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Glencore plc is a Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. Glencore's oil and gas head office is in London and its registered office is in Saint Helier, Jersey. By some estimates, it is the world's largest commodity trader, [4] and among the world's largest companies. [5] [6] [7]
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]
In 2012 mining giant Glencore bought the remaining 66% share in Xstrata, taking over the McArthur River Mine. [13] In 2013, the Northern Territory Government approved another $360 million expansion that would double its size and production, extending the life of the mine to 2038. [ 14 ]
LONDON -- These are heady days for mining and trading giant Glencore International , as it moves closer to completing its 22 billion-pound merger with fellow FTSE 100-listed miner Xstrata PLC.
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 ...
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 ...
Glencore Xstrata will. 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 ...
LONDON -- Is Glencore's (ISE: GLEN.L) offer for Xstrata (ISE: XTA.L) fair? Qatar Holdings doesn't think so. Along with several institutions, it's holding out for better terms. Just 16.5% of ...
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