FAST-growing miner Xstrata saw firsthalf profits rise 47%, underpinned by rapid Asian growth and boosted by its acquisition of Canada's Falconbridge that raised nickel and copper production.

By Nic Fildes Xstrata continued its acquisition spree yesterday, unveiling an agreed $4bn ([pound]2.03bn) cash offer to buy the Canadian nickel producer LionOre Mining International.

By Tan Hwee Ann Xstrata, the world's fourth-largest copper producer after buying Falconbridge for $17 billion, may make more acquisitions and expand output to tap soaring demand for the metal used in pipes and wires.

By Daily Mail, London Oct. 4--Mining giant Xstrata has sparked a huge fees bonanza in one of London's biggest-ever rights issues. The acquisitive Anglo-Swiss firm is selling new stock to shareholders to fund the purchase of Canada's Falconbridge following an epic takeover battle.

By Kral, Steve The mining industry in northern Ontario is known mostly for its huge nickel deposits. Inco's and Falconbridge's nickel mines in the Sudhury Basin are the best known. And with nickel prices being what they are, interest in the region continues.