by Richard | Feb 7, 2012 | News
London Mining Network’s concerns about Glencore and Xstrata involve the companies’ environmental and human rights impacts. But not even all the financial commentators are happy about the proposed merger. Money Morning says: Xstrata is a good fit for...
by Richard | Feb 7, 2012 | News
Mining firm Xstrata has formally announced plans to merge with Glencore, the world’s biggest commodity trader. The deal would value the combined new business at $90bn (£56bn), of which Xstrata would comprise $39bn. The announcement came as Xstrata revealed a 20%...
by Richard | Feb 10, 2012 | News
Moves by unknown shell companies to control lucrative natural resources may have cost Democratic Republic of Congo $1 billion in lost revenue, as UK-listed mining company Glencore comes under pressure to explain deals. See...
by michaela | Feb 15, 2012 | News
The two companies are some of the biggest borrowers of syndicated loans globally and bankers say the combined entity would need to do something to restructure banks’ exposure. See ...
by michaela | Mar 7, 2012 | News
Glencore/Xstrata make iron ore a priority Glencore and Xstrata, set to create a $90 billion mining powerhouse, have put iron ore at the top of their post-merger to-do list, building up the one key commodity where they are all but absent. Yet industry sources caution...
