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.

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

24 May 2013

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...

11:24AM

Glencore's aluminium chief in shock exit

23 May 2013

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...

4:41AM

Glencore shareholders dump chairman Bond

17 May 2013

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,...

3:33PM

Glencore Xstrata debuts on market after record merger

3 May 2013

Glencore Xstrata began trading as a combined group on Friday, with shares changing hands at 334 pence at the open, valuing the commodities trader and miner at more than 44.5 billion pounds (HK$536...

3:20PM

Talking Points

2 May 2013

Budget filibuster efforts resume

1:23AM

Singapore bets on Glencore shares with US$250m swap

30 Apr 2013

Singaporean sovereign wealth fund GIC is seeking to swap a US$250 million (HK$1.9 billion) portion of its holding in Glencore International convertible bonds into shares in the company, in a vote...

2:30PM

Opinion

Workers pay the price for our bargains

5:20AM

Howard Winn

Barry Cheung makes waves in Moscow

3:47AM

Business Digest, March 2, 2013

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

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...

4:29PM

Talking points

Korean rocket countdown … again

2:08AM

Briefs, October 4, 2012

Foxconn, GCL-Poly in solar-power venture

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...

4:03AM

Business Digest, September 22, 2012