Anglo looks to China

In response to Xstrata's merger approach, Anglo may be looking to China for a major investment to shore up its independence. They're not the first to try, but this doesn't always end well...

Xstrata and Anglo in talks

This would be a massive deal, both financially and structurally for the mining industry. False alarm, or is M&A in resources sectors showing signs of life?

Update: Predictably, Anglo indignantly rejects Xstrata's approach, which tells us... nothing.