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Commodities: A merger fit for world domination‎

Posted on 06 February 2012

The talks between Glencore and Xstrata over an $88bn (£57bn) merger, the biggest mining deal ever seen, are promising to shake up the world of commodities. If successful, the joining of trading giant Glencore and the world’s fourth biggest miner would create a global leader in zinc and thermal coal and a top five producer in copper and nickel.

The tie-up would also allow Glencore’s “marketing” or trading arm to access a much expanded production base, boosting profits, and create a company with huge capacity for acquisitions – a super-predator on the mining scene……………………………………….Full Article: Source


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This post was written by:

VRS - who has written 37739 posts on Opalesque Commodities Briefing.


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