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
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investment and xstrata plc. - All News and Analysis
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 Gives Up on Anglo Bid
ReutersUK
- 2009-10-15
By Eric OnstadLONDON (Reuters UK) - Miner Xstrata XTA has given up its pursuit of rival Anglo American AAL, it announced on Thursday, leaving Anglo to push ahead with its own restructuring plan and raising questions about whether Xstrata will revisit former target Lonmin LMI.Xstrata said it has dropped its...
FTSE Down 0.1 Percent
ReutersUK
- 2009-10-15
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,...
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...
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...
ACCC not to oppose Xstrata Plc's proposed acquisition of MIM Holdings Limited.
- 2003-05-09
M2 PRESSWIRE-9 May 2003-ACCC: ACCC not to oppose Xstrata Plc's proposed acquisition of MIM Holdings LimitedC1994-2003 M2 COMMUNICATIONS LTD RDATE:05092003 The Australian Competition and Consumer Commission will not oppose the proposed acquisition of MIM Holdings Limited by Xstrata plc, ACCC ...
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