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Old 25-11-2008, 04:51 PM
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Default BHPB axes Rio Tinto Takeover Bid
http://www.thewest.com.au/default.as...ntentID=110005
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Old 25-11-2008, 05:00 PM
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Market will love that - NOT

announced after close - hmm
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Old 25-11-2008, 05:05 PM
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They also annouced:

The value of BHP Billiton's Ravensthorpe and Yabulu nickel operations have been written down by $US2.1 billion ($A3.3 billion), which equates to three quarters of its total investments in the related projects.

BHP approves Pilbara iron ore expansion

BHP Billiton will go ahead with its iron ore expansion works, today approving its $US4.8 billion ($A7.5 billion) Rapid Growth Project 5 for its Pilbara operations.
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Old 25-11-2008, 05:11 PM
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WOW...guess I might no be working for BHP after all...
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Old 25-11-2008, 05:14 PM
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Glad i have my Lion Nathan shares right now - We are trying to buy Coca Cola Amatil, deal could take 6+ months though, not sure what's going to happen but if the deal goes down there will be interesting times ahead!
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Old 25-11-2008, 05:34 PM
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Quote:
Originally Posted by BLUES
They also annouced:

The value of BHP Billiton's Ravensthorpe and Yabulu nickel operations have been written down by $US2.1 billion ($A3.3 billion), which equates to three quarters of its total investments in the related projects.

BHP approves Pilbara iron ore expansion

BHP Billiton will go ahead with its iron ore expansion works, today approving its $US4.8 billion ($A7.5 billion) Rapid Growth Project 5 for its Pilbara operations.
where did you see that info mate? RPG5 Project is a massive investment and will be a pretty good project for WA workers. They have been holding off on awarding this contract for a few weeks.
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Old 25-11-2008, 05:54 PM
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Annoucement on ASX website.
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Old 25-11-2008, 05:58 PM
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siq, good thing we got that contract for ravey sorted already :P
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Old 25-11-2008, 06:24 PM
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short sell on Rio contracts anyone? haha.
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Old 25-11-2008, 07:13 PM
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RIO is down over 40% in the UK
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