Xstrata

Glencore’s Charge on Xstrata Mining Assets

Glencore’s Charge on Xstrata Mining Assets

The latest reports are confirming that Glencore has taken up a $7.7 Billion charge on Xstrata Mining Assets.

China Reviews Glencore-Xstrata Merger’s Influence on Chinese Copper Market

China Reviews Glencore-Xstrata Merger’s Influence on Chinese Copper Market

With a proposal of merging of the world's largest supplier of the public-traded commodities, Glen Core International PLC (GLEN), with Xstrata PLC, China is reviewing the effect the alliance will put on Chinese copper market. The statement regarding the same was given by the GLEN on Tuesday.

Glencore Increases Takeover Bid

Glencore Increases Takeover Bid

This Friday was a disappointing day for Swiss mining group Xstrata, since Glencore rejected its proposal for a takeover bid signaling that it was a very low amount, as per a recent report.

Chairman of Vodafone to Head Xstrata

Chairman of Vodafone to Head Xstrata

Willy Strothotte, who is the Chairman of Xstrata since 1994 will retire on May 4, at the conclusion of Xstrata's Annual General Meeting on May 4. Mr. Strothotte will be replaced by the Chairman of Vodafone, Sir John Bond. Vodafone is the world’s second-largest mobile phone operator by market capitalization.

Commodity Boom helped Xstrata to see soaring profits

Xstrata

The commodity bang had sent profits rising at mining powerhouse Xstrata as speculation increased over the future of its biggest shareholder Glencore.

The Anglo-Swiss company stated that it has seen an eighty six per cent jump in profits for 2010 to $5.15billion (£3.2billion) after a thirty four per cent rise in revenues to thirty and a half billion dollars.

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