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Xstrata Ltd news

  
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China approves Glencore and Xstrata deal
China has cleared Glencore's $64bn merger with Xstrata after the trading house agreed to sell a mining project to put an end to 15 months of haggling over one of the largest deals to date in the natural resources industry.
Glencore-Xstrata Cleared by China as Davis Waives CEO Role  Bloomberg
Mick Davis gets �4.6m for early exit from Glencore Xstrata  Telegraph.co.uk
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Minmetals Group Buys Glencore Peru Mine for $5.85 Billion
Glencore may invest in copper projects in the Democratic Republic of Congo and Zambia or seek acquisitions, Paul Gait, an analyst at Sanford C. Bernstein Ltd. in London, said in an e-mail. “The main story will be, I guess, what next for the deal flow ...
Glencore Xstrata Sells Las Bambas Mine to Chinese Consortium  Wall Street Journal
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Former Xstrata chief made bid for BHP Billiton assets
Mick Davis, the former head of Xstrata, attempted a dramatic comeback earlier this year, approaching BHP Billiton with an offer to buy a bundle of mines from the world's largest natural resources group, said people familiar with the matter.
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Glencore plans to drop Xstrata name
Glencore Xstrata plans to drop the 'Xstrata' from its corporate name - in a move that will erase the final remnants of a company that had been one of the world's five top miners before its acquisition by the Swiss-based commodities house.
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Glencore reaps $7 billion from Las Bambas mine sale to China's MMG
MMG and its partners Guoxin International Investment Corp Ltd and state-owned CITIC Metal Co Ltd agreed in April to pay $5.85 billion, plus the money spent by Glencore since the beginning of 2014 on building the mine. Glencore had to sell the Las ...
Glencore Completes Sale of Peru Copper Mine to Chinese Joint Venture  International Business Times UK
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Glencore finishes takeover of Xstrata
In a memorandum sent to employees and seen by the Financial Times, Ivan Glasenberg, chief executive, disclosed the new organisation chart.
Timeline and Factbox: Glencore and Xstrata Merger  IBTimes.co.uk
Glencore GC appointed as Xstrata merger goes live  The Lawyer
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Former Glencore executive wins pay case
A former Glencore executive has won a legal battle to receive �418,000 in severance pay in addition to a �487,925 “transaction bonus” which he was paid after Xstrata merged with Glencore in 2013.
CompaniesGlencore puts Chilean hydropower project up for sale
Glencore has put its Chilean hydropower joint venture up for sale, according to a person familiar with the business, as the mining and commodities house moves to sell another asset to lighten its debt load.
Glencore's share price is flat after reports that it is putting another ...  City A.M.
Glasenberg apportions blame as Glencore sinks
The seasoned trader and competitive speed walker on Wednesday blamed “short-term” hedge funds which did not “understand” his business for attacking Glencore's share price, and said it was speculators who were pushing commodity prices lower.
Bad Bets Sock Mining Giant  Wall Street Journal
Glencore first-half profit tumbles amid commodities rout  The Guardian
Glencore strikes oil deal with Libyan company
Since Glencore absorbed Xstrata in 2013 to become one of the world's biggest mining companies, few investors have paid much attention to its energy business.