Saturday 26 July 2014
 
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Glencore

China buys Glencore copper mine for $6 billion

A Chinese consortium bought the Las Bambas copper mine in Peru from Glencore Xstrata for $6 billion, the high end of analysts' forecasts in China's biggest acquisition of a mine, showing the strength of its long-term need for copper.

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Glencore squeezes $2 billion out of Xstrata deal

Glencore will cut costs, shelve projects and squeeze more than expected from its record-breaking purchase of mining group Xstrata, lifting benefits from the deal to at least $2 billion in 2014. In an update on the $46 billion tie-

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Glencore leads foreign investment in UK firms

Foreign investment in British companies hit a six-year high of 23.4 billion pounds ($36.4 billion) in the second quarter as the economy started to grow, though the bulk came from one deal - Glencore's takeover of Xstrata, data showed.

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China’s Jiangxi eyes Glencore copper mine

Jiangxi Copper has joined a list of potential Chinese suitors interested in buying Glencore Xstrata $5 billion-plus Las Bambas copper mine in Peru, a report said. Glencore's sale of the mine comes at an opportune time for Chin

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Glencore bartered with Iranian firm

  Commodities giant Glencore supplied thousands of tons of alumina to an Iranian firm that has provided aluminum to Iran's nuclear program, intelligence and diplomatic sources told Reuters.   Th

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Glencore eyes finish line in marathon Xstrata deal

Shareholders in commodities trader Glencore have overwhelmingly approved its long-awaited $31 billion takeover of miner Xstrata, paving the way for one of the largest tie-ups in the sector to date. After nine months of tense negot

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Qatar dodges shareholder duty on Glenstrata

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) Qatar is dodging its shareholder duty. The emirate successfully used its muscle to extract better terms from Glencore in the commodity trader&#

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Qatar Holdings backs $32bn Glencore takeover

Commodity trader Glencore's $32 billion takeover of Swiss miner Xstrata looked set to go ahead after winning the backing of Qatar Holdings, the bid target's second-largest shareholder. Qatar, an unexpected kingmaker in Gle

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EU to decide on Glencore-Xstrata deal by Nov 8

EU antitrust regulators have set a Nov 8 deadline to decide on whether to allow trader Glencore's $33 billion takeover of miner Xstrata, after months of talks which the companies hope will help avoid forced sales or a lengthier, in-depth pro

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Xstrata gives cautious blessing to $33bn Glencore bid

  Mining group Xstrata gave its long-awaited blessing on Monday to a revised $33 billion bid from trader Glencore, bowing to investor pressure by changing the deal to ensure a payment plan to keep its top managers does not sink t

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