M&A is on hold http://www.opalesque.com/Commodities_Briefing/?p=123903 http://www.opalesque.com/Commodities_Briefing/?p=123903#comments Thu, 24 Jan 2013 04:04:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123903 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123903>Article Link</a> Commodity prices are rebounding, but don’t hold your breath for megadeals in mining as a new crop of CEOs takes over. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123903 Commodities upstart ICE in $8bn takeover of New York Stock Exchange $8bln http://www.opalesque.com/Commodities_Briefing/?p=123570 http://www.opalesque.com/Commodities_Briefing/?p=123570#comments Fri, 21 Dec 2012 04:20:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123570 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123570>Article Link</a> Two centuries of independence for the New York Stock Exchange are set to come to an end after its operator, NYSE Euronext, agreed to sell itself to Inter-continentalExchange, the commodities-focused markets business, in an $8bn (£5bn) deal. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123570 A tale of 2 companies - Consolidation in the global steel industry http://www.opalesque.com/Commodities_Briefing/?p=123267 http://www.opalesque.com/Commodities_Briefing/?p=123267#comments Tue, 04 Dec 2012 03:47:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123267 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123267>Article Link</a> It’s interesting to note that countries worldwide are scrambling to build new steel mills. It’s been reported that by 2016, approximately 100 new mills will be coming online globally. Some of the countries where mills will be added include Bolivia, Peru, Ecuador and Vietnam. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123267 Takeover approved for Metal Exchange http://www.opalesque.com/Commodities_Briefing/?p=123213 http://www.opalesque.com/Commodities_Briefing/?p=123213#comments Fri, 30 Nov 2012 04:20:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123213 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123213>Article Link</a> Regulators approved the planned takeover of the London Metal Exchange (LME) by Hong Kong Exchanges and Clearing (HKEx). This means the deal to buy one of the City’s oldest – and certainly its most unusual – trading venues could complete as early as 6 December, bringing to an end 135 years of member-ownership. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123213 Global mining and metals deal values and volumes down http://www.opalesque.com/Commodities_Briefing/?p=123198 http://www.opalesque.com/Commodities_Briefing/?p=123198#comments Thu, 29 Nov 2012 04:27:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123198 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123198>Article Link</a> Global mining and metals deal values and volumes are down, with Canadian numbers falling in the first nine months this year, advisory firm Ernst & Young’s (E&Y’s) seventh twice-yearly ‘Global Capital Confidence Barometer’ has found. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123198 Xstrata-Glencore merger backed by European Commission http://www.opalesque.com/Commodities_Briefing/?p=123113 http://www.opalesque.com/Commodities_Briefing/?p=123113#comments Fri, 23 Nov 2012 03:50:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123113 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123113>Article Link</a> The European Commission has given its backing to commodities giant Glencore’s $31bn (£19.5bn) bid to take over mining firm Xstrata. But as a condition, Glencore must scrap an exclusive deal with Nyrstar, the world’s largest zinc metal producer, and sell its 7.8% stake in the firm. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123113 “Glenstrata” fusion approved by shareholders http://www.opalesque.com/Commodities_Briefing/?p=123084 http://www.opalesque.com/Commodities_Briefing/?p=123084#comments Wed, 21 Nov 2012 01:51:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123084 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123084>Article Link</a> Xstrata shareholders have rubber-stamped the takeover of the mining group by commodities trader Glencore to create a $70 billion industry giant. Glencore and Xstrata shareholders approved the transaction at two separate meetings in Zug on Tuesday. Completion of the deal is still subject to approvals by regulators including the European Commission. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123084 Countdown begins for commodities mega merger vote http://www.opalesque.com/Commodities_Briefing/?p=123043 http://www.opalesque.com/Commodities_Briefing/?p=123043#comments Tue, 20 Nov 2012 03:50:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123043 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123043>Article Link</a> Shareholders in commodities giant Glencore and mining group Xstrata are to vote Tuesday on a proposed $33 billion mega merger at two extraordinary general meetings near Zurich. