Xstrata

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

Cecilia Jamasmie | May 8, 2014
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

Cecilia Jamasmie | May 23, 2013
Glencore trade with Iran may have help 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

Cecilia Jamasmie | May 22, 2013
Glencore Xstrata and Indian firms eye Rio’s $10bn assets for sale

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

Cecilia Jamasmie | May 3, 2013
Glencore Xstrata and Indian firms eye Rio’s $10bn assets for sale

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

Fresh delays hit Glencore-Xstrata $76 billion mega merger

Cecilia Jamasmie | April 2, 2013
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

Cecilia Jamasmie | March 26, 2013
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

Cecilia Jamasmie | March 19, 2013
Job cuts coming to Antofagasta’s freshly combined copper operations

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

Cecilia Jamasmie | March 5, 2013
Glencore Xstrata and Indian firms eye Rio’s $10bn assets for sale

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

Cecilia Jamasmie | March 5, 2013
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

Cecilia Jamasmie | March 1, 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

Cecilia Jamasmie | February 26, 2013
U.S. the 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

Cecilia Jamasmie | February 25, 2013
Illegal mining FARC

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

Cecilia Jamasmie | February 17, 2013
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

Cecilia Jamasmie | February 12, 2013
Glencore-Xstrata

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

Cecilia Jamasmie | February 11, 2013
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

Cecilia Jamasmie | February 6, 2013
Dominican Republic fast tracks mining permits approval

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

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

Cecilia Jamasmie | January 18, 2013
Glencore-Xstrata

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

Cecilia Jamasmie | January 10, 2013
Mining projects worth $7,500 million delayed by environmental authorities in Peru

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

Cutifani lined up for top job at Anglo

Cecilia Jamasmie | January 7, 2013
Mark Cutifani, Anglo American

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

Xstrata puts off $5.9bn mine in Philippines until 2019

Cecilia Jamasmie | December 12, 2012
Xstrata hinders 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

Cecilia Jamasmie | December 11, 2012
Glencore-Xstrata

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

Cecilia Jamasmie | November 26, 2012
Seven familiar names shortlisted to head Anglo American

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.

Frik Els

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

Frik Els | November 21, 2012
Former Xstrata CEO Davis gets a $1bn injection for new venture

"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

Frik Els | November 15, 2012
dominican republic environmental protests

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

Lonmin says no to takeover bid by Xstrata

Cecilia Jamasmie | November 9, 2012
Lonmin rejects takeover bid by Xstrata

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.

Xstrata’s Dominican nickel project in UN’s hands

Cecilia Jamasmie | October 23, 2012
United Nations 333

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.

More »