Former Xstrata boss's raises more for deals

2014-10-15 13:15

The former boss of mining company Xstrata, Mick Davis, has secured a further $1bn in funding from unnamed investors.

Glencore-Xstrata merger passes last hurdle

2013-04-16 14:19

Glencore and Xstrata have cleared the final hurdle in their long-running merger plan, when China's Ministry of Commerce conditionally backed the $35bn deal.

Glencore profit down as impairments bite

2013-03-05 09:35

Commodities trader Glencore, just a month away from completing its takeover of mining rival Xstrata, has met expectations with a 25% drop in net income.

Xstrata, Glencore hearing postponed

2012-12-10 17:54

A hearing by the competition tribunal on Glencore's $33bn takeover of Xstrata has been postponed until next month, the court says.

Xstrata urges Lonmin shake-up

2012-11-16 07:55

Swiss commodities giant Xstrata has called for management changes at Lonmin, citing serious financial problems at the platinum mining group.

Lonmin warns future at stake

2012-11-13 15:32

Lonmin urged its shareholders to support an $817m cash call, warning that without the balance sheet boost it would be vulnerable.

Lonmin snubs Xstrata takeover proposal

2012-11-09 11:37

Lonmin has rejected a proposal from its largest shareholder Xstrata to take control of the miner by folding its PGM and alloys division into the platinum miner.

Mine labour strife continues

2012-10-15 18:06

Several wildcat strikes in the mining sector continue, with companies taking a firmer stance by firing workers or abandoning talks to end labour disputes.

Mining unrest: Police won't 'hesitate'

2012-09-15 16:16

The police say they will not hesitate to act against "unruly behaviour" and illegal gatherings by striking miners after a morning raid on the Marika mine hostels.

Glencore lays out final bid for Xstrata

2012-09-10 08:35

Commodities trader Glencore has laid out its revised $36bn all-share bid for miner Xstrata, raising its offer but warning it would not improve the terms further.

Glencore raises offer for Xstrata

2012-09-07 13:37

Glencore has raised its offer for miner Xstrata to salvage the $37bn bid, that appeared to be heading for the rocks after Qatar held out for more.

Mantashe: Black business must deliver

2012-08-21 21:28

Black business should deliver affordable, quality products and services if it wants government contracts, ANC secretary general Gwede Mantashe says.

Lonmin bleeds as troubles deepen

2012-08-20 10:26

Lonmin shares have tumbled 4% as as investors fretted over the prospect of a cash call to shore up its balance sheet.

Qatar makes shock Glencore move

2012-06-27 09:42

Qatar Holding’s shock rebuff of Glencore’s offer in its $30bn takeover bid for miner Xstrata shows a new stance by a hitherto quiet investor in its portfolio.

Merafe output down on power deal

2012-05-02 09:41

Ferrochrome producer Merafe says output from its joint venture with Xstrata fell 21% in the first quarter, after furnaces were suspended to reduce power demand.

Glencore sticks to 'logical' Xstrata deal

2012-03-05 10:41

Commodities trader Glencore says its takeover of Xstrata is a logical next step, but has not indicated if it would sweeten its offer to win over shareholders.

Glencore set to sweeten Xstrata bid

2012-02-16 13:03

Global miner Xstrata wants suitor Glencore to boost its all-share offer, and over a week after the tie-up announcement a modest sweetener seems to be on the cards.


Three Xstrata mines on strike

2013-05-31 10:35

Workers at three of Xstrata's chrome mines in Limpopo have embarked on an unprotected strike, the company says.

Glencore boss on acquisition trail

2013-05-02 09:03

After years of on-off talks, months of brinksmanship and bitter negotiations, Glencore's head Ivan Glasenberg gets to complete the $30bn acquisition of Xstrata.

Glencore-Xstrata merger awaits China nod

2013-04-02 10:08

Swiss mining giant Xstrata and commodities trader Glencore have pushed back further the date to finalise their merger as they wait for Chinese approval.

