Peter Davey

Peter Davey News

  • South Africa’s ANC Rejects Mine Nationalization for Taxes

    South Africa’s ruling African National Congress rejected proposals to nationalize mines in favor of higher taxes in the world’s largest producer of platinum and chrome.

  • Xstrata Investors Seen Backing Glencore Takeover

    Trading in Xstrata Plc shows that investors, who vote today on 2012’s biggest takeover, have almost never been more confident that Glencore International Plc’s 19.5 billion-pound ($31 billion) bid will win approval.

  • Glencore $31 Billion Deal for Xstrata Looking Completed: Energy

    Glencore International Plc’s $31 billion bid for control of Xstrata Plc has never looked so certain after the sovereign wealth fund of Qatar threw its support behind the biggest takeover of the year.

  • Xstrata Holders Vote for Glencore Offer Excluding Bonuses

    Glencore International Plc’s $31.5 billion takeover of Xstrata Plc was approved by investors, leaving clearance by regulators in Europe and China as the remaining hurdles for the year’s biggest deal.

  • Glencore Delays Investor Vote on $34 Billion Xstrata Deal

    Glencore International Plc adjourned a shareholder meeting called to vote on its $34 billion offer for Xstrata Plc, raising prospects the biggest publicly traded commodities supplier will increase its bid.

  • Qatar’s Rejection Leaves Glasenberg to Decide on Xstrata

    Ivan Glasenberg, Glencore International Plc’s billionaire chief executive officer, has a week to decide on his biggest bet yet -- whether to raise his $33 billion offer for Xstrata Plc or see his five-year effort to create the fourth-biggest mining company disintegrate.

  • Anglo CEO Doubles Down on New Mines Amid Falling Demand

    Driving northeast from Santiago, the road corkscrews toward the shark’s-grin skyline of the Andes Mountains. In winter, Santiago’s smart set plies this route, heading for virgin-powder days and pisco-sour nights at La Parva ski resort. Most have no inkling that in a high mountain valley just over the ridgeline, excavators the size of houses have sculpted the mountainside into a steeply terraced pit 1,800 feet deep, Bloomberg Markets magazine reports in its September issue.

  • Anglo American Closes at 8-Month High on Speculation of Renewed Takeover

    Anglo American Plc climbed to its highest in eight months amid speculation a combined Xstrata Plc and Glencore International Plc could make a bid for the diversified mining company.

  • Anglo Cuts Platinum Forecast, Says Minas Costs to Rise

    Anglo American Plc, the year’s fourth-worst performing FTSE 100 Index stock, cut its platinum output forecast after strikes in South Africa and said its $5.8 billion Minas-Rio iron-ore project will see more cost overruns.

  • Anglo American Said to Weigh Counterbid for Macarthur Coal

    Anglo American Plc is exploring a bid for Macarthur Coal Ltd. that would challenge Peabody Energy Corp.’s A$4.7 billion ($4.9 billion) offer for the Australian miner, said two people with knowledge of the matter.

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