BNET Industries
Last Fiscal Year Sales:$8.0B
- Public
- CH
Dow Jones Description
Extracting minerals and materials for over 40 years. London, England-based Xstrata Plc (London: XTA) is a diversified metals and mining company. The company exports coal, produces ferrochrome and vanadium, mines and smelts zinc, mines anthracite and harvests wood. These activities are carried out throughout Australia, South Africa, Spain, Germany, Argentina, Chile and its home base of the United Kingdom. The company was founded in 1958, has revenue of $8 billion and employs about 17,000 people. In 2005 the company acquired a one-third stake in CerrejA¦n thermal coal operation, a large scale, cost competitive asset with an exceptional reserve base and access to the high growth US and European markets for $1.7 billion, and purchased 19.9% of Falconbridge Limited.
Number of Employees 40,049
Peer Companies
NAICS Code All Other Metal Ore Mining: 212299
Recent Events
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BlueScope singled out by Xstrata suit
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PRESS DIGEST-Australian Business News - Nov 5
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New Gold Announces a 16% Increase in Production, 17% Decrease in Cash Cost in the...
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Xstrata Q3 output mixed, concern on currencies
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It's Only A Matter Of Time Before Mick Davis Seduces Cynthia's Shareholders
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Three Deals Enter, Two Deals Leave
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Xstrata Drops Anglo American Bid
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Anglo American Is to Shed Managers and Some Units
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Marcial: The Gleam in Barrick Gold
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New Gold Announces 16% Increase in Gold Sales and 17% Decrease in Cash Cost in...
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Xstrata set to put Anglo bid on hold: report
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DJ Xstrata: Won't Exercise Option On Minera Andes Copper Project
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Xstrata abandons Anglo, commits to US$700m expansion
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Xstrata Holds On $48B Anglo Deal
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FNX begins shipping ore
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Deadline set for Xstrata to make Anglo bid
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Glance-Miners, oils, banks drive FTSE to fresh 2009 highs
News & Analysis
Filter by
financial accounting and xstrata plc. - All News and Analysis
Xstrata Has Concern on Currencies
ReutersUK
- 2009-10-20
By Eric OnstadLONDON (Reuters UK) - Mining group Xstrata XTA produced more coal in the third quarter thanks to acquisitions, but lower ore grades cut copper output, while investors worried that strong currencies in mining nations would crimp margins.Shares in Xstrata, for which coal and copper are the most profitable...
Xstrata still keen on deal with Anglo
Financial Times
- 2009-10-15
Xstrata signalled on Thursday that it remained interested in a deal with Anglo American even as it dropped its ambitious proposal for a "merger of equals" with the rival miner.The Switzerland-based mining company on Thursday backed away from making a formal offer for Anglo after the UK Takeover Panel...
Xstrata in cash deal to sell Chilean project
Financial Times
- 2009-10-12
Xstrata, the multinational mining company, has agreed to sell its controlling interest in an undeveloped Chilean copper and gold project to Canada's Barrick Gold, the world's largest gold miner, for $465m (£294m) cash.The move has increased industry speculation about Xstrata's intentions ahead of its October 20 deadline to formalise...
Xstrata Likely to Walk Away From Anglo
ReutersUK
- 2009-10-12
By Raji MenonLONDON (Reuters UK) - Mining group Xstrata XTA has told a top-10 shareholder that it would likely abandon its pursuit of rival Anglo American AAL, the investor said on Monday."They have pretty much indicated to us that they will be walking away," the investor, who declined to be...
Flurry of mining interest revives flagging Footsie
Financial Times
- 2009-09-04
Bid hopes lifted Lonmin yesterday as the mining sector gave the FTSE 100 its first gain of the week.The platinum specialist was up 9.4 per cent to £15.78 after Exane BNP Paribas added its weight to speculation Xstrata will make a second bid approach.Xstrata, Lonmin's 24.9 per...
Xstrata appeals to Anglo as profits plunge
Financial Times
- 2009-08-04
Mick Davis, chief executive of Xstrata, called again on rival miner Anglo American to engage in merger talks for the sake of both companies' shareholders, as the Swiss-based mining company's profits fell 68 per cent but still beat expectations.Xstrata's message on Tuesday at its interim results was very similar...
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Glass Door
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