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After more than a year of twists and turns and negotiations, the $75 billion merger between Glencore International and Xstrata became official today. The new company will also get a new name later ...
According to The Sunday Times, by 2006, Glencore controlled 40% of Xstrata stock and appointed Xstrata CEO, Mick Davis. [45] [47] In February 2012, Glencore International Plc, agreed to buy Xstrata Plc for £ 39.1 billion (US$62 billion) in shares. Glencore offered 2.8 new shares for each Xstrata share in agreed all-share "merger of equal".
Commodities trading giant Glencore International has presented its final offer for mining giant Xstrata and it is substantially the same as the preliminary offer Glencore made on Friday, just ...
Since completing a scoping study [8] Xstrata has completed drilling on an accelerated feasibility study on the Bracemac-McLeod area [9] Xstrata began construction in July 2010, with full production scheduled for May 2013. Production began on May 15, 2013, at 3,000 tonnes per day, the mill capacity [10] Xstrata is the operator of the project.
The Xstrata name, which evokes the activities of mining and extraction, was created in 1999 by John Lloyd of the British corporate identity consultancy Lloyd Northover. Glencore has also announced that they will no longer use the 'Xstrata' brand and it will be phased out. Glencore Xstrata plc is now Glencore plc. [citation needed]
LONDON -- The attempt by Glencore (ISE: GLEN.L) to take over Xstrata (ISE: XTA.L) and create one of the world's largest mining and resources operations looked to be done and dusted. But the deal ...
The board of directors of mining company Xstrata has recommended that shareholders accept the most recent offer from commodities trading house Glencore International. The offer includes an ...
MIM Holdings was taken over by Xstrata for a total of US$2.96 billion (A$4.93 billion), including assumed debt, in 2003, [3] and delisted from the Australian Stock Exchange on 30 June 2003. [1] At that time, MIM Holdings was one of the world's biggest coal exporters. [4] On 2 May 2013, Xstrata merged with Glencore to form Glencore Xstrata plc. [5]