The newly combined company’s stock price rose over 4%
New deadline for completion is May 2.
The number of global deals has fallen to its lowest level since 2005.
Rio and Xstrata are not the only miners rethinking their coal business in Australia. Vale and BHP are reportedly on the same page.
The results add to the recent list of a dreadful reporting season from major miners, such as Rio Tinto and Anglo American.
Mergers and acquisitions in the sector fell 30% last year and will continue to be low in 2013.
The world’s largest commodities trader said more details about the pending deal will be revealed on Tuesday. Meanwhile, it faces claims of supplying Iran with key ingredients for the manufacture of tubes used in uranium enrichment centrifuges.
South America’s largest coal supplier risks losing its main customers to the US as mounting issues affecting major coal miners in the country have started to disrupt supply.
The violence comes as union leaders and company executives prepare to hold talks today, hoping to end a strike that is costing the company millions of dollars a day.
The move would drop the number of FTSE 100 with all-male boards to five.
The miners joint production numbers released by Glencore revealed a decline in output across key metals such as coal and copper.
The country's Mining Agency said it would likely let Xstrata go ahead with mine expansion plans, but added Barrick's Pueblo Viejo contract should be reviewed.
Total process will take up to four months from the moment a company submits its application.
Eskom's announcement removes one of the last few hurdles in the two companies' quest to create the world's fourth-biggest diversified miner.
More than half of the total reports submitted in early 2012 are still under evaluation.
Two sources familiar with the situation said Cutifani will replace Carroll.
Swiss miner Xstrata (LON:XTA) is delaying the commercial production of its $5.9 billion Tampakan copper-gold project in the Philippines to 2019, Sagittarius Mines Inc, the firm's local unit, said Wednesday.
Glencore has extended the deadline to complete takeover of Xstrata (LON:XTA) by a month after South African power utility Eskom expressed worries about its coal supplies.
Well-known executives headhunted from major mining companies such as BHP Billiton, AngloGold Ashanti, Barrick Gold and Xstrata have made the cut to become Anglo American’s new CEO.
"I have not yet decided what my future plans will be but certainly retirement will not be part of them."
Environmental protests are increasingly likely to cause delays and increase contract cancellation risks to nickel and gold mining.
Despite market rumours indicating otherwise, South Africa’s platinum producer Lonmin (LON:LMI) rejected Friday a reverse takeover bid by Xstrata (LON:XTA), its unhappy largest shareholder, as it announced a loss before tax of $698 million in the financial year ending in September.
United Nations Development Program (UNDP) representative, Valerie Julliand, announced Tuesday the body has agreed to the Dominican Republic’s government's request to review Xstrata Nickel’s environmental impact study for the Loma Miranda project, located in the country’s central region.
Qatar's sovereign investment fund, the second largest shareholder in Xstrata PLC (LON:XTA) with 12% of equity, confirmed Monday it is looking positively at the company's planned merger with Glencore International (LON:GLEN).
Diversified miner Xstrata (LON:XTA) announced Wednesday it is suspending operations at its Cosmos nickel mine in Western Australia, as nickel prices have plummeted dramatically.
Diversified miner Xstrata (LON:XTA) and commodities trader Glencore International (LON:GLEN) have now until October 1 to decided on the $36 billion lauded merger.
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