Glencore Xstrata Announces Inaugural $5 Billion Five-Tranche Bond Issue
Mining and commodities-trading giant Glencore Xstrata PLC , Thursday enounced the launch and pricing of a dollar denominated issue of notes in a $5 billion five-tranche transaction comprising 3 year, 5 year and 10 year fixed-rate Notes and 3 year and 5 year floating-rate Notes, issued through its subsidiary Glencore Funding LLC.
Wed May 22, 2013
The Oil Drum
Drumbeat: May 22, 2013
The investigation into possible oil-price fixing gathered pace as trading houses from Glencore Xstrata Plc, the $70 billion mining firm, to Gunvor Group Ltd.
Tue May 21, 2013
The Washington Post
Oil-Fixing Probe Accelerates as EU Asks Trading Firms for Help
An investigation into possible oil- price fixing gathered pace as trading houses from Glencore Xstrata Plc, the $70 billion mining firm, to Gunvor Group Ltd.
Fri May 17, 2013
Bankers see M&A recovery after deals drop 7 percent so far in 2013
Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies.
Thu May 16, 2013
Globe and Mail
Ivan Glasenberg is practically Glencore's chairman already
ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.
Glencore Xstrata chairman voted out
Glencore Xstrata chairman John Bond was voted out by shareholders at the first annual general meeting of the world's biggest exporter of power-station coal.
Tue May 14, 2013
Tuesday tips round-up: Banks, Petropavlovsk, Glencore Xstrata
Authorities attempts to create a challenger to the main established lending groups - RBS, Lloyds, Barclays, HSBC - are in a state of disarrray after MoodyA s six notch downgrade of Co-op last week.
Mon May 13, 2013
Glencore Xstrata Output Broadly Higher
Commodities titan Glencore Xstrata PLC said Monday the company performed well across most of its divisions in the first quarter, with its marketing arm operating in line with expectations and production broadly higher across its metals, energy, and agricultural industrial divisions.
Sun May 12, 2013
Glencore Xstrata Shelves Balaclava Island Coal Export Terminal
Glencore Xstrata PLC Monday said it would abandon plans for a new coal shipping facility in Queensland state, a move that reflects sustained weakness in Australia's once-booming coal export industry.
Mon May 06, 2013
Mick Davis Follows Buffett's Advice By Investing In Mining When Others Are Fearful
Days after quitting as chief executive of Xstrata, Davis has restarted his resources career reportedly commissioning Goldman Sachs to help raise funds for a new mining-focused fund.
Sun May 05, 2013
The Globe and Mail
Newly merged Glencore Xstrata promises aggressive cuts
In slides to accompany a presentation to investors on Friday, Glencore said its previously announced $500-million of synergies in the first full year would be 'comfortably met.' In slides to accompany a presentation to investors on Friday, Glencore said its previously announced $500-million of synergies in the first full year would be 'comfortably ... (more)
Sunday newspaper round-up: Xstrata, Sainsbury, RBS
The European Commission looks set to crackdown further on the region's banking sector to stop increases in leverage, illiquidity mismatches and the potential for systemic risk, The Financial Times reported.
Fri May 03, 2013
Silicon Alley Insider
Mining Billionaire And CEO Ivan Glasenberg Does Not Believe In Work-Life Balance
Most people, even CEOs, consider work-life balance an admirable goal. And the idea that workplace connections and time together away from the desk boost performance is gaining more and more traction.
Thu May 02, 2013
Glencore Completes Merger With Xstrata to Form 4th-Biggest Miner
Mining and metals group Glencore International PLC has completed its long-awaited merger with Xstrata PLC to form the world's fourth biggest mining company and the world's biggest commodities trader.
Australia billionaire spends big on nickel even as glut worries persist
Australian mining magnate Clive Palmer is joining Vale, Xstrata and other sector heavyweights pouring money into nickel despite a dire near-term outlook for demand, as they plough on with projects bought on the cheap or as part of corporate takeovers.
Glencore outlines combined group's management - source
Commodities trader Glencore , which completed its $30 billion acquisition of Xstrata on Thursday, has detailed the combined group's new management to employees, a source familiar with the company said.
Glencore International PLC Merger Update - Merger completed
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Glencore is pleased to announce that the New Scheme and the Merger have now become effective and the entire issued ordinary share capital of Xstrata is owned by the ... (more)
Xstrata to Close Sinclair Nickel Mine in Australia
Xstrata PLC said it plans to close its Sinclair nickel mine in Western Australia state this month, in the latest move by a major mining company to cut costs amid soft metals prices.
Wed May 01, 2013
Glencore Set to Lay Off Several Xstrata Managers
Glencore International PLC will lay off hundreds of Xstrata PLC managers when it takes control of its rival and clears out many of the mining group's top executives, U.K. daily The Times reported on its website Wednesday, without citing specific sources.
Fri Apr 26, 2013
William Hill to Replace Xstrata in FTSE 100 After Glencore Merger
FTSE Group, a provider stock market indices, said Friday that due to the merger of Glencore PLC with Xstrata PLC , William Hill PLC will be added on May 1 to the FTSE 100 Index of the biggest shares on the London Stock Exchange by market capitalization.