Factbites
 Where results make sense
About us   |   Why use us?   |   Reviews   |   PR   |   Contact us  

Topic: Xstrata


Related Topics

In the News (Wed 19 Nov 08)

  
  Xstrata Plc - Coal
Xstrata Coal is the world's largest producer of export thermal coal and a significant producer of coking coal.
Xstrata Coal’s New South Wales operations include both underground and open cut mines, the majority of which are located in the Hunter Valley with the remainder in the western coalfields.
Xstrata Coal is one of Australia's leading suppliers of semi-soft coal to the Japanese steel industry and the second largest supplier of thermal coal to Japan, positioning Japan as the company's largest customer.
www.xstrata.com /prod_coal.php   (1367 words)

  
 Xstrata - Wikipedia, the free encyclopedia
Xstrata plc is an international mining company, listed on both the London Stock Exchange and the Zürich Stock Exchange.
Xstrata has grown from a market capitalisation of just over US$2 billion, at its listing in March 2002, to around US$40 billion in August 2006, after its successful acquisition of Falconbridge Limited, a Canadian diversified mining company.
In August 2005, Xstrata purchased a 19.9% stake in Falconbridge Limited, a diversified Canadian mining company producing copper, nickel, aluminum and zinc.
en.wikipedia.org /wiki/Xstrata   (304 words)

  
 Xstrata says takes control of Falconbridge - Boston.com
Xstrata said 67.8 percent of Falconbridge shares were tendered by the close of the offer and that it now owned 92.1 percent of Falconbridge's shares.
Xstrata said earlier this month that it expects to finalize a rights issue during the fourth quarter to help fund its acquisition.
At 0856 GMT, shares in Xstrata were down 1.2 percent at 2,193 pence, with the FTSE 100 index <.FTSE> 0.3 percent lower.
www.boston.com /news/world/europe/articles/2006/08/15/xstrata_says_takes_control_of_falconbridge   (485 words)

  
 Newsvine - Xstrata Launches Bid for Falconbridge   (Site not responding. Last check: 2007-11-01)
Xstrata proposed to pay 52.50 Canadian dollars ($47.19) per Falconbridge share for the 80.2 percent stake in the Canadian mining company that it doesn't already own.
Xstrata said a combination between it and Falconbridge would create the world's fifth-largest diversified mining company, with leading market positions in copper, nickel, thermal and metallurgical coal and zinc.
Xstrata is paying a 12.3 percent premium to Inco's current offer for Falconbridge, based on the May 5 closing price, Xstrata said.
www.newsvine.com /_news/2006/05/17/199369-xstrata-launches-bid-for-falconbridge   (280 words)

  
 Xstrata planning rights issue: paper - Boston.com
Xstrata, which was not immediately available for comment, has said previously it would sell new shares to help refinance loans taken out to fund any acquisition of Falconbridge.
On Friday, Xstrata said it had bought another 18.5 million Falconbridge shares, or nearly 5 percent of the company, at an average price of C$62.25, taking its stake to 24.5 percent.
Xstrata shares climbed 7.5 percent on Friday to close at 2,301 pence and value the business at 17.7 billion pounds.
www.boston.com /news/world/europe/articles/2006/07/30/xstrata_planning_rights_issue_paper   (269 words)

  
 www.mineweb.net | co_releases Xstrata   (Site not responding. Last check: 2007-11-01)
Xstrata plc (“Xstrata”) announces its acquisition of the Tintaya mine and associated satellite deposits (“Tintaya”) in Peru, South America, from BHP Billiton Ltd (“BHP Billiton”) for US$750 million.
Xstrata Copper Chief Executive Charlie Sartain said the Tintaya acquisition was an important step in the execution of the business unit’s growth strategy.
Xstrata maintains a meaningful position in six major international commodity markets: copper, coking coal, thermal coal, ferrochrome, vanadium and zinc, with additional exposures to gold, lead and silver.
www.mineweb.net /co_releases/337939.htm   (932 words)

