• Wed
  • Sep 3, 2014
  • Updated: 6:00am

Xstrata

Xstrata is a Swiss mining group, producing coal copper, nickel, primary vanadium and zinc. Originally founded in 1926 focusing on infrastructure, Marc Rich + Co AG became its majority shareholder in 1990 and it moved into mining. Glencore is bidding to acquire Xstrata, seeking to marry its coal, copper and zinc mines, with Glencore’s trading prowess.

NY regulator asks foreign reinsurers about Iran links

New York’s financial regulator has asked 20 non-US reinsurers whether they conducted business with entities linked to Iran, as part of a review of these companies’ ability to comply with a new US sanctions law that becomes effective Monday.

Tuesday, 2 July, 2013, 12:40pm

Australia coal firms dig in for years of mine closures, job cuts

Australian coal miners are steeling themselves for years of production cuts, job reductions and asset sales as swelling shipments from international rivals lower hopes of a recovery in prices for coal.

24 May 2013 - 11:24am 1 comment

Glencore's aluminium chief in shock exit

Glencore Xstrata's head of aluminium, Gary Fegel, is set to leave the company, sources said, the first high-profile departure since commodity trading giant Glencore closed its purchase of miner Xstrata this month.

23 May 2013 - 4:41am

Glencore shareholders dump chairman Bond

John Bond, the chairman of Glencore Xstrata, the world's largest exporter of power-station coal, was deposed by his shareholders yesterday, with the former chief executive of BP, Tony Hayward, appointed as interim chairman in his place.

17 May 2013 - 3:33pm 1 comment

Talking Points

Budget filibuster efforts resume

2 May 2013 - 1:23am

Business Digest, March 2, 2013

US$37.3b quota set for short-term foreign debt

2 Mar 2013 - 4:17am

Altona considers Roseby sale or merger

Australia’s Altona Mining may sell its Roseby copper project or seek to merge itself with another firm after global miner Xstrata decided not to buy into the copper project in the state of Queensland, Altona’s managing director said on Monday.

14 Jan 2013 - 4:29pm

Talking points

Korean rocket countdown … again

8 Nov 2012 - 2:08am

Briefs, October 4, 2012

Foxconn, GCL-Poly in solar-power venture

Foxconn Technology and GCL-Poly Energy will build and jointly operate a solar-power plant in Shanxi province. They will share revenue from selling electricity to the government from the 310 megawatt plant, which will use GCL's solar cells, to be assembled by Foxconn, Shu Hua, executive president of Hong Kong-listed GCL, said. Bloomberg

4 Oct 2012 - 3:11am

Glencore's offer gets Xstrata board nod

Xstrata's board has recommended that shareholders back a US$33 billion sweetened takeover offer by Glencore International after gaining assurances on board composition and de-linking votes on the bid and bonus payments.

2 Oct 2012 - 4:03am

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