Expanding Xstrata
Published by MAC on 2007-03-30
Expanding Xstrata
30th March 2007
Already the world's fifth biggest mining company, UK-Swiss Xstrata is advancing its hold on nickel with a marketing deal sealed with the world's largest private trader, Glencore (which already owns 40% of Xstrata along with investment bank, Credit Suisse; and the pending acquistion of LionOre.
It's also pounding ahead with expansions in both Argentina and Peru.