We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

That mine's mine!

23 December 2009 By Neil Collins

When Xstrata raised $6 bln in January, Glencore, the miner’s top shareholder, couldn’t afford to subscribe. So it sold Xstrata a mine, with the option to buy it back a year later. Now the commodity trader is raising capital, have Xstrata’s other shareholders been used as a bank?

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)