Another article with similar themes. Enjoy.BREAKFAST DEALS:...

Another article with similar themes. Enjoy.


BREAKFAST DEALS: Xstrata watch
Supratim Adhikari
Published 7:42 AM, 21 Jul 2011 Last update 7:42 AM, 21 Jul 2011


Sundance Resources, Hanlong Mining, Xstrata

Meanwhile, the takeover tussle for iron ore target Sundance Resources looks set to get interesting, with the company?s major shareholder and suitor Hanlong Mining reportedly facing some competition. Hanlong has pitched a $1.4 billion bid to get its hands on the attractive, but potentially politically tricky Mbalam project in West Africa, however the Australian Financial Review reports that a heavyweight miner is also in Sundance?s data room. The name bandied around is again Xstrata, so the Swiss miner certainly seems active, while Anglo American has also been mentioned as a potential candidate. The rival suitor has already had a look at the project and this is exactly the sort of speculation that Sundance has been hoping for as it looks to extract a better deal from Hanlong. Meanwhile, the AFR also reports that Hanlong has added Deutsche Bank to its list of advisers.

http://www.businessspectator.com.au/bs.nsf/Article/BHP-Billiton-Macarthur-Coal-Xstrata-Peabody-Energy-pd20110721-JXSGW?OpenDocument