Claire Divver

Xstrata Discount to Glencore Bid Shows Increasing Doubts on Deal

Xstrata Plc is trading at a record discount to commodity trader Glencore International Plc’s 20.1 billion-pound ($31.8 billion) bid, suggesting investors increasingly believe this year’s biggest takeover will fail.

Xstrata Wins Change-of-Control Waiver on Credit Line

Xstrata Plc, the world’s largest exporter of thermal coal, received unanimous consent from lenders to waive a so-called change-of-control provision on its $6 billion revolving credit facility.

Glencore Price for Xstrata Seen Rising Amid Threatened No Votes: Real M&A

To complete the mining industry’s biggest takeover, Glencore International Plc may need to double the premium it agreed to pay Xstrata Plc’s owners.

Qatar Holding Seeks Higher Xstrata Price From Glencore

Glencore International Plc’s 16 billion pound ($25 billion) offer for the rest of Xstrata Plc is in doubt after the target’s second-largest shareholder demanded the bid be increased by 16 percent.

Glencore Said to Be Considering Merger With Xstrata

Glencore International AG, the world’s largest commodity trader, is studying a merger with Xstrata Plc as a way of restructuring its ownership and improving access to capital, according to two people familiar with the matter.

Glencore-Xstrata Deal Terms Must Be ‘Revisited,’ Fidelity Says

Fidelity Worldwide Investment said that while it supports Glencore International Plc’s 23.8 billion-pound ($37.5 billion) takeover bid for Xstrata Plc “in principle,” the terms of the deal “need to be revisited.”

Xstrata Said to Seek Waiver From Lenders on $6 Billion Loan

Xstrata Plc, the world’s largest exporter of thermal coal, is seeking a waiver on terms of a $6 billion loan to allow it to remain in place for the duration of its proposed merger with Glencore International Plc.

`Super Tax' on BHP, Rio, Xstrata May Stall Mining Takeovers in Australia

BHP Billiton Ltd. and Xstrata Plc’s expansion and acquisitions plans may stall on Australia’s plan to increase taxes on mining companies, whose profits have surged A$80 billion ($74 billion) in the past decade.

Zijin Says Open-Pit Ban Adds `Uncertainties' to Xstrata's Copper Project

Zijin Mining Group Co. , buying Indophil Resources NL , said a ban on open-pit mining by a local government in the Philippines adds “uncertainties” to the Tampakan project owned by the Australian company and Xstrata Plc.

Swiss Stocks Retreat; Roche Shares Decline, Xstrata Advances in Zurich

Swiss stocks fell for a second session on concern a 110 billion-euro ($145.5 billion) rescue package for Greece won’t contain Europe’s debt crisis.

"It's certainly significant for us to make this a major copper producing area in Peru."

- Claire Divver on Mar 06, 2008

London

China

Mick Davis

Jersey City

Turkey Police Clash With Protesters in Ankara

China Export Growth Plummets Amid Fake-Shipment Crackdown

S&P 500 Posts Biggest Two-Day Gain Since January on Jobs

Toyota Tries on Corolla Look That’s Just Different Enough

Payrolls in U.S. Rose 175,000 in May, Unemployment 7.6%