  
 Xstrata plc announces C$52.50 per share cash offer for Falconbridge Limited
Xstrata believes there is a compelling strategic rationale for and substantial benefits to be gained from the combination of the two businesses and that the transaction is in the best interests of both Xstrata and Falconbridge and their respective shareholders, customers, employees and other stakeholders.
Xstrata is therefore more motivated to grow the business than any other potential owner and will move as quickly as market demand allows to deploy its expertise and capital to realise the additional value inherent in the new global nickel business.
Xstrata revenue is presented as the aggregated results of Xstrata, Xstrata's attributable share of Iliad, which is assumed to be all South America, and Tintaya, which is assumed to be all South America.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/05-17-2006/0004363358&EDATE=   (3511 words)

  
 WMC staff cuts in Xstrata's sights - Business - www.smh.com.au
Xstrata's bidder's statement for its $7.4 billion takeover offer for WMC Resources will be released today and is expected to confirm the worst fears of WMC's 400-strong Melbourne staff: Xstrata's intention to cut their numbers.
Xstrata, which prides itself on its ability to function with a small corporate centre, is expected to detail in its bidder's statement its plans to close WMC's Melbourne's offices.
Under Xstrata's commodity-based corporate structure, the nickel business - a new business for Xstrata - would have its corporate functions office based in WA, while Olympic Dam would be wrapped into Xstrata's global head office for copper in Brisbane, a legacy of its $4.9 billion takeover last year of the Queensland mining giant, MIM.
www.smh.com.au /news/Business/WMC-staff-cuts-in-Xstratas-sights/2004/11/29/1101577419103.html?from=moreStories   (375 words)

  
 WMC finds ally in spat with Xstrata - Business - www.theage.com.au
Xstrata chief executive Mick Davis earlier this week told The Australian Financial Review that the idea that "suddenly there is an indefinite shortage of uranium is just complete nonsense".
According to WMC, Xstrata's $7.4 billion bid does not reflect the full value of that strategic position in a world where consumption by the nuclear power industry continues to outstrip new mine supply.
Xstrata is believed to have lodged its application for clearance with the Foreign Investment Review Board last Friday.
www.theage.com.au /news/Business/WMC-finds-ally-in-spat-with-Xstrata/2005/01/26/1106415663396.html?from=moreStories   (423 words)

  
 Xstrata Offer Update
Xstrata does not have this level of spare capacity in its businesses and this theoretical level of cost savings can therefore not be assumed.
Xstrata's Increased Offer of AUD7.20 per share is: * within the WMC Independent Expert's value range; and * at the upper end of the derived stand-alone value range of AUD6.48-7.51 per share, which incorporates a premium for control.
Xstrata shareholders approved the acquisition of WMC at an Extraordinary General Meeting held on 13 January 2005.
www.advfn.com /news_offer-update_10171783.html   (1097 words)

  
 Xstrata plc - Free Market News Network
Xstrata is facilitating ARM Coal’s entry by funding the acquisition of 51% of the Goedgevonden project and providing all the funding required to commission this project.
Xstrata completed a feasibility study into the Goedgevonden Project in September 2005, which confirmed the potential of the project to produce approximately 3.2 million additional tonnes of export thermal coal per annum, together with approximately 3.4 million tonnes of domestic thermal generation supply capacity.
Xstrata Coal is one of the world’s largest producers of export thermal coal and the third largest exporter of thermal coal from South Africa, producing almost 20% of all thermal coal exported.
www.freemarketnews.com /Press-Release.asp?nid=2449   (984 words)

  
 Mining marriage a messy affair for Xstrata and Falconbridge
Xstrata is the Swiss mining group that last week snapped up 19.9 per cent of Falconbridge for $28 a share, for a total of $2-billion.
Xstrata, a major copper and coal producer that has a stock market value of more than $15-billion (U.S.), announced yesterday that it had purchased Brascan Corp.'s stake in Falconbridge, triggering speculation that the Swiss company's next move would be to acquire the rest of Falconbridge.
Xstrata's foray into the Canadian mining sector comes as the dust is still settling from the merger of the former Noranda Inc. and Falconbridge.
www.minesandcommunities.org /Action/press713.htm   (5545 words)

  
 Xstrata increases offer for Falconbridge to C$63.25 per share in cash including special dividend and waives minimum ...   (Site not responding. Last check: 2007-11-01)
Xstrata expects to mail a formal notice of variation to all Falconbridge shareholders on 21 July 2006.
Xstrata has received irrevocable undertakings from Credit Suisse Securities (Europe) Limited and Glencore International AG to vote in favour of the resolution to be proposed at the meeting.
Xstrata's 20% stake in Falconbridge, purchased at C$28 per share, puts us in the unique position of being able to offer C$63.25 per share, a price that is simply more than any other company can justify under any realistic commodity price scenario.
www.quote.com /qc/news/story.aspx?story=200607191157_CNW_200607190757CANADANWCANADAPR_C7863&symbols=QCNEWS:0   (1402 words)

