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Xstrata Ltd news

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price chart / MMG agrees $5.85bn deal to buy Las Bambas from Glencore ...
The deal which is expected to close in the third quarter is subject to approval from China's ministry of commerce and MMG's shareholders.
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Elementos Limited appoints former Xstrata Coal chief geologist as CEO
McManus has over 20 years of experience in mining and geology, including significant experience in project development. He was formerly chief geologist with Xstrata Coal, regional manager with AMC Consultants, and managing Director of Scorpian Energy ...
Ex-Xstrata CEO Davis Raises About $3.75 Billion to Buy Mines
“The capital with gearing puts the target size at the $500 million to $2 billion mark for assets,” said Paul Gait, an analyst at Sanford C. Bernstein Ltd. in London. “So we are talking about medium-sized copper mines or reasonable zinc assets and ...
Mick Davis raises $3.75bn for new Xstrata
Mick Davis eyes raid on his old firm Xstrata as he secures �2.25bn funding ...  This is Money
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Solid Resources Ltd.: Glencore Exercises Option to Take 20% Equity in Cehegin
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 6, 2014) - Solid Resources Ltd. ("Solid" or the "Company") (TSX VENTURE:SRW) is pleased to announce that Glencore Xstrata plc ("Glencore") has exercised its option to take 20% equity in the ...
Glencore Xstrata set to take 20% stake in Solid Resources' Cehegin  The Northern Miner (subscription)
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Former Glencore executive wins pay case
A High Court judge ruled on Friday that Richard Elliston, ex-company secretary of Glencore Services (UK), which was then known as Xstrata Services, was entitled to severance after he was told in 2012 that he was not entitled to both payments because it ...
Xstrata founder targets Anglo deal
MINING tycoon Mick Davis has entered the fray again, tabling a multibillion pound offer for a big chunk of Anglo American's empire.
Ex-Xstrata CEO's X2 Said to Be in Talks With Rio on Coal
X2 Resources, the private-equity firm founded by former Xstrata Chief Executive Officer Mick Davis, is in talks to buy Rio Tinto Group's controlling stake in three Australian coal mines, according to two people familiar with the matter.
Big global coal move by X2 (subscription)
Mick Davis is ready to make a contrarian bet on thermal coal  Financial Times
Glencore tweaks export model amid tax scrutiny
Glencore says it will stop funnelling sales from its Australian coal operations through Singapore, a move that comes amid growing concern in Canberra about the impact that alleged tax avoidance by multinational mining companies is having on the country ...
Glencore to shift Singapore coal office to Australia  World Coal
Glencore tax drops to $77m, blames coal slump, losses  The Australian Financial Review
Glencore to divest 24% stake in Lonmin
Glencore came to own its stake in Lonmin through its $68bn acquisition of Xstrata in 2013, and Ivan Glasenberg, chief executive, has on several occasions described the holding as “non-core”.
Glencore to divest 23.9pc Lonmin stake
Glencore's chief opts for Lonmin share-out  The Guardian
Glencore's ambitions have global implications
While there is limited overlap between the two groups in terms of individual commodities, possession of such a suite of minerals would give Mr Glasenberg a more powerful grip on the industry.
Glencore eyeing other takeovers after Rio Tinto mega-merger proposals rebuffed  This is Money
Rio's Acquisition Of Freeport Could Ward Off Rio-Glencore Merger  Bidness ETC
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