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Jason Wilkins joined Xstrata as CIO in 2002 when the company had a market capitalization of around $500 million USD and a few thousand employees. Today, the company has more than 56,000 employees and a market capitalization of approximately $60 USD billion. With growth fueled by an exponential acquisition strategy that necessitates a decentralized business [...]
Anglo-Swiss mining giant Xstrata PLC dropped its US$10 billion bid for British rival Lonmin PLC on Wednesday, saying the turmoil on the financial markets makes a takeover of the world's No. 3 platinum producer too risky.
Anglo-Swiss mining giant Xstrata PLC dropped its US$10 billion bid for British rival Lonmin PLC on Wednesday, saying the turmoil on the financial markets makes a takeover of the world's No. 3 platinum producer too risky.
Anglo-Swiss mining giant Xstrata PLC dropped its US$10 billion bid for British rival Lonmin PLC on Wednesday, saying the turmoil on the financial markets makes a takeover of the world's No. 3 platinum producer too risky.
Anglo-Swiss mining giant Xstrata PLC dropped its US$10 billion bid for British rival Lonmin PLC on Wednesday, saying the turmoil on the financial markets makes a takeover of the world's No. 3 platinum producer too risky.
Anglo-Swiss mining giant Xstrata PLC dropped its US$10 billion bid for British rival Lonmin PLC on Wednesday, saying the turmoil on the financial markets makes a takeover of the world's No. 3 platinum producer too risky. The decision sent Lonmin shares...
Anglo-Swiss mining giant Xstrata PLC dropped its US$10 billion bid for British rival Lonmin PLC on Wednesday, saying the turmoil on the financial markets makes a takeover of the world's No. 3 platinum producer too risky.
ZUG, Switzerland -- Anglo-Swiss mining giant Xstrata PLC dropped its US$10 billion bid for British rival Lonmin PLC on Wednesday, saying the turmoil on the financial markets makes a takeover of the world's No. 3 platinum producer too risky.
LONDON, Oct 1 (Reuters) - Miner Xstrata Plc boosted its stake in number three platinum producer Lonmin Plc to 24.9 percent, the maximum level allowed by regulators after it walked away from making a formal bid for the firm on Wednesday.
Anglo-Swiss mining giant Xstrata PLC dropped its US$10 billion bid for British rival Lonmin PLC on Wednesday, saying the turmoil on the financial markets makes a takeover of the world's No. 3 platinum producer too risky.
Anglo-Swiss mining giant Xstrata PLC Xstrata on Wednesday said it was dropping a bid for British platinum producer Lonmin in view of tightening credit and the ongoing financial turmoil. “Today’s announcement is made against a background of extreme volatility and uncertainty in the financial markets,” said Mick Davis, the group’s chief executive. “The current lack of [...]
Miner Xstrata Plc said on Wednesday it would not make a formal $10 billion takeover offer for No. 3 platinum producer Lonmin Plc because of financing difficulties in the global credit crisis.
LONDON, Oct 1 (Reuters) - Miner Xstrata Plc said on Wednesday it would not make a formal $10 billion takeover offer for No. 3 platinum producer Lonmin Plc because of financing difficulties in the global credit crisis.
LONDON (Reuters) - Miner Xstrata Plc said on Wednesday it would not to make a formal $10 billion takeover offer for No. 3 platinum producer Lonmin Plc due to financing difficulties in the global credit crisis.
