I don't think Xstrata are going to do anything apart from walk away with a check. This bid is 21 percent above their initial offer (for 20 percent of Falconbridge).

219

I don't think Xstrata are going to do anything apart from walk away with a cheque.

201

They're a bit more prudent than some of the other miners.

148

I would think it was unlikely they would counter offer.

132

Prices are well above fundamental levels. Global demand for copper fell last year by 1pc. Although Chinese demand was up 22pc, this was offset by a fall in the rest of world as consumers switched to substitutes.

84