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News Breaks | | | | January 17, 2013 | | 09:34 EDT |  | BHP, HWD | Harry Winston says Fipco commenced action in Superior Court
Harry Winston Diamond (HWD) reports that C. Fipke Holdings, or Fipco, has commenced an action in the Ontario Superior Court of Justice against BHP Billiton Canada (BHP) and certain of its affiliates, the company and its subsidiary, Harry Winston Diamond Mines, as well as against Dr. Stewart Blusson and Archon Minerals. The claim alleges that the offers made by BHP Billiton to Fipco do not comply with Fipco's pre-emptive rights under the joint venture agreements for the Ekati Mine, and that the company was complicit in this alleged non-compliance. The parties to the litigation have entered into an agreement which provides for the trial and any appeal to be conducted on an expedited basis, with a view to obtaining a final ruling no later than April 15. The agreement provides that, if such ruling is in favor of Harry Winston and BHP Billiton, Harry Winston's purchase of BHP Billiton's joint venture interests in the Ekati Mine may be completed before May 15, without re-triggering the pre-emptive right provisions of the joint venture agreements. Harry Winston and BHP Billiton believe that the claim by Fipco is entirely without merit. | |
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News For HWD;BHP From The Last 14 Days Check below for free stories on HWD;BHP the last two weeks. |
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| May 14, 2013 | | 13:10 EDT | | BHP | Mosaic would resume potash expansion if BHP cancels Jansen project, Reuters says
 Subscribe for More Information | | | 07:29 EDT |  | BHP | BofA/Merrill to host a conference
Subscribe for More Information | | | 05:39 EDT |  | BHP | New BHP CEO to significantly cut back capital expenditure, WSJ reports
Subscribe for More Information | | | May 9, 2013 | | 07:12 EDT | | BHP | Miners' asset sale attracts private equity, Bloomberg reports
Subscribe for More Information | | | 06:10 EDT | | BHP | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 8, 2013 | | 07:11 EDT | | BHP | BHP Billiton sees iron ore expanding faster than demand, Bloomberg reports
Global iron ore supplies will expand faster than demand over the long term, lowering prices and reducing volatility of the raw material used to make steel, says BHP Billiton, reports Bloomberg.Reference Link | | | 06:05 EDT | | BHP | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 6, 2013 | | 10:49 EDT | | BHP | Cliffs Natural rallies after analyst raises stock to Outperform
Mining company Cliffs Natural (CLF) is climbing after FBR Capital analyst Mitesh Thakkar upgraded the stock to Outperform from Market Perform in a note to investors earlier today. WHAT'S NEW: After meeting with Cliffs' management, Thakkar is more convinced that the company can use various methods to offset declines in iron ore prices. Specifically, Cliffs Natural can reduce its spending on various initiatives, and sell assets to raise cash if necessary, the analyst contended. In addition, there are signs that China's iron ore imports could increase, while Cliffs' stock has slumped 49% this year, making its valuation attractive, the analyst wrote. Thakkar kept a $28 price target on the shares. TODAY'S PRICE ACTION: In mid-morning trading, Cliffs gained 85c, or 4.3%, to $20.75. OTHERS TO WATCH: Other metal producers rose slightly, with Alcoa (AA) adding 0.75% to $8.70, BHP Billiton (BHP) gaining 0.4% to $67.80, and Freeport McMoRan (FCX) gaining 0.75% to $31.40. | |
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