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 CerrejAŚn 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
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ftse and xstrata plc. - All News and Analysis
FTSE Down 0.1 Percent
By David BrettLONDON (Reuters UK) - The top share index was 0.1 percent lower by mid-session Thursday, weighed on by weaker commodity stocks as metal prices fell, ahead of results from U.S. banks Citigroup and Goldman Sachs.At 11:44 a.m. British time, the FTSE 100 was down 5.56 points at 5,250.54,...
Struggling Debenhams 'may cut dividend'
Market Report MERRILL LYNCH resumed coverage on Debenhams yesterday, forecasting a fall in earnings and highlighting the prospect of a cut in the department store's dividend. "Other retailers' margin-protection strategies are likely to lead to increasing competition, which, coupled with a weak consumer [environment] and...
Vale turns $30bn spotlight on Anglo American
MARKET REPORT Potential interest from Vale, the Brazilian miner which tried to take over Xstrata earlier this year, turned the spotlight on Anglo American yesterday. A report in the Brazilian press, which suggested that Vale was close to raising $30bn (15.4bn) to fund an acquisition, sparked...
FTSE edges ahead.
Mining stocks attract interest but trading volume remains weak Jonas Crosland Speculation that the mining sector will provide more opportunities for consolidation kept leading indices in the balck this morning. By lunchtime, the FTSE100 index was sporting a gain of 30.8 points to...
Out with the new, in with the old as Xstrata, Johnson Matthey and
IT IS out with the New Economy and in with the old with the latest reshuffle of the FTSE indices promoting a packaging group, a mining company and a chemicals specialist to the FTSE 100 today. The trio move up to the top flight at the expense...
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