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123043 China’s mining, metals industries pursue M&A possibilities overseas http://www.opalesque.com/Commodities_Briefing/?p=122870 http://www.opalesque.com/Commodities_Briefing/?p=122870#comments Wed, 07 Nov 2012 04:27:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122870 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122870>Article Link</a> China’s mining and metals companies are taking advantage of global caution to seize merger and acquisition opportunities in the sector in overseas markets, experts at Ernst & Young Global Ltd said on Monday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122870 Mining slump, China’s M&As to the rescue http://www.opalesque.com/Commodities_Briefing/?p=122592 http://www.opalesque.com/Commodities_Briefing/?p=122592#comments Thu, 18 Oct 2012 03:40:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122592 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122592>Article Link</a> The mining sector had enjoyed ten glorious years of soaring commodity prices and even higher demand. Yet, this was never guaranteed to last forever, as the sector would inevitably succumb to the ups and downs of the global economy. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122592 Morgan Stanley commodities talks with Qatar hit snag http://www.opalesque.com/Commodities_Briefing/?p=122401 http://www.opalesque.com/Commodities_Briefing/?p=122401#comments Fri, 05 Oct 2012 04:14:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122401 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122401>Article Link</a> Morgan Stanley’s talks with Qatar’s sovereign wealth fund over the sale of its commodities business have run into difficulty, and the deal may need to be reworked if it is to go ahead, banking sources said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122401 $90bln global mining giant Glencore-Xstrata inches closer: Deal depends on Qatar now http://www.opalesque.com/Commodities_Briefing/?p=122336 http://www.opalesque.com/Commodities_Briefing/?p=122336#comments Tue, 02 Oct 2012 03:17:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122336 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122336>Article Link</a> The long and winding road that has been the attempted merger between miner Xstrata and commodities trading house Glencore seems to be nearing its end. On Monday, the board of Xstrata recommended the “all-share merger of equals” to its shareholders, putting a controversial £144 million ($232 million) bonus package up for vote. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122336 Glencore buyout ‘to be recommended’ http://www.opalesque.com/Commodities_Briefing/?p=122313 http://www.opalesque.com/Commodities_Briefing/?p=122313#comments Mon, 01 Oct 2012 04:15:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122313 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122313>Article Link</a> Mining giant Xstrata is reportedly planning to recommend that its shareholders back a revised multibillion-pound merger with commodities trader Glencore. Mining giant Xstrata is reportedly planning to recommend that its shareholders back a revised multibillion-pound merger with commodities trader Glencore. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122313 Glencore confirms new Xstrata bid terms http://www.opalesque.com/Commodities_Briefing/?p=122008 http://www.opalesque.com/Commodities_Briefing/?p=122008#comments Tue, 11 Sep 2012 01:23:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122008 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122008>Article Link</a> Commodities giant Glencore has officially confirmed the terms of its improved merger offer to mining group Xstrata, made on Friday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122008 Miners’ woes may prompt consolidation rush http://www.opalesque.com/Commodities_Briefing/?p=121992 http://www.opalesque.com/Commodities_Briefing/?p=121992#comments Mon, 10 Sep 2012 04:02:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=121992 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=121992>Article Link</a> Media speculation that Andrew Forrest’s Fortescue Metals and Gina Rinehart’s Roy Hill iron ore project might share the costs of building a railway rather than construct separate rail lines is a sensible idea but not new. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=121992 Glencore set to detail $36-bln Xstrata bid http://www.opalesque.com/Commodities_Briefing/?p=121989 http://www.opalesque.com/Commodities_Briefing/?p=121989#comments Mon, 10 Sep 2012 04:01:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=121989 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=121989>Article Link</a> Trader Glencore, hammering out a revised $36-billion bid for miner Xstrata in intense weekend negotiations, is set to detail its new offer to the market as early as Monday, days after proposing 11th-hour changes to save the deal. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=121989 Giant mines merger set to fall through http://www.opalesque.com/Commodities_Briefing/?p=121897 http://www.opalesque.com/Commodities_Briefing/?p=121897#comments Mon, 03 Sep 2012 02:30:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=121897 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=121897>Article Link</a> Advisers to lose millions as Xstrata shareholders prepare to vote down £53bn deal with Glencore. Investment bankers working on the troubled Glencore-Xstrata £53bn megamerger will lose almost £70m in fees if, as expected, the deal collapses this week. