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The Company has three main projects: a PGE project in Montana's Stillwater District; a copper project in California's historic Moonlight Copper Mining District; and a nickel-copper-cobalt-PGE project in Ferguson Lake, Nunavut.

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Message: Maybe We Can Close The Door On This Investment Sooner Rather Than Later?

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Maybe We Can Close The Door On This Investment Sooner Rather Than Later?

posted on Mar 29, 09 08:39AM

BHP investors back group quest for acquisitions-report

Sun Mar 29, 2009 1:02pm GMT

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LONDON, March 29 (Reuters) - BHP Billiton (BLT.L: Quote) (BHP.AX: Quote), the world's biggest miner, has gained support from top investors to get back on the acquisition trail following last year's failed bid for rival Rio Tinto (RIO.L: Quote) (RIO.AX: Quote), a newspaper report said on Sunday.

The Sunday Telegraph said BHP had held a series of meetings with investors in recent days, and had been given the green light to explore potential deals.

A spokesman for BHP declined to comment, but Chief Executive Marius Kloppers has said in recent months that the firm could jump on potential opportunities that came along [ID:nLP47049].

The Sunday Telegraph report said shareholders were supportive of renewed bid talks with Rio, although under Takeover Panel rules BHP is banned from launching another bid without approval until late in 2009.

BHP walked away from a $66 billion hostile bid for Rio in November, citing the global economic downturn.

(Reporting by John Bowker; Editing by Richard Hubbard)

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