trader pada mau bagi2 rezeki di INCO dgn memakai dua berita berikut??? terimakasih.
rz ===. http://www.smh.com.au/news/business/cvrd-joins-rush-for-inco-bids- 22b/2006/08/13/1155407670405.html CVRD joins rush for Inco, bids $22b August 14, 2006 COMPANHIA Vale do Rio Doce, the world's largest iron-ore producer, has entered the battle for Inco, offering $C19.4 billion ($22.5 billion) to wrest the Canadian nickel miner from two other bidders. CVRD, which is based in Rio de Janeiro, said it planned to pay $C86 a share for Inco, the second-biggest nickel miner, in an all-cash offer that may trump cash-and-share bids from Phelps Dodge and Teck Cominco. The takeover, which would be the biggest foreign acquisition by a Brazilian company, would make CVRD the world's fourth-largest mining company by sales. Its chief executive Roger Agnelli would gain supplies of nickel, used to make steel rust-resistant, to deliver alongside iron ore to steelmaking customers such as ThyssenKrupp. "This is the best bid out there by far," said Ronald Mayers, who invests in companies involved in mergers and acquisitions for Desjardins Securities of Montreal, which holds Inco shares. "This is a winning bid, unless someone else comes in and does better." CVRD's shares sank 2.2 per cent to 42 reals in Sao Paulo on Friday while Inco's shares jumped 3.5 per cent to $C89.08 in Toronto, leaving them up more than 70 per cent this year. Phelps Dodge, the world's third-largest copper producer, agreed on June 26 to buy Inco with cash and stock that are today worth $C88.53 per share. It is based in Phoenix, Arizona. Vancouver's Teck Cominco is offering $C86.04 is cash and stock per share in a hostile bid. Inco spokesman Bruce Drysdale and Phelps Dodge spokesman Peter Faur declined to comment. Teck president and CEO Don Lindsay said the company wouldn't be "drawn into an expensive bidding war for Inco. "We will weigh our options carefully and remain committed to a disciplined approach to any transaction," Mr Lindsay said in a statement released on Canada NewsWire. Losing Inco would be Phelps Dodge's second setback in less than a month, after Xstrata beat it in the battle for Canadian miner Falconbridge. Falconbridge's board three days ago recommended shareholders accept Xstrata's $C19.2 billion bid. Inco said in a filing with the US Securities and Exchange Commission this week that it would owe Phelps Dodge a termination fee of $US475 million ($619.6 million) should Inco cancel the deal or recommend another bid. Mining companies are battling for assets as China, the world's largest consumer of metals, drives copper nickel and zinc to record levels. The price of nickel has more than tripled in the past three years. "We consider this offer a full-value offer for Inco," Mr Agnelli told reporters in Rio de Janeiro. "It's high but justified." Bloomberg =====. http://za.today.reuters.com/news/NewsArticle.aspx? type=businessNews&storyID=2006-08- 11T104802Z_01_BAN123253_RTRIDST_0_OZABS-MARKETS-METALS-20060811.XML Security concerns recede, nickel hits new high Fri Aug 11, 2006 12:48 PM GMT By Pratima Desai LONDON (Reuters) - Base metal futures bounced on Friday as worries about the damage to economic growth from terror attacks receded and focus returned to supply shortages, while nickel hit a new record high of $27,100. Prices slipped on Thursday after British police said they had uncovered a plot to bomb transatlantic aircraft. "I think the security alert yesterday didn't have much of an impact, look at where the prices are now, they are hardly affected at all," a trader said, adding that low inventories would support nickel prices. At 1020 GMT nickel <MNI3 for delivery in three months was quoted at $26,950/27,150, up 1.7 percent or $450 from Thursday's close on the London Metal Exchange. Stocks of nickel in LME registered warehouses fell 564 tonnes to 5,814, but of that only 2,406 tonnes -- less than one day's worth of global consumption -- is freely available. Also boosting nickel prices is unusually strong demand for stainless steel. Traditionally August is quiet for stainless steel makers, but this year many still have full order books. "Demand ... is still very strong and inventories are low," said Neil Buxton, metals analyst at GFMS Metals Consulting. "The stainless market has been exceptionally strong despite high nickel prices ... demand for stainless steel hasn't been affected ... You also have a strike in the background." Supporting nickel prices has been a decision by Inco to shut down production facilities at its 54,000 tonne-per-year Voisey's Bay nickel mine in Canada after workers went on strike. SLIGHTLY DIFFERENT Copper was indicated up 1.1 percent or $85 at $7,960/7,980 after trading at a 4-week high of $8,150 on Thursday. A crippling strike at Chile's Escondida, the world's largest coopper mine, by more than 2,000 workers has spooked the market. On Thursday workers for the second time in four days cancelled plans to resume wage and bonus negotiations. Escondida was expected to produce around 3,500 tonnes a day this year. It normally accounts for about 8 percent of global copper production and 20 percent of Chilean copper output. The strike which started on Monday has cut production by around 60 percent and majority owner BHP Billiton has declared force majeure on delivery of copper concentrates. Force majeure frees companies from their obligations without penalties if events are beyond their control. They are normally used in the case of natural diasters. "Most strikes in Chile tend to be fairly short-lived but this one could shape up to be slightly different," Buxton said. "(The workforce's) bargaining position is strong given wider tightness ... (But) if there is an early resolution to the dispute ... copper prices could come off." Copper stocks rose 6,500 tonnes to 111,250, but that is little more than two days of global consumption. Elsewhere aluminium was up $30 at $2,575/2,580, zinc added $80 at $3,465/3,485, lead was a touch firmer at $1,195/1,205 and tin $25 gained at $8,425/8,525. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/obrolan-bandar/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
