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Xstrata shares climb on persistent Vale bid talk


    LONDON (Reuters) - Shares in Anglo-Swiss miner Xstrata climbed as much as 3.2 percent on Wednesday, as traders cited persistent market talk of a bid from Brazilian mining giant Vale .

    One trader said there was talk of a bid of 4,500 pence per share. Xstrata declined to comment.

    In January, Vale said it was in talks with Xstrata about a takeover, a deal that analysts said could top $100 billion.

    At 3:35 a.m. EST shares in Xstrata were up 1.5 percent at 3,848 pence while other miners dipped broadly and Britain's FTSE 100 was down 0.4 percent.

    (Reporting by Michael Taylor and Dominic Lau)