The Conversation (0)
Globe and Mail reported Xstrata (LSE:XTA) and Glencore (LSE:GLEN) are discussing the possibility of a merger giving Xstrata control of a nickel mine in Canada.
Globe and Mail reported Xstrata (LSE:XTA) and Glencore (LSE:GLEN) are discussing the possibility of a merger giving Xstrata control of a nickel mine in Canada.
As quoted in the market news:
Mining company Xstrata PLC confirmed Thursday that it is in merger discussions with commodities trader Glencore International PLC, a deal that would create an industry giant with around US$175 billion worth of revenues. Xstrata said that Glencore had proposed an all-share merger of equals. Glencore cautioned that there was no certainty of an offer being made.
The merged mining giant would operate businesses around the world, including major nickel mining and refining businesses in Canada, where Xstrata owns the former Falconbridge nickel company.
Click here to read the full Globe and Mail report.