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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]
Glencore's operations in 40 countries handled 3% of the world's oil consumption. Xstrata's operations in more than 20 countries employed 70,000 people. According to mining analyst John Meyer, if the two companies merged into Glencore Xstrata, they would be the 4th largest commodities trader in the world. [50]
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 ...
Shareholders of Swiss-based Glencore International have voted overwhelming to support the company's $67 billion merger with miner Xstrata. At a meeting this morning, more than 99% of Glencore's ...
When the proposed $90 billion merger between Glencore International and Xstrata was first announced, the seeds of its failure were first planted. Glencore already owned 34% of Xstrata and could ...
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.
Sir Michael Lawrence Davis (born 15 February 1958) is a South African former businessman, was the chief executive (CEO) of Xstrata plc, an Anglo-Swiss multinational mining company, until its merger with Glencore in 2013, and former chief executive and treasurer of the Conservative Party.
Just two weeks ago, the $76 billion merger was completed that created London-traded Glencore Xstrata. Today, shareholders shook up the company's board of directors by booting chairman John Bond ...