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First Quantum ‘surprised and disappointed’ at Inmet Mining’s rejection of C$4.86b offer

While some suggest First Quantum Minerals may not want to engage in a hostile takeover of Canadian copper miner Inmet, additional offers could be forthcoming from other companies. First Quantum Minerals confirmed Thursday that it had approached Inmet Mining on October 28th “on a friendly basis to discuss a possible combination of the two mining companies.

Conflict minerals not fueling M23 rebellion

johannesburg (Osisa.org) – The capture of Goma by M23 rebel forces is the latest demonstration of the ineffectiveness of the government of the Democratic Republic of Congo (DRC) and its army (the FARDC). Whatever the political machinations behind the military’s most recent capitulation may be, the overarching themes are the longstanding institutional and governance weaknesses of Congo’s central authorities – weaknesses that the Southern Africa Resource Watch (SARW) has highlighted multiple times in its reports and analyses.

Paris élude la nationalisation de Florange, Mittal investira

PARIS (Reuters) – Le gouvernement français a annoncé vendredi soir un accord avec ArcelorMittal sur l’avenir de Florange, évitant ainsi d’avoir à exécuter sa menace de nationalisation du site sidérurgique mosellan. Le Premier ministre a annoncé que le géant de l’acier acceptait d’investir 180 millions d’euros sur cinq ans dans la partie transformation de l’acier de Florange, mais les hauts-fourneaux du site ne seront pas rallumés.