No WMC news is … no news

Nothing concrete was added to the Xstrata-WMC story this week, though not surprisingly, there was plenty of speculation. Aside from obvious potential counter suitors such as BHP Billiton and Rio Tinto, French-based nuclear power outfit Areva got a jersey, as did a possible dual bid by Phelps Dodge and Inco.

No WMC news is … no news No WMC news is … no news No WMC news is … no news No WMC news is … no news No WMC news is … no news

Iluka discovers SA zircon
Another perennial takeover target, Iluka Resources, said it made a zircon rich discovery at its Jacinth mineral sands prospect in South Australia's Eucla Basin.