Xstrata
Background
Xstrata plc is an international mining company, listed on both the London Stock Exchange (LSE: XTA) and the SWX Swiss Exchange. Its headquarters are in Zug in Switzerland and it is a member of the FTSE 100 Index. Since the turn of the millennium it has developed from a small player into one of the world's largest diversified mining groups with the help of a series of large acquisitions. It has major operations/projects in eighteen countries (Australia, Argentina, Brazil, Canada, Chile, Colombia, the Dominican Republic, Germany, Jamaica, New Caledonia, Norway, Papua New Guinea, Peru, South Africa, Spain, Tanzania, the United States and the United Kingdom) and it is a major producer of copper, coking coal, thermal coal, nickel, ferrochrome, vanadium and zinc. It has smaller scale involvement in aluminum, gold, lead and silver.
Read full background at Wikipedia Latest news - About Xstrata
...Tinto and Peabody Energy have become the latest miners to slash coal output amid lower demand from steel makers. The plunge in coking coal demand has also cut shipments from Queensland's Gladstone port to 4.25 million tonnes last month, the lowest level since...
9 hours ago from
The Age
...union was hopeful they could come up with some strong arguments, such as transferring workers to other operations, to convince Xstrata to change their mind. But Xstrata spokesman James Rickards said the job cuts were needed to keep the Oaky Creek complex viable...
16 hours ago from
The Age
...Times, Glencore was instrumental in getting the takeover done. Now Glencore, which is best known for its 34-per-cent stake in Xstrata PLC, is poised to gain control of Katanga and a stranglehold on the company's promising assets. With Mr. Ditto gone and a...
20 hours ago from
Globe and Mail
Last Week - About Xstrata
...Bank of Scotland advancing 3 percent and UBS rising 2.7 percent. Miners also advanced, with BHP Billiton, Anglo American, Vedanta Resources, Xstrata, Antofagasta and Rio Tinto rising between 2.9 and 9.4 percent. "The good news about this year is that people...
6 days ago from
Reuters South Africa
...to start in earnest until Monday. The post-new year's glow – which one observer called the "usual first-day rally" – saw the FTSE 100 open higher on thin volumes, but there was little indication that it would continue when everyone gets back to their desks...
6 days ago from
The Independent
...FTSE 100 Index joined stock markets globally in kicking off 2009 with a bang, soaring up 2.9 per cent or 127.6 points to close at 4561. Oil and commodity stocks provided a New Year boost for the London market after the index closed 2008 with the worst annual...
6 days ago from
Channel 4
...trading volumes still thin and commodity prices rising, it is the rise in commodity stocks that is predominantly dragging the FTSE up. “Elsewherebanking stocks have also started 2009 in positive territory, as talks of further rate easing by the Bank of England...
6 days ago from
Shropshire Star
...and Xstrata's decision to abandon its bid for the group depressed sentiment around the stock. For all its problems, however, Lonmin was by no means the worst. International Ferro Metals, for example, shed almost 87 per cent of its value and was relegated from...
7 days ago from
The Independent
...changes to City codes to make it easier for companies to raise fresh cash. After the botched rights issues by banking groups HBOS and Bradford & Bingley last year, big City investors are no longer going to demand that firms raising more than one-third of their...
4 days ago from
Guardian Unlimited
...and more expensive. Rio Tinto and Xstrata, the miners, Debenhams and DSG International, the retailers, Prudential, the insurer, Hammerson and Liberty International, the property developers, and banks, including HSBC, are regarded as possible candidates to...
6 days ago from
Times Online
...run, as Vodafone rose while U.S. President-elect Barack Obama's plans for tax cuts also helped sentiment. By 0902 GMT, the FTSE 100 was up 19.65 points, or 0.4 percent, at 4,581.44 after rising 8.2 percent in a four-session winning run last week. The UK benchmark,...
4 days ago from
Reuters South Africa
...was down 1.32 per cent, United Utilities was 0.64 per cent lower and AstraZeneca dropped 0.46 per cent. Overnight, Japan’s Nikkei 225 hit a two-month high on hopes of a weaker yen, up 2.07 per cent, while Hong Kong’s Hang Seng jumped 1.43 per cent. This article...
4 days ago from
Shropshire Star
...28, down from 2.5 per cent in the same period a year ago. Its shares fell 5.5 per cent to 99.8p, the biggest loser on the FTSE 250. Another household name fell into administration. Waterford Wedgewood, the maker of cut glass and designer crockery and owner...
4 days ago from
Financial Times
Last Month - About Xstrata
...and other metals. Anglo American, Antofagasta, BHP Billiton, Vedanta Resources and Xstrata rose between 2.6 and 5.8 percent. Lonmin lagged the sector, up just 0.7 percent, as it is set to lose its place in Britain's FTSE 100 in the quarterly reshuffle. Oil...
29 days ago from
Reuters South Africa
...Securities. Other companies in the sector were also doing well, with Xstrata (UK:XTA: news, chart, profile) up 6.1% and Vedanta Resources (UK:VED: news, chart, profile) up 3.7%. Gold futures rose $6 to $780.20 an ounce in electronic trading. Other European...
29 days ago from
MarketWatch
...ongoing weak metal prices. Rio Tinto shares were up by 10.02 per cent on the announcement that 14,000 jobs will be cut, while Wood Group followed with a 7.08 per cent rise and Xstrata gained 5.68 per cent. Asian markets responded positively to hopes Beijing...
30 days ago from
Shropshire Star
...caused Rio's shares to rise 10pc as investors reacted positively to the cost-cutting plan. Other FTSE 100 miners, including Vedanta, Kazakhmys and Xstrata, followed Rio upwards with gains of up to 6pc. The $15bn of emergency loans for the ailing General Motors...
30 days ago from
The Telegraph
...Tinto's plans to cut 14,000 jobs and slash spending look dramatic, but similar moves can be expected from rivals like BHP Billiton and Anglo American, as miners are forced to adjust to the reality of a looming global recession. Rio Tinto's "very realistic"...
29 days ago from
Forbes
...for the future merged company. Vale had assembled US$50bn worth of bank finance to carry out the acquisition; some sources said Xstrata had been valued at US$90bn making the deal which, had it been successful, would have been one of the largest global takeovers...
29 days ago from
PR-Inside.com
...AstraZeneca and Sanofi-Aventis were down 1.4-2.7 per cent. Energy stocks were in the doldrums. BP, Royal Dutch Shell and Tullow Oil were down 0.4-2.4 per cent. "I think the expectation is that oil is going to come down further. There is a lot of discussion...
29 days ago from
The Daily Telegraph
...the multinationals operating in the Australian mining industry include local BHP Billiton and Newcrest, UK-based Rio Tinto, US-based Alcoa, China-based Aluminium Corporation of China (Chalco), Canadas Alcan, and Switzerland-based Xstrata. At present, the mining...
29 days ago from
PR-Inside.com
...joined the London-based bank in October after working at JPMorgan Cazenove Ltd. and listing companies including Xstrata Plc and Kazakhmys Plc. LONDON (Bloomberg) » Rio Tinto Group, the world's third- largest mining company, will eliminate 14,000 jobs, reduce...
29 days ago from
Salt Lake Tribune
...Brazil's Companhia Vale do Rio Doce (Vale) is closing the Copper Cliff South mine in Sudbury, which was once owned by Canada's Inco. Vale also delayed some Sudbury development projects and offered employees early retirement packages. In order to win Investment...
29 days ago from
Globe and Mail