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- BHP Billiton's chairman Jac Nasser said that debate around Australia’s mineral taxation regime was damaging the country’s prosperity, while labour unrest and union activity meant the world's largest miner had been “unable to operate its business in a fair and consistent way.” - Glencore International plc said it expected a proposed US$90 billion merger with Xstrata plc would be finalised by the September quarter this year, and would generate pre-tax synergies of ‘at least’ US$500 million next year. - Platinum group metals (PGM) producer Lonmin plc said its earnings and production fell over the half year to March 2012, owing to weaker PGM prices and closures at its mines in South Africa. - The board of Northern Iron Ltd has rejected an offer to buy the company from India’s diversified Aditya Birla Group (ABG), which would have paid around A$477 million (US$477 million) for the Norway-focused iron-ore producer. - Vale SA has signed a memorandum of understanding with Australian rail operator QR National, with a view to cooperating in the development of a contested rail link in Queensland’s Galilee Basin.
