Today's Business Headlines

Angry Mt Gibson moves to block China takeover
Mt Gibson Iron wants Australia's takeover regulator to force Russian billionaire Alisher Usmanov to break up his 19.7 per cent stake in the miner and in the process block a controversial deal that would hand effective control of the WA iron ore miner to two closely aligned Chinese metals groups. The West

RBA warns economy must slow
The RBA warns the economy must slow sharply to rein in inflation. The Fin Review

D-day for BHP: bid or walk away
Mining giant BHP Billiton is expected to formalise a takeover bid today for $155 billion rival Rio Tinto against a background of rising coal and iron ore prices expectations. The Australian

Perilya takes stock as zinc prices head south
Base metals miner Perilya yesterday hosed down suggestions it planned to sell assets on the back of plunging zinc price and disappointing production results, fuelling speculation it was pinning its hopes of a share price clawback on a takeover or merger. The West

LCD innovator lines up Binningup power bid
The Perth born inventor who helped develop LCD watches has tossed his hat into the ring as a possible sustainable power supplier to the Water Corporation's second desalination plant. The West

THE WEST AUSTRALIAN
Page 3: The Corruption and Crime Commission has suffered another blow, with the Supreme Court ruling that former Environmental Protection Authority chairman Wally Cox be given that chance to quash the watchdog's finding of misconduct against him over the Smiths Beach affair.

Business: Mt Gibson Iron wants Australia's takeover regulator to force Russian billionaire Alisher Usmanov to break up his 19.7 per cent stake in the miner and in the process block a controversial deal that would hand effective control of the WA iron ore miner to two closely aligned Chinese metals groups.

Investors will learn today wether BHP Billiton will quit its $150 billion scrip offer for Rio Tinto in the face of a challenge from China.

Base metals miner Perilya yesterday hosed down suggestions it planned to sell assets on the back of plunging zinc price and disappointing production results, fuelling speculation it was pinning its hopes of a share price clawback on a takeover or merger.

The Perth born inventor who helped develop LCD watches has tossed his hat into the ring as a possible sustainable power supplier to the Water Corporation's second desalination plant.