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Anglo American picks new chairman
Anglo American is set to name Sir John Parker as its new chairman aiming to reassure shareholders that the international mining group has a strong independent future after its emphatic rejection of a merger offer from rival Xstrata
Venture investors set out terms for Centrica bid
Leading shareholders in Venture Production, the North Sea oil and gas company in which Centrica has a 23.6 per cent stake, have agreed not to sell their stakes too cheaply in the event of a bid for the company
Chinese steel executive held in Rio probe
Beijing has detained an executive of a large Chinese steel group in a probe that has already led to four employees of Rio Tinto being held
Rio employee held on suspicion of spying
One of the four Rio Tinto executives arrested by China has been detained by the authorities on suspicion of espionage, it was revealed by the Australian foreign minister
Russians raid Sibir Energy subsidiary
Interior Ministry officers search the Moscow offices of companies belonging to the oil group for documents related to their activities as pressure rises on its main shareholder
GdF and Eon fined €1.1bn
European competition authorities have fined GdF and Eon a total of €1.1bn for an illegal agreement not to intrude on each other’s gas markets
NRG rejects sweetened bid from Exelon
NRG Energy, which has been fighting off the takeover advances of rival electricity supplier Exelon since last October, rejected a higher offer worth $7bn made by Exelon last week and said Exelon should be willing to pay more
Tullow decides on more west African drilling
The oil exploration group plans to drill more wells off the west coast of Africa in the second half of the year, to explore one of the world’s most promising regions for oil discoveries
Opec predicts slow oil demand recovery
Global demand for Opec crude oil will take five years to recover to pre-financial crisis levels and investment spending on new production capacity will be sharply lower as a result, the cartel said on Wednesday
Rio Tinto workers held in China
Australian government said mining group’s iron ore marketing chief in China had been detained on suspicion of espionage and stealing state secrets
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