Monday 27 April 2015

French groups to sell $452m UK assets to Mittal

Cement maker Lafarge and miner Anglo American have agreed to sell British assets for up to £285 million ($452 million) to Indian steel tycoon Lakshmi Mittal, thus clearing the way for a building materials joint venture in the country.


Qatar pressures Glencore to sweeten Xstrata bid

Qatar, Xstrata's second largest shareholder, threw a huge roadblock in the way of Glencore's  $30 billion takeover of the miner with a surprise demand on Tuesday for better terms. The 11th hour rebuff will make it very difficu


Qatar 'kingmaker in Glencore-Xstrata merger'

Qatar's 7 per cent stake in Xstrata, makes it not only the miner's largest investor after Glencore, but also a potential kingmaker in the two companies' merger and an unknown quantity for its future that investors are desperate to read

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