  
 The New York Times: Search > Topic: XSTRATA
Xstrata abandoned its requirement to win 90 percent of WMC shares be...
Xstrata, a mining company based in Switzerland, raised its hostile takeover bid for the Australian mining company WMC Resources by more than 13 percent, to 8.4 billion Australian dollars ($6.5 billion) as the company's stock price continued to rise on hig...
The Swiss mining company Xstrata began a hostile $5.8 billion bid for the Australian mining company WMC Resources yesterday, in what analysts said could turn into an international bidding war as the global hunt for inexpensive resources to supply China in...
query.nytimes.com /search/query?ppds=org&v1=XSTRATA&sort=newest   (620 words)

  
 Precious Metals wins battle with Xstrata - Business - www.smh.com.au
Xstrata agreed to pay PMA a $10 million settlement over the shuttered Windimurra mine in Western Australia and to make a separate $7.5 million payment for environmental rehabilitation costs.
Xstrata of Switzerland suspended its Windimurra operations in 2003 and permanently closed the site in May last year after concluding it was "not economically viable".
The dispute was settled after Xstrata contacted PMA last week and asked Mr Smith to meet their representatives in Zurich.
www.smh.com.au /news/Business/Precious-Metals-wins-battle-with-Xstrata/2005/04/22/1114152325066.html?from=moreStories   (386 words)

  
 CBC News: Xstrata extends Falconbridge offer to sweep up remaining shares   (Site not responding. Last check: 2007-11-01)
Xstrata PLS has extended its offer for Falconbridge by one week in hopes of picking up any leftover stocks in the Canadian mining giant that have not yet been tendered.
Xstrata's announcement early Tuesday was largely a housekeeping move after the Swiss-based company formally moved into the Falconbridge offices.
Xstrata was handed 257.7 million Falconbridge common shares in recent days, representing 67.8 per cent of the total outstanding.
www.cbc.ca /story/business/national/2006/08/15/xstrata-tues.html   (1044 words)

  
 CNN.com - Swiss miner to buy M.I.M. for $3bn - Apr. 7, 2003
Xstrata, the world's fourth-biggest coal exporter, said on Monday it would pay A$1.72 for each M.I.M. share, representing a 38 percent premium to M.I.M.'s closing share price in November before the two said they were in talks.
The acquisition diversifies Xstrata's business and assets out of South Africa, where mining laws are changing from apartheid-era practices.
Xstrata's take over is the biggest of an Australian company since a Macquaire Bank-led group bought Sydney Airport for A$5.6 billion in June.
www.cnn.com /2003/BUSINESS/04/07/xstrata   (329 words)

  
 globeandmail.com : globeinvestor.com : Xstrata outbids Inco in $18 bln Falconbridge deal
Xstrata said the combination would boost earnings and cash flow substantially in the first full year of consolidation.
Xstrata said it would offer C$52.50 in cash for each Falconbridge share it does not already own.
Xstrata ended 5.3 percent lower at 1,990 pence, after an early rise as high as 2,198p, up nearly 5 percent on the day.
www.globeinvestor.com /servlet/story/ROC.20060517.2006-05-17T201336Z_01_WLB9329_RTRIDST_0_BUSINESS-MINERALS-XSTRATA-CA-COL/GIStory   (713 words)

  
 Xstrata Plc
Thursday, 20 April 2006: Xstrata's Sustainability Report 2005 is available for online browsing and for download.
Xstrata is a major global diversified mining group, listed on the London and Swiss stock exchanges.
Xstrata is headquartered in Zug, Switzerland and maintains a meaningful position in seven major international commodity markets: copper, coking coal, thermal coal, ferrochrome, nickel, vanadium and zinc, with a smaller but profitable aluminium business, recycling facilities, additional exposures to gold, lead and silver and a suite of global technologies, many of which are industry leaders.
www.xstrata.com   (301 words)

