Global Capital Markets

Story: Lonmin, the UK-listed mining group, has seen whispers that a larger mining company could make a move, according to market reports. The Independent noted talk that the bidder might be Xstrata, which recently failed in a move to secure Falconbridge. The Anglo-Swiss group could now move to attempt an alternate move, the report said, citing a Merrill Lynch research note. The Financial Times made a similar point in its market report and said the Merrill report noted good compatibility between the companies. Lonmin ended the day on a historic high, the FT noted. Its market value is GBP 2.149bn (EUR 3.148bn).

Source: Independent, Financial Times
Value: GBP 2,149m (Lonmin market cap )