Xstrata bids for UK platinum play

LOOKING to diversify its operational portfolio, Swiss miner Xstrata has made a £5 billion ($A10.6 billion) offer for UK-listed platinum group metals miner Lonmin.

Xstrata bids for UK platinum play Xstrata bids for UK platinum play Xstrata bids for UK platinum play Xstrata bids for UK platinum play Xstrata bids for UK platinum play

Xstrata is offering 33 per Lonmin share, representing a 42% premium on Lonmin’s 23.19 Tuesday closing price.

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