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Pure trumps latest offer from Australia’s Arrow Energy and its partner, Royal Dutch Shell.

February 19, 2009

Need to know

Natural resources

BG Group: The London-listed oil and gas group saw its A$995 million (£445.7 million) offer for Pure Energy, the Australian coal-seam gas producer, gain board support. The recommendation from Pure trumps the latest offer from Australia’s Arrow Energy and its partner, Royal Dutch Shell.

BP: The oil and gas group has appointed Robert Dudley, the former boss of TNK-BP, its Russian joint venture, as a board director with responsibility for broad oversight of activities in the Americas and Asia. Mr Dudley resigned from TNK-BP last year amid tensions between BP and its Russian partners.

Rio Tinto: Leading shareholders in the Anglo-Australian mining group want Jim Leng reinstated as chairman designate in a move that threatens to throw the board into turmoil. Mr Leng resigned earlier this month over Rio Tinto’s controversial capital raising, a month after being named as its new chairman.

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