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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xstrata plc. - All News and Analysis
Anglo Appoints RBS Chairman to Board
ReutersUK
- 2009-11-09
By Eric OnstadLONDON (Reuters UK) - Miner Anglo American PLC AAL -- under pressure by shareholders to perform following an abortive merger approach by Xstrata XTA -- made the first of three new appointments to revamp its board on Monday.Anglo appointed Sir Philip Hampton, the chairman of the Royal Bank...
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 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...
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...
A full glass for BHP Billiton
BNET
- 2009-08-12
This year investors in mining companies have grown accustomed to seeing the glass as half empty rather than half full, as profits have evaporated following the fall in commodities prices. But BHP Billiton, the world???s largest mining company, filled investors??? cups to the brim on Wednesday by reporting full-year results...
BREAKFAST DEALS: China billion
BNET
- 2009-08-11
Lunch isn't just for wimps. Check out LUNCH DEALS for more wheels and deals later today. China hasn't completely turned off Australia, with rumours of China Investment Corporation buying a $1 billion convertible note in Fortescue following its investment in Goodman Group. Also, Rio Tinto's Stern Hu is expected to...
Glass Door
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