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=121897 Global metals M&A deal value could drop 20pct -PwC http://www.opalesque.com/Commodities_Briefing/?p=121592 http://www.opalesque.com/Commodities_Briefing/?p=121592#comments Fri, 10 Aug 2012 02:57:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=121592 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=121592>Article Link</a> While the second quarter saw declines in both deal volume and value in mergers and acquisitions in the global metals sector, a PwC report made public Thursday revealed that acquirers from emerging and developing economies accounted for 65% of all deal making valued at $50 million or more. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=121592 Glencore courts Qatar as Xstrata tweaks merger pay: Commodities http://www.opalesque.com/Commodities_Briefing/?p=120980 http://www.opalesque.com/Commodities_Briefing/?p=120980#comments Thu, 28 Jun 2012 01:23:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120980 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120980>Article Link</a> Glencore (GLEN) International Plc and Xstrata Plc (XTA), seeking to salvage the year’s biggest takeover, moved to appease dissident investors who have threatened to derail the 16 billion-pound deal ($25 billion). (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120980 How the deal of the year, between the commodity giant Glencore and miner Xstrata, has gone wrong http://www.opalesque.com/Commodities_Briefing/?p=120979 http://www.opalesque.com/Commodities_Briefing/?p=120979#comments Thu, 28 Jun 2012 01:22:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120979 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120979>Article Link</a> For a deal that everyone was expecting, the Glencore-Xstrata merger has a nasty habit of throwing up surprises. And few of them have been pleasant. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120979 Simon English: What would you pay for a slightly used commodities giant? http://www.opalesque.com/Commodities_Briefing/?p=120978 http://www.opalesque.com/Commodities_Briefing/?p=120978#comments Thu, 28 Jun 2012 01:22:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120978 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120978>Article Link</a> Outlook Last May the commodities trading giant and all around company-of-the-future Glencore came to the stock market, turning a private concern into a public company owned by our pension funds and other supposedly savvy investors. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120978 Hong Kong LME bid faces regulator as $32 bln in deals killed http://www.opalesque.com/Commodities_Briefing/?p=120816 http://www.opalesque.com/Commodities_Briefing/?p=120816#comments Mon, 18 Jun 2012 01:06:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120816 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120816>Article Link</a> Hong Kong Exchanges & Clearing Ltd.’s bid for the London Metal Exchange, the most expensive bourse merger over $1 billion, may succeed in gaining the approval of regulators who’ve scuttled $32 billion of similar cross-border deals. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120816 China should not be allowed to buy the LME http://www.opalesque.com/Commodities_Briefing/?p=120486 http://www.opalesque.com/Commodities_Briefing/?p=120486#comments Wed, 30 May 2012 02:51:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120486 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120486>Article Link</a> For 135 years, the London Metal Exchange has been at the heart of world industry, setting prices for metals from aluminium to zinc. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120486 Japan’s Marubeni buys US grain giant Gavilon for $3.6 bln http://www.opalesque.com/Commodities_Briefing/?p=120484 http://www.opalesque.com/Commodities_Briefing/?p=120484#comments Wed, 30 May 2012 02:51:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120484 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120484>Article Link</a> Japanese trading house Marubeni Corp. said Tuesday it has agreed to buy US grain giant Gavilon LLC for about $3.6 billion in the largest cross-border move by a Japanese company this year. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120484 Mining slump feeds M&A as projects overrun budgets: Commodities http://www.opalesque.com/Commodities_Briefing/?p=120391 http://www.opalesque.com/Commodities_Briefing/?p=120391#comments Wed, 23 May 2012 04:22:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120391 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120391>Article Link</a> The world’s largest mining companies led by BHP Billiton Ltd. (BHP) are struggling with higher costs to complete $200 billion in new projects, prompting them to slow work and turn instead to acquisitions and asset sales. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120391 H.K. should end bourse monopoly if LME won, rival says http://www.opalesque.com/Commodities_Briefing/?p=120318 http://www.opalesque.com/Commodities_Briefing/?p=120318#comments Fri, 18 May 2012 04:22:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120318 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120318>Article Link</a> Hong Kong Exchanges & Clearing Ltd., one of three remaining bidders for the London Metal Exchange, should lose government protections against competition if it begins commodities trading, Hong Kong Mercantile Exchange Chief Operating Officer William Barkshire said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120318 HKEx may win LME with China card http://www.opalesque.com/Commodities_Briefing/?p=120296 http://www.opalesque.com/Commodities_Briefing/?p=120296#comments Thu, 17 May 2012 04:09:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120296 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120296>Article Link</a> A new owner for the London Metal Exchange could be announced soon, and Hong Kong’s stocks-focused bourse, one of the three remaining bidders, sees it as the quick entry it is seeking into the commodities business. