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China moves on to Xstrata: report

CONSOLIDATION of mining companies in the big end of town has spurred China to take stakes in takeover targets, with reports surfacing that the bank which bankrolled Chinalco's raid on Rio Tinto is looking to buy Glencore's share in Xstrata.

MiningNews.Net
China moves on to Xstrata: report

The Telegraph reported that Glencore has held talks with prospective buyers from Europe, South America and Asia, including the China Development Bank, about buying the company's 34.6% stake in Xstrata....

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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