barick outbids china's minmetals for eqn, page-16

"Barrick to pay $7.2bn for Equinox Simon Casey
April 26, 2011
BARRICK Gold, the world's biggest goldminer, has agreed to buy copper producer Equinox Minerals for $C7.32 billion...

Mining companies are competing to secure copper assets after a dearth of new projects and demand from China drove prices to a record this year."

Read more: http://www.smh.com.au/business/barrick-to-pay-72bn-for-equinox-20110425-1du3p.html#ixzz1KbbJtkli