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[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". It is the biggest mining takeover ever, and after approval would create an entity with 2012 sales of US$209 billion. [48]
Following its $6.1-billion acquisition by Glencore International, on 1 January 2013, Viterra was merged with Glencore purchaser, 8115222 Canada Inc., [1] headquartered in Rotterdam, the Netherlands. Viterra's grain handling and marketing operations were located primarily in two of the world's most fertile regions: Western Canada and South ...
The Swiss company Glencore owns a number of large copper mines, particularly after acquiring Katanga Mining as a wholly owned subsidiary. Currently, Glencore owns majority stakes in Kamoto Copper Company SARL (KCC) and DRC Copper and Cobalt Project SARL (DCC), which run several copper/cobalt mines, as well as a Mutanda Mining SARL , which runs ...
The project was initiated as a joint venture between Murrin Murrin Holdings Pty Ltd, a wholly owned subsidiary of Anaconda Nickel Limited (whose share was 60%) and Glenmurrin Pty Ltd, a wholly owned subsidiary of Glencore International AG, which had a 40% share. [2] In 2003 Anaconda changed its name to Minara Resources Limited.
In 2012, Glencore paid $340 million and took on $140 million in debt to increase its share of Samref Overseas from 50% to 74.49%, and for a 1% stake in Samref Congo. This brought their effective stake in Mutanda to about 60%, and left a remaining 25.5% portion of Samref Overseas still held by High Grade Minerals , which Glencore had set up a ...
Mopani Copper Mines PLC (also known as Mopani) is a Zambian company that produces and sells copper and cobalt to the international market, being one of the biggest mines and exporters in the world. After being owned by ZCCM Investment Holdings [ 1 ] [ 2 ] since its founding, the company had a 51% stake sold to International Resources Holding ...
In September 2011, using his own dividends, Glasenberg started buying a larger share of Glencore, buying up to an additional US$ 54 million of Glencore stock. [10] In April 2012 it was reported that Glasenberg held more than 15 per cent of Glencore's stock, placing him as the 20th richest mining billionaire, with Forbes estimating his net worth ...
Minara Resources Pty Ltd is a mining company in Western Australia, specializing in the mining of cobalt and nickel.It is wholly owned by the Swiss commodities trading firm, Glencore as of November 2011.