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120296 NYSE removed from bidding for London Metal Exchange http://www.opalesque.com/Commodities_Briefing/?p=120295 http://www.opalesque.com/Commodities_Briefing/?p=120295#comments Thu, 17 May 2012 04:09:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120295 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120295>Article Link</a> NYSE Euronext (NYX) was removed from the list of buyers of the London Metal Exchange, the largest metals market. NYSE Euronext, the biggest U.S. exchange owner, was notified of the decision, James Dunseath, an exchange spokesman in London, said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120295 Hong Kong Exchanges said to make offer for London Metal Exchange http://www.opalesque.com/Commodities_Briefing/?p=120198 http://www.opalesque.com/Commodities_Briefing/?p=120198#comments Fri, 11 May 2012 03:57:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120198 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120198>Article Link</a> Hong Kong Exchanges & Clearing Ltd. (388), Asia’s biggest bourse operator, submitted a takeover bid for the London Metal Exchange, two people with knowledge of the matter said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120198 Hong Kong Exchanges confident over LME bid http://www.opalesque.com/Commodities_Briefing/?p=120131 http://www.opalesque.com/Commodities_Briefing/?p=120131#comments Tue, 08 May 2012 04:39:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120131 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120131>Article Link</a> Hong Kong Exchanges & Clearing Ltd. Chief Executive Charles Li is confident about the exchange operator’s chances of acquiring the London Metal Exchange, the South China Morning Post reported Tuesday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120131 SGX not bidding for LME http://www.opalesque.com/Commodities_Briefing/?p=120130 http://www.opalesque.com/Commodities_Briefing/?p=120130#comments Tue, 08 May 2012 04:39:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120130 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120130>Article Link</a> “SGX is not in the contest for London Metal Exchange,” Chew Choon Seng, chairman of SGX, said in Singapore on Monday, according to Bloomberg reports. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120130 Solar to drive European green energy M&A in Q2-PwC http://www.opalesque.com/Commodities_Briefing/?p=120120 http://www.opalesque.com/Commodities_Briefing/?p=120120#comments Mon, 07 May 2012 04:24:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120120 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120120>Article Link</a> Europe’s solar power market is expected to drive a rebound in activity in the region’s renewable energy mergers and acquisitions (M&A) sector in the second quarter, consultancy PwC said in a report on Monday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120120 HK exchange considers London Metal Exchange bid http://www.opalesque.com/Commodities_Briefing/?p=120045 http://www.opalesque.com/Commodities_Briefing/?p=120045#comments Wed, 02 May 2012 01:14:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=120045 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=120045>Article Link</a> Hong Kong’s stock market operator said Monday it’s studying a bid for London’s metal trading market, a move that comes after the exchange earlier this year announced plans to expand into commodities to capitalize on Chinese demand. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=120045 Commodities trader Glencore signs $6 bln merger loan: bankers http://www.opalesque.com/Commodities_Briefing/?p=119882 http://www.opalesque.com/Commodities_Briefing/?p=119882#comments Thu, 19 Apr 2012 03:54:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=119882 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=119882>Article Link</a> Commodities trader Glencore signed a $6 billion syndicated loan backing its $90 billion merger with miner Xstrata on Tuesday after raising nearly $11 billion in syndication, banking sources said on Wednesday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=119882 High metals demand spurs merger of recyclers http://www.opalesque.com/Commodities_Briefing/?p=119728 http://www.opalesque.com/Commodities_Briefing/?p=119728#comments Tue, 10 Apr 2012 01:45:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=119728 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=119728>Article Link</a> Capitalizing on booming demand for precious metals, two privately held companies have combined to establish the largest recycler of gold and silver in North America. