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.

Business Digest, March 2, 2013

2 Mar 2013

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Australia rains hit coal mine output

4 Feb 2013

Heavy rains in Australia’s eastern Queensland state have caused two major coking and thermal coal producers, Rio Tinto and Xstrata, to declare force majeure on exports this week after a rail haul...

Altona considers Roseby sale or merger

14 Jan 2013

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...

Talking points

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4 Oct 2012

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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...

Business Digest, September 22, 2012

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Glencore puts its cards on the table

Glencore International, the world's largest publicly traded commodities supplier, says its merger offer to swap each share of Xstrata that it doe

Talking points

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COMMODITIES

Glencore has a week to decide on sweeter offer for miner Xstrata

Ivan Glasenberg, Glencore International's billionaire chief executive, has a week to decide on his biggest bet yet - whether to raise his US$31 billion offer for Xstrata or see his five-year...