Xstrata Mining News

Miners’ time to rejoice: Rio Tinto hints at imminent end of downturn

The head of the world’s second largest mining company, Sam Walsh, said he will soon stop focusing on cost cuts to centre on growth again.

Glencore trade with Iran may have helped Tehran avoid UN sanctions: report

The company's head of aluminum, Gary Fegel, is set to leave the company this summer.

Aluminum chief first senior executive to leave Glencore Xstrata

The unconfirmed news came as a surprise for analysts as Fegel was reconfirmed in the post only weeks ago.

Glencore Xstrata up on first day of trading after merger

The newly combined company’s stock price rose over 4%

Fresh delays hit Glencore-Xstrata $76 billion mega merger

New deadline for completion is May 2.

Large-scale deals to head down the mineshaft in 2013: PwC

The number of global deals has fallen to its lowest level since 2005.

Rio Tinto, Xstrata to slash over 100 coal jobs each

Rio and Xstrata are not the only miners rethinking their coal business in Australia. Vale and BHP are reportedly on the same page.

Glencore-Xstrata profits hit by $2.6bn writedowns and slump in commodity prices

The results add to the recent list of a dreadful reporting season from major miners, such as Rio Tinto and Anglo American.

Mining mergers in 2012 hit lowest in seven years: PwC

Mergers and acquisitions in the sector fell 30% last year and will continue to be low in 2013.

Glencore delays closing of Xstrata merger, faces claims of aiding Iran nuclear program

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.

US big winner in Colombia’s coal industry troubles: report

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.

Terrorists attack Colombia's largest coal mine

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.

Glencore vows to appoint female director

The move would drop the number of FTSE 100 with all-male boards to five.

Glencore-Xstrata post poor key metals output

The miners joint production numbers released by Glencore revealed a decline in output across key metals such as coal and copper.

Dominican Republic: Xstrata is safe, but Barrick should pay higher taxes

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.

Dominican Republic fast tracks mining permits

Total process will take up to four months from the moment a company submits its application.

South Africa to announce decision on Glencore–Xstrata on Tuesday

South Africa's Competition Tribunal will publish its official decision on the proposed Glencore-Xstrata merger tomorrow.

Glencore and Xstrata postpone final merger date, but get Eskom’s support

Eskom's announcement removes one of the last few hurdles in the two companies' quest to create the world's fourth-biggest diversified miner.

Mining projects worth $7.5bn delayed by Peru's environmental authorities

More than half of the total reports submitted in early 2012 are still under evaluation.

Cutifani lined up for top job at Anglo

Two sources familiar with the situation said Cutifani will replace Carroll.

Xstrata puts off $5.9bn mine in Philippines until 2019

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-Xstrata deal hits South African snag

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.

Seven familiar names shortlisted to head Anglo

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.

A no-brainer? Davis takes Carroll's job at Anglo

"I have not yet decided what my future plans will be but certainly retirement will not be part of them."

New report says civil unrest threatens Dominican Republic mining

Environmental protests are increasingly likely to cause delays and increase contract cancellation risks to nickel and gold mining.