Xstrata matches Crosby bid while Indophil ups Tampakan stake

SWISS miner Xstrata has moved closer in its bid for Melbourne-based Indophil, countering the offer made on Friday by rival bidder Crosby Capital consortium, with an equal takeover bid of $A1.28 per share.

Xstrata matches Crosby bid while Indophil ups Tampakan stake Xstrata matches Crosby bid while Indophil ups Tampakan stake Xstrata matches Crosby bid while Indophil ups Tampakan stake Xstrata matches Crosby bid while Indophil ups Tampakan stake Xstrata matches Crosby bid while Indophil ups Tampakan stake

Meanwhile, in another development, Indophil has upped its stake in the Tampakan copper-gold deposit in the Philippines, in which Xstrata is a major joint venture partner.

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