10/22/2008

South African Stocks Rise, Led by Anglo American, BHP Billiton

BHP Billiton (BHP: News ) fell in pre-market trading, after reporting its first quarter production figures. Xstrata and Rio Tinto are also down as it scotched reports it is considering holding talks with BHP Billiton over a takeover. Mining giant BHP Billiton fell 65p to 902p in the wake of its latest trading update. A Memorandum of Understanding (MoU) was signed with BHP Billiton. biggest diversified mining company, and BHP Billiton Ltd.

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