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
lonmin plc. and xstrata plc. - All News and Analysis
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...
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...
Struggling Debenhams 'may cut dividend'
- 2008-10-02
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...
Xstrata drops Pounds 5.6bn Lonmin bid but raises stake to block
- 2008-10-02
Miner blames state of the credit markets for withdrawal XSTRATA, the Anglo-Swiss mining giant, has walked away from its 5.6bn hostile pursuit of Lonmin, blaming the parlous state of the credit markets. Yet analysts believe it will come back to the table after building a blocking stake...
Xstrata walks away from bid for Lonmin
- 2008-10-02
Briefing MINING Xstrata has abandoned its 5.6bn takeover of rival Lonmin, thelatest deal to collapse from the deteriorating state of the financial markets. The Anglo-Swiss group was forced to drop its interest because a significant proportion of debt taken on to finance the deal would have to...
Persimmon leads rally on hope of rate cut
- 2008-10-01
Market Report PERSIMMON led the housing sector higher after Citigroup said that, given the turmoil in the financial markets, there was a "decent chance" of an emergency reduction in interest rates. The broker said that European central banks, including the Bank of England and the...
Xstrata drops bid for Lonmin, citing credit uncertainty
- 2008-10-01
ZURICH AFP — Swiss mining giant Xstrata on Wednesday said it was dropping a bid for British platinum producer Lonmin in view of tightening credit and the ongoing financial turmoil. But later on the same day, it said it had spent 440 million pounds (786 million dollars) acquiring 14.2...
Lonmin's chairman says Xstrata's Pounds 5.6bn takeover bid
- 2008-09-03
Lonmin sought to bolster its defence against Xstrata's $10bn (5.6bn) takeover approach yesterday by suggesting that the company valued its own stock at about 7 a share more than the hostile proposal. The world's third-biggest platinum producer urged investors not to accept Xstrata's 33-a-share proposal, which was made...
Another day of discounts for retailers' shares
- 2008-08-14
MARKET REPORT RETAILERS winced as the Bank of England signalled there will be no early interest rate cuts yesterday, thereby dashing any hopes of spending picking up in the high street. There was similar retail gloom in the US after sales in shops fell to...
Business Digest
- 2008-08-14
Tumble in car sales hits US main street *US retail sales fell in July, as the benefits of the one-time tax rebate from the federal government began to fade. Another big fall in car sales contributed to a 0.1 per cent decline in overall retail sales, although excluding...
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