Post by fastwalker on Oct 28, 2004 9:05:26 GMT -5
:oWMC... takeover bid in the news.
yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh33465_2004-10-28_11-19-23_l28216927_newsml
FACTBOX-Xstrata-WMC would create 8th largest minerals firm
Thu Oct 28, 2004 07:19 AM ET
LONDON, Oct 28 (Reuters) - A $5.5 billion takeover bid for Australian miner WMC Resources Ltd. (WMR.AX: Quote, Profile, Research) by Swiss-based Xstrata (XTA.L: Quote, Profile, Research) would create the eighth largest minerals producer in the world in terms of value of production, if completed, according to Swedish consultancy Raw Materials Group.
Xstrata is the 20th largest minerals company, producing 0.947 percent of the world's minerals in 2003 by value. WMC was ranked 21 with 0.928 percent.
The take-over would create a company with a market capitalisation of $15.88 billion, making it the fifth largest by that measure.
According to data from Reuters Metals Production Database (MPD) the merged entity would produce nearly 680,000 tonnes of copper in concentrate and 423,000 tonnes of copper cathode based on 2003 production.
The company would produce 6.16 percent of the world's refined zinc and nearly five percent of the world's nickel.
The tables below detail capacity and production based on the companies' equity stakes in production facilities.
3000 Xtra users can find more details by clicking on mpd.session.rservices.com. The MPD details copper, aluminium, nickel, zinc and gold capacity and production.
Refined copper attributable to Xstrata in 2003 in tonnes Plant Name Type Country Stake (pct) Capacity Production Townsville Ref Australia 100 270,000 260,000 Mount Isa SX-EW Australia 100 3,000 3,000 Total 273,000 263,000 Equivalent to 1.67 percent of global production. Refined copper attributable to WMC Resources Ltd in 2003 in tonnes. Olympic Dam Ref Australia 100 235,000 160,079 Total 235,000 160,079 Equivalent to 1.02 of global production. Mined copper attributable to Xstrata in 2003 in tonnes Alumbrera Mine Argentina 50 100,000 99,269 Ernest Henry Mine Australia 100 95,000 100,000 Mount Isa Mine Australia 100 245,000 245,000 Total 440,000 444,269 Equivalent to 3.96 percent of global production Mined copper attributable to WMC Resources Ltd in 2003 in tonnes. Olympic Dam Mine Australia 100 230,000 235,000 Total 230,000 235,000 Equivalent to 2.10 percent of global production. Gold attributable to Xstrata in 2003 in troy oz Alumbrera Mine Argentina 50 334,882 334,882 Ernest Henry Mine Australia 100 122,580 122,580 Total 457,462 457,462 Equivalent to 0.55 percent global production Gold attributable to WMC Resources Ltd in 2003 in troy oz. Olympic Dam Mine Australia 100 86,117 86,117 Total 86,117 86,117 Equivalent to 0.10 percent of global production. Refined zinc attributable to Xstrata in 2003 in tonnes Nordenham Ref Germany 100 130,000 148,969 San Juan Ref Spain 94 444,620 450,877 de Nieva Avonmouth Smelter UK 100 15,000 13,104 Total 589,620 612,950 Equivalent to 6.16 percent of global production Refined nickel attributable to WMC Resources Ltd in 2003 in tonnes. Kwinana Ref Australia 100 70,000 61,418 Total 70,000 61,418 Equivalent to 4.97 percent of global production.
yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh33465_2004-10-28_11-19-23_l28216927_newsml
FACTBOX-Xstrata-WMC would create 8th largest minerals firm
Thu Oct 28, 2004 07:19 AM ET
LONDON, Oct 28 (Reuters) - A $5.5 billion takeover bid for Australian miner WMC Resources Ltd. (WMR.AX: Quote, Profile, Research) by Swiss-based Xstrata (XTA.L: Quote, Profile, Research) would create the eighth largest minerals producer in the world in terms of value of production, if completed, according to Swedish consultancy Raw Materials Group.
Xstrata is the 20th largest minerals company, producing 0.947 percent of the world's minerals in 2003 by value. WMC was ranked 21 with 0.928 percent.
The take-over would create a company with a market capitalisation of $15.88 billion, making it the fifth largest by that measure.
According to data from Reuters Metals Production Database (MPD) the merged entity would produce nearly 680,000 tonnes of copper in concentrate and 423,000 tonnes of copper cathode based on 2003 production.
The company would produce 6.16 percent of the world's refined zinc and nearly five percent of the world's nickel.
The tables below detail capacity and production based on the companies' equity stakes in production facilities.
3000 Xtra users can find more details by clicking on mpd.session.rservices.com. The MPD details copper, aluminium, nickel, zinc and gold capacity and production.
Refined copper attributable to Xstrata in 2003 in tonnes Plant Name Type Country Stake (pct) Capacity Production Townsville Ref Australia 100 270,000 260,000 Mount Isa SX-EW Australia 100 3,000 3,000 Total 273,000 263,000 Equivalent to 1.67 percent of global production. Refined copper attributable to WMC Resources Ltd in 2003 in tonnes. Olympic Dam Ref Australia 100 235,000 160,079 Total 235,000 160,079 Equivalent to 1.02 of global production. Mined copper attributable to Xstrata in 2003 in tonnes Alumbrera Mine Argentina 50 100,000 99,269 Ernest Henry Mine Australia 100 95,000 100,000 Mount Isa Mine Australia 100 245,000 245,000 Total 440,000 444,269 Equivalent to 3.96 percent of global production Mined copper attributable to WMC Resources Ltd in 2003 in tonnes. Olympic Dam Mine Australia 100 230,000 235,000 Total 230,000 235,000 Equivalent to 2.10 percent of global production. Gold attributable to Xstrata in 2003 in troy oz Alumbrera Mine Argentina 50 334,882 334,882 Ernest Henry Mine Australia 100 122,580 122,580 Total 457,462 457,462 Equivalent to 0.55 percent global production Gold attributable to WMC Resources Ltd in 2003 in troy oz. Olympic Dam Mine Australia 100 86,117 86,117 Total 86,117 86,117 Equivalent to 0.10 percent of global production. Refined zinc attributable to Xstrata in 2003 in tonnes Nordenham Ref Germany 100 130,000 148,969 San Juan Ref Spain 94 444,620 450,877 de Nieva Avonmouth Smelter UK 100 15,000 13,104 Total 589,620 612,950 Equivalent to 6.16 percent of global production Refined nickel attributable to WMC Resources Ltd in 2003 in tonnes. Kwinana Ref Australia 100 70,000 61,418 Total 70,000 61,418 Equivalent to 4.97 percent of global production.