Water scarcity threatens mines' ratings

2013-02-14 16:57

The ratings of global mining companies could plunge as competition for limited water resources between mines and people intensifies, says a ratings agency.

Glencore-Xstrata merger decision soon

2013-01-21 11:19

The Competition Tribunal says it will issue its decision on the proposed takeover of global miner Xstrata by commodities trader Glencore on Tuesday.

Xstrata ups PNG mine cost estimate

2012-12-24 04:50

Xstrata has raised its capital spending estimate for the undeveloped Frieda River copper mine in Papua New Guinea to $5.6bn, as costs to develop new mines escalate.

Huge backing for $31bn Xstrata takeover

2012-11-20 11:42

Shareholders in commodity trader Glencore have voted overwhelmingly in favour of its long-awaited $31bn takeover of miner Xstrata.

Expert: Instability needs leadership

2012-11-15 14:16

The instability in the South African mining sector can only be resolved with sound, accountable leadership by all parties, a mining expert says.

Xstrata sacks 400 workers in SA

2012-11-01 20:06

Swiss mining giant Xstrata says it has sacked 400 of its workers who have been on an illegal strike for a week at one of its South African mines.

Xstrata workers join mining strike

2012-10-09 19:41

Workers at Xstrata's mine in Brits have joined a wave of illegal and unprotected strikes in the sector, says the provincial branch of Cosatu.

Guards held hostage in Witbank mine

2012-09-12 07:06

Fifteen security guards have been held hostage by a group of men inside a shaft at the Xstrata mine in Witbank, Mpumalanga.

BHP to shut mine, Xstrata cuts jobs

2012-09-10 07:59

Falling commodity prices have hit Australian miners, with BHP Billiton saying it will stop production at a coal mine and Xstrata Coal slashing 600 jobs.

Glencore delays vote on Xstrata bid

2012-09-07 11:30

Glencore's $34bn takeover bid for miner Xstrata appears to be back on after it postponed a shareholder meeting that had been expected to vote on the faltering deal.

Glencore offers no Xstrata clues

2012-08-21 08:43

Commodities trader Glencore has stuck to its guns on a $30bn bid for miner Xstrata, as it reported a fall in earnings for the first half of 20128.

Lonmin mulls $1bn rights issue

2012-08-19 08:36

Platinum miner Lonmin is considering a $1bn rights issue to recoup losses following the closure of its Marikana mine where 34 workers were killed, says a report.

Expansions help lift Xstrata output

2012-07-31 15:12

Newly commissioned expansions and improved productivity for Xstrata helped deliver stronger second-quarter production in coal‚ copper‚ nickel‚ zinc and lead.

Glencore fights to save $26bn Xstrata bid

2012-06-28 08:17

Commodities trader Glencore battled to save its $26bn bid for miner Xstrata after shareholder Qatar stunned the pair with a late demand for better terms.

Glencore to lay out Xstrata merger plans

2012-05-27 15:38

Glencore will this week move into the final stage of its long-awaited $30bn takeover of miner Xstrata, as shareholders are sent detailed documents on the deal.

Glencore faces stand-off in Xstrata charm bid

2012-03-09 07:39

Recalcitrant shareholders are holding out on Glencore's takeover bid for miner Xstrata and the global commodities trader warns it would walk away rather than overpay.

Eskom helped by more furnace shutdowns

2012-03-01 10:32

International Ferro Metals is the latest company to stop furnaces running in a bid to assist Eskom manage tight power supply.

Shut furnaces help Eskom ease shortages

2012-02-17 10:11

The closure of five furnaces by Xstrata and Merafe until May will allow Eskom to use that power capacity to ease tight supply.

Merafe/Xstrata JV in talks with Eskom

2012-02-14 11:08

Merafe Resources says the Xstrata-Merafe chrome venture is in discussions with Eskom to assist the power utility with immediate supply requirements.

BHP profit dips but still in league of its own

2012-02-08 08:08

BHP Billiton has reported a rare fall in earnings, hurt by labour battles and weaker commodity prices, but the miner is still in a different league than its rivals.

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