Thursday, May 31, 2007

Norilsk says Finnish regulator clears LionOre bid

(Reuters) - Russian metals giant Norilsk Nickel said on Wednesday it had received clearance from Finland's competition authority for its offer to buy Canadian miner LionOre.

Norilsk last Wednesday increased its bid for LionOre Mining International Ltd. to C$6.8 billion, raising the stakes in its battle with Xstrata Plc for the world's 10th-largest nickel producer.


Read more at Reuters Africa

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