Fortescue to buy Red Hawk Mining to tap Western Australia ore
The offer price of as much as A$1.20 cash per share implies a fully diluted equity value for Red Hawk of A$254 million ($160 million).
BHP Billiton is confident about sustained growth in China despite the worldwide market turmoil, Chairman of the world’s biggest miner said on Wednesday.
Speaking at a business lunch in Sydney, BHP Billiton Chairman Jacques Nasser said the global market turmoil has not changed the company’s view of sustained growth in China.
China buys about 30 percent of BHP’s exports, and Nasser says the company is positive about China’s future.
