at the very Core of it all … is Content!
Zug, 5 March 2013 Xstrata plc (“Xstrata”) notes the statement in the announcement by Glencore International plc (“Glencore”) of its preliminary results for the 12 months ended 31 December 2012 that the longstop date for the merger between Glencore and Xstrata (the “Merger”) has been extended to 16 April 2013 with the consent of Xstrata …
Preliminary results for the 12 months ended 31 December 2012 Key Financial Results $m Year ended 31.12.12 Year ended 31.12.11 % Change Revenue 31,618 33,877 (7) Operating EBITDA* 8,122 11,648 (30) EBITDA* 8,123 11,677 (30) Operating profit* 4,790 8,431 (43) EBIT* 4,791 8,460 (43) Attributable profit* 3,652 5,785 (37) Attributable profit 1,180 5,713 (79) Earnings …
Highlights: Record annual thermal coal production resulting from the successful commissioning of the Ravensworth North, Ulan West and Ulan open cut projects in Australia, productivity improvements at Cerrejón and the continued transition of our South African thermal coal operations into large-scale, low-cost operations; Record refined nickel volumes which benefited from the commissioning of Raglan …
Q.1 With Queensland flooded – Xstrata has invoked force majeure – how do you expect Coking Coal prices to move in the near future? A. The flooding of coking coal mines in Australia has been a regular phenomenon for the last few years and the coking coal mines have periodically invoked force majeure in their …
Just when the Indian steel industry was beginning to pat itself on the back, having secured the steepest growth rate in the world, it has been slapped into mourning by a devastating piece of news. Queensland floods have forced Xstrara to declare force majeure. Considering the fact that Queensland produces about two thirds of the …
Zug, 22 January 2013 Xstrata notes today’s decision by the South African Competition Tribunal confirming that under the South African Competition Act it has cleared the recommended all-share merger of equals between Glencore and Xstrata. Completion of the Merger remains conditional upon the receipt of the outstanding regulatory approval in China and completion of the …
Zug, 18 January 2013 On 10 December 2012, Glencore and Xstrata announced the extension of the long stop date for the Merger from 31 December 2012 to 31 January 2013, due to the ongoing regulatory processes in South Africa and China. As those processes remain ongoing Glencore and Xstrata have agreed, with the consent of …
A is for arithmetic – a skill that deserted two of our listed companies, retailer SuperGroup and taxi manufacturer Manganese Bronze. Both companies had to restate accounts after their numbers failed to add up; both companies saw their share price punished for their failings. Things weren’t so bad for SuperGroup but the wheels really came …
Brisbane, 27 November 2012 Xstrata Copper’s Antapaccay copper mine in southern Peru commenced production of commercial grade copper in concentrates at the beginning of November and has delivered its first shipment to Matarani Port for delivery to customers worldwide. Plant commissioning activities continue as Antapaccay progressively ramps up to the nameplate processing capacity of 70,000 …
Koné, 23 November 2012 Xstrata Nickel, the industrial partner in the Koniambo Nickel Project, is pleased to announce that the construction of the first production line of the smelter (Line 1) is complete. The necessary support services and operational infrastructure are undergoing pre-operational testing and commissioning. First molten metal is expected before year end and …