Drill and Deal

The course / Case study: Glencore and Xstrata

Module 12 of 15, 10 minute read

Case study: Glencore and Xstrata

The trader that bought the miner. Glencore already owned about 34% of Xstrata; turning that stake into control took fifteen months, a raised offer, a shareholder revolt over bonuses and a forced sale in Peru.

Plant buildings marked Mount Isa Mines and a tall smelter stack beside rail tracks
Mount Isa, Queensland. Xstrata bought the mine’s owner, MIM, in 2003, and the mine passed to Glencore with Xstrata in 2013.Photo: Lobster1, CC BY-SA 3.0, cropped

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