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=119728 ICAP buys ICE cotton options broker; beats out rivals http://www.opalesque.com/Commodities_Briefing/?p=119656 http://www.opalesque.com/Commodities_Briefing/?p=119656#comments Tue, 03 Apr 2012 01:36:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=119656 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=119656>Article Link</a> ICAP Corporates has bought New York-based cotton options broker VIP Commodities, beating out bids from three other firms, as part of an expansion of its softs business. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=119656 Commodities firm Glencore to buy Canada’s Viterra http://www.opalesque.com/Commodities_Briefing/?p=119477 http://www.opalesque.com/Commodities_Briefing/?p=119477#comments Wed, 21 Mar 2012 04:59:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=119477 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=119477>Article Link</a> Swiss-based commodities firm Glencore International PLC agreed Tuesday to buy Canada’s largest grain handling company Viterra Inc., in a deal valued at 6.1 billion Canadian dollars ($6.14 billion). (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=119477 Jefferies to buy MF Global precious-metals assets http://www.opalesque.com/Commodities_Briefing/?p=119382 http://www.opalesque.com/Commodities_Briefing/?p=119382#comments Thu, 15 Mar 2012 03:12:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=119382 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=119382>Article Link</a> Investment bank Jefferies Group Inc.’s commodities arm has agreed to buy the gold, silver and other precious-metals assets from the trustee liquidating MF Global Holdings Ltd.’s brokerage business. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=119382 Anglo’s diamonds seen as M&A turnoff for Glencore: Commodities http://www.opalesque.com/Commodities_Briefing/?p=119345 http://www.opalesque.com/Commodities_Briefing/?p=119345#comments Wed, 14 Mar 2012 03:16:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=119345 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=119345>Article Link</a> Anglo American Plc (AAL)’s $5.1 billion plan to almost double its diamond business and platinum mines that are missing targets risk killing its allure as a takeover target for a merged Glencore International Plc-Xstrata Plc. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=119345 CME Group in courtship with Tokyo Commodity Exchange http://www.opalesque.com/Commodities_Briefing/?p=119344 http://www.opalesque.com/Commodities_Briefing/?p=119344#comments Wed, 14 Mar 2012 03:16:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=119344 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=119344>Article Link</a> Japan’s largest commodity exchange, The Tokyo Commodity Exchange Inc. (Tocom), is seeking a capital and business alliance with CME Group. CME Group is likely to take 20% stake in the Japanese exchange that could pave the way for the CME to list its products on Tocom. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=119344 ICE, CME leave door open for possible LME bid http://www.opalesque.com/Commodities_Briefing/?p=119258 http://www.opalesque.com/Commodities_Briefing/?p=119258#comments Thu, 08 Mar 2012 03:05:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=119258 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=119258>Article Link</a> InterContinental Exchange and CME Group Inc left doors open on Wednesday that each may make a bid for the smaller London Metal Exchange. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=119258 2011 blockbuster year in mining M&A deals - PwC http://www.opalesque.com/Commodities_Briefing/?p=119238 http://www.opalesque.com/Commodities_Briefing/?p=119238#comments Wed, 07 Mar 2012 02:44:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=119238 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=119238>Article Link</a> 2011 was a tough year for the resources markets as most base metals dropped 20% or more in value and the annual performance of precious metals, as a group (with the exception of gold) was also rather dismal. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=119238 Mitsui seeks copper acquisitions with record $17 bln cash: Commodities http://www.opalesque.com/Commodities_Briefing/?p=119215 http://www.opalesque.com/Commodities_Briefing/?p=119215#comments Tue, 06 Mar 2012 02:56:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=119215 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=119215>Article Link</a> Mitsui & Co., holding a record $17 billion in cash, wants to buy mining stakes and expand operations to triple copper output and more than double coal production, easing its reliance on iron ore sales. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=119215 Glencore sticks to its guns on Xstrata merger terms http://www.opalesque.com/Commodities_Briefing/?p=119210 http://www.opalesque.com/Commodities_Briefing/?p=119210#comments Tue, 06 Mar 2012 02:55:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=119210 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=119210>Article Link</a> Commodities trader Glencore brushed aside requests from Xstrata investors to improve an agreed $37 billion bid for the miner, saying its existing offer was fair to all shareholders and emphasising its own growth prospects. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=119210 For sale: The London Metal Exchange? http://www.opalesque.com/Commodities_Briefing/?p=119067 http://www.opalesque.com/Commodities_Briefing/?p=119067#comments Fri, 24 Feb 2012 04:09:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=119067 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=119067>Article Link</a> The world’s biggest metals market has drawn multiple takeover bids and its board is meeting on Feb. 23 to review them. