South Africa: Xstrata's $4 Billion Offer May Open Way for Rainbow

Johannesburg — GLOBAL diversified mining group Xstrata's announcement of a $4bn all-cash offer for nickel producer LionOre Mining International yesterday could provide expansion opportunities for South African-based empowerment group African Rainbow Minerals (ARM).

There are strong links to SA in both Xstrata and LionOre management.

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