Charlie Sartain News
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Glencore Xstrata Plc appointed former BP Plc Chief Executive Officer Tony Hayward as interim chairman after John Bond was ousted by shareholders of the world’s largest exporter of power-station coal.
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Glencore Xstrata Plc Chairman John Bond was voted out by shareholders at the first annual general meeting of the world’s biggest exporter of power-station coal.
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Glencore Xstrata Plc, the world’s biggest zinc miner and exporter of coal for power stations, rose on its first day of trading as a combined company in London, with the share market valuing the group at about $70 billion.
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Glencore Xstrata Plc, the world’s biggest zinc miner and exporter of coal for power stations, rose on its first day of trading as a combined company in London, with the share market valuing the group at $69 billion.
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Glencore Xstrata Plc hired two former Xstrata Plc executives as division heads amid the departure of a number of senior managers as it completed the takeover of the coal exporter, a person familiar with the matter said.
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Glencore International Plc, the largest publicly traded commodities supplier, said it completed its $29 billion takeover of Xstrata Plc and that the combined group will begin trading tomorrow in London.
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Glencore International Plc, the largest publicly traded commodities supplier, said it expects to close the $30 billion takeover of Xstrata Plc next month after agreeing with Chinese regulators to sell a Peru copper mine.
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Glencore International Plc, the largest publicly traded commodities supplier, said it expects to close the $30 billion takeover of Xstrata Plc next month after agreeing with Chinese regulators to sell a Peru copper mine.
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Mick Davis, chief executive officer of Xstrata Plc, said the sale of the Las Bambas copper mine, a step required by China for the takeover by Glencore International Plc to proceed, prompts “surprise and sadness.”
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Xstrata Plc said a build-up in copper stocks, responsible for the metal’s worst first quarter in a decade, will end in “the next couple of months” as buyers return to the marketplace.
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