Smith says perennial predator Xstrata is always on the acquisition trail and a successful Oxiana/Zinifex merger will put it on the Swiss giant’s radar screen. Xstarta, already bidding $1 a share for Indophil Resources, is the world’s biggest zinc company and Zinifex is third. An even bigger entity would dominate the market and provide cost saving synergies in a mining boom showing no signs of slowing down.
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OXR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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