  
 PRESS RELEASE Xstrata Copper Announces New Senior Management Appointment   (Site not responding. Last check: 2007-11-01)
Xstrata Copper is headquartered in Brisbane, Australia, with regional offices in Santiago, Chile; Lima, Peru; Buenos Aires, Argentina; and Toronto, Canada, and is one of the commodity business units within the major global diversified mining group Xstrata plc.
Xstrata Copper's mining operations span five countries and comprise mines, mineral processing plants and port facilities in North Queensland, Australia; mining and processing operations and port facilities in Chile, Peru and Argentina in South America; and mining and processing plants in Canada.
Xstrata Copper is the third largest global copper producer, with annual managed production of over one million tonnes.
www.marketwire.com /mw/release_html_b1?release_id=159378&tsource=3   (546 words)

  
 [No title]
Xstrata (UK:XTA: news, chart, profile) said net income in the year rose 60% to $1.71 billion as revenue grew 25% to $8.05 billion.
Xstrata said the coal produced there is attractive to the U.S. power generation market for factors such as a low ash content.
Xstrata also was outbid in 2005 by BHP Billiton for WMC Resources, an Australian copper and nickel miner.
www.marketwatch.com /News/Story/Story.aspx?guid={CB0E35A4-2B7C-4540-877C-4863483FF7E0}&dist=newsfinder&siteid=google&keyword=   (745 words)

  
 Bloomberg.com: Australia & New Zealand
Xstrata must address nine environmental issues, Kon Vatskalis, the Northern Territory mines and energy minister, said in an e-mailed statement after rejecting the Zug, Switzerland-based company's original plan.
Xstrata said in August it would close the McArthur River mine if it didn't get approval for its plan to convert it to an open-pit operation and extend the mine's life by 25 years.
Xstrata in August said it will be able to increase annual output at the mine to 1.8 million tons if the mine is moved into an open-pit operation, from 1.6 million tons at present.
www.bloomberg.com /apps/news?pid=10000081&sid=awULfN65HS1A&refer=australia   (490 words)

  
 TheStar.com - Probe Xstrata offer: NDP
Xstrata, a global mining giant listed on the London Stock Exchange, is battling Canadian miner Inco Ltd. for ownership of Falconbridge.
As one of the largest British companies, Xstrata is subject to all of the codes of corporate governance, best practices and disclosure of the London Stock Exchange.
Xstrata was built after Glencore put a substantial amount of money into the company in 1990.
www.thestar.com /NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1148854212018&call_pageid=970599119419   (924 words)

  
 globeandmail.com : Who is Xstrata, anyway?
Xstrata PLC took one big step forward Wednesday in its ambition of becoming one of the world's top mining companies.
Xstrata, with about 26,000 employees world-wide, has become a major global player in the mining world since its London listing in 2002.
Xstrata's origins go back to 1926, when Sudelektra Holding AG was formed in Switzerland.
www.theglobeandmail.com /servlet/story/RTGAM.20060517.wxstrata0517/BNStory/Business/home   (762 words)

  
 ShareCast - News you can use
Xstrata, which is bidding for Canadian miner Falconbridge, posted a 42% surge in first-half profit, helped by strong metal prices and increased volumes.
Xstrata soared today after rival bidder Inco announced that it was pulling out of the race for Canadian nickel group Falconbridge after it failed to win enough shareholders round.
Xstrata is refusing to let go of its interest in Falconbridge and has raised its offer for the Canadian nickel group for a second time.
www.sharecast.com /cgi-bin/sharecast/security.cgi?csi=48626   (361 words)

  
 PRESS RELEASE Xstrata Acquires Additional 4.9% of Falconbridge and Commences Compulsory Acquisition to Achieve 100%   (Site not responding. Last check: 2007-11-01)
Xstrata has taken up and accepted for payment all shares tendered, which represent approximately 4.9% of the issued and outstanding Common Shares on a fully diluted basis.
The Xstrata group's actual results of operations, financial condition, liquidity, dividend policy and the development of the industries in which it operates may differ materially from the impression created by the forward-looking statements contained in this announcement.
In addition, even if the results of operations, financial condition, liquidity and dividend policy of the Xstrata group, and the development of the industries in which it operates, are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods.
www.marketwire.com /mw/release_html_b1?release_id=157599   (745 words)

Try your search on: Qwika (all wikis)

Factbites
  About us   |   Why use us?   |   Reviews   |   Press   |   Contact us  
Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.