BHP Targets Copper Production, Xstrata Seen Close Deal

BHP Billiton Ltd. (BHP) is targeting copper production growth of at least 10% a year through mid-2015, confident of long-term demand for the metal driven by China, India and other urbanizing nations.

Xstrata Plc (XTA) will recommend shareholders vote in favor of a 20.5 billion-pound ($33 billion) takeover offer by Glencore International Plc (GLEN) after making changes to the terms to satisfy investors’ demands, according to a person familiar with the matter.

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