The latest on Tuesday,
- Imperial Energy says it is finalising a “possible recommended pre-conditional cash offer” from ONGC Videsh, pitched at £12.50 and valuing Imperial at £1.4bn. Further details promised later in the day. Statement
- Chinalco gets Australian regulatory blessing to take up to 15 per cent stake in Rio Tinto. Statement
- Rio Tinto interims. Figures.
- Chinese tobacco firms Hongyun and Honghe plan to merge, creating form the world’s fourth-largest cigarette maker by volume, according to the state-owned Shanghai Securities News. Reuters
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