A source that was familiar with the discussions on the Teck-Iron Ore deal said that Teck Resources Ltd was among few bidders battling to acquire Rio Tinto Group's controlling stake in the Canada-based firm.

Sources said that Mongolian businessman Bold Baatar is most likely to be appointed as the head of Oyu Tolgoi when Cameron McRae exits this October.

Private equity firm owned Penda Corp. announced that it had acquired The Fabri-Form Co. expanding it reach in the heavy truck and material handling markets.

The joint venture between Hunt Realty Investments and Bridge Development Partners revealed that they have received US$26 million from Mesa West Capital to fund their acquisition of 26th & Western in Chicago.

Soilbuild Group Holdings Ltd announced that they are targeting to raise US$507 million from an initial public offering.

Beijing Enterprises Holdings announced that they are set to acquire a 22.01% stake claim in China Gas Holdings Limited from their parent company, Beijing Enterprises Group Company Limited.

Teck Resources Ltd was tagged as one of the remaining interested companies set to acquire the Rio Tinto Group's 59% stake claim in Iron Ore Co.

Plains All American Pipeline affiliate, Plains GP Holdings LP, said that they plain to raise US$1 billion through an initial public offering.

INEOS Olefins & Polymers USA partners with KBR to build one of the largest high-density polyethylene (HDPE) plants in America.

Industrial Safety Technologies is set to add Oldham fixed-point gas detection into its broad industrial safety portfolio.