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=119067 HK exchange named in latest LME takeover bid http://www.opalesque.com/Commodities_Briefing/?p=118981 http://www.opalesque.com/Commodities_Briefing/?p=118981#comments Mon, 20 Feb 2012 02:40:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=118981 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=118981>Article Link</a> Hong Kong Exchanges & Clearing has reportedly bid for the London Metal Exchange in an attempt to diversify into commodities trading. The bourse had put in a “high bid”, the South China Morning Post reported. No bid price was disclosed. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=118981 CME Group said to submit bid for London Metal Exchange purchase http://www.opalesque.com/Commodities_Briefing/?p=118961 http://www.opalesque.com/Commodities_Briefing/?p=118961#comments Fri, 17 Feb 2012 01:42:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=118961 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=118961>Article Link</a> CME Group Inc. has made a bid for the London Metal Exchange as the world’s largest metals futures market plans a meeting next week to consider offers, according to a person with knowledge of the situation. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=118961 Biggest mining deals no promise of Xstrata bonanza: Commodities http://www.opalesque.com/Commodities_Briefing/?p=118941 http://www.opalesque.com/Commodities_Briefing/?p=118941#comments Thu, 16 Feb 2012 04:16:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=118941 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=118941>Article Link</a> Shareholders in Xstrata Plc shouldn’t expect that a takeover by Glencore International Plc will deliver a windfall if the history of the deals that created two of its biggest rivals is any guide. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=118941 What does Glencore and Xstrata merger mean for investors? http://www.opalesque.com/Commodities_Briefing/?p=118822 http://www.opalesque.com/Commodities_Briefing/?p=118822#comments Thu, 09 Feb 2012 01:19:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=118822 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=118822>Article Link</a> Mining giant Xstrata has announced that it plans to merge with the world’s biggest commodities trader, Glencore creating at one stroke a $90 billion giant. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=118822 Mining and commodities firms will merge in $90bln deal http://www.opalesque.com/Commodities_Briefing/?p=118816 http://www.opalesque.com/Commodities_Briefing/?p=118816#comments Wed, 08 Feb 2012 04:34:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=118816 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=118816>Article Link</a> Mick DavisAfter years of courting, mining company Xstrata and commodities dealer Glencore International have agreed to marry in a $90 billion deal that would create the world’s fourth-largest natural resources group. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=118816 Mining: Look for mergers and Chinese heft http://www.opalesque.com/Commodities_Briefing/?p=118803 http://www.opalesque.com/Commodities_Briefing/?p=118803#comments Wed, 08 Feb 2012 04:31:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=118803 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=118803>Article Link</a> Glencore International PLC’s multibillion-dollar merger with Xstrata PLC, Prime Minister Stephen Harper’s visit to China, where trade and other economic issues are expected to dominate the agenda: It’s a big week for commodities with large consequences for Canada and for what Paul Taylor, the chief investment officer of BMO Harris Private Banking, calls the country’s “trees and rocks and bank-based economy and equity market.” (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=118803 The Glencore/Xstrata merger: Does this mark a top for commodities? http://www.opalesque.com/Commodities_Briefing/?p=118793 http://www.opalesque.com/Commodities_Briefing/?p=118793#comments Tue, 07 Feb 2012 04:51:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=118793 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=118793>Article Link</a> Glencore is already the world’s largest commodities trader. Now it’s planning to get even bigger. It’s aiming to merge with leading mining group Xstrata.
(more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=118793 Commodities: A merger fit for world domination‎ http://www.opalesque.com/Commodities_Briefing/?p=118776 http://www.opalesque.com/Commodities_Briefing/?p=118776#comments Mon, 06 Feb 2012 03:12:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=118776 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=118776>Article Link</a> The talks between Glencore and Xstrata over an $88bn (£57bn) merger, the biggest mining deal ever seen, are promising to shake up the world of commodities. If successful, the joining of trading giant Glencore and the world’s fourth biggest miner would create a global leader in zinc and thermal coal and a top five producer in copper and nickel.
(more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=118776