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Glencore Xstrata profit drop comes on $7.66 billion write down following merger

2013-08-20 17:11:01| Chemicals - Topix.net

Glencore Xstrata Plc lost nearly US$9 billion in the first half of its current financial year, as the newly merged commodities and mining group wrote down the value of its mining assets by a hefty $7.66 billion.

Tags: following write drop profit

 

Glencore takes $7.7bn Xstrata hit

2013-08-20 09:53:33| BBC News | Business | UK Edition

Newly-merged mining giant Glencore Xstrata writes down the value of Xstrata's assets by $7.7bn, and reports a drop in half-year revenues.

Tags: hit takes glencore xstrata

 
 

Glencore halts Australian iron ore

2013-07-16 10:27:32| BBC News | Business | UK Edition

Glencore Xstrata suspends iron ore production in Australia due to weak demand, and prepares to sell off a Peruvian copper mine on orders from China.

Tags: iron australian ore halts

 

Glencore said seeking buyer for Viterra's U.S. pasta play

2013-07-12 11:55:13| Chemicals - Topix.net

Glencore Xstrata is looking to sell its Dakota Growers Pasta Co. business, as it continues to divest assets acquired from last year's $6 billion purchase of Canadian grain handler Viterra, according to three sources with knowledge of the process.

Tags: play seeking buyer pasta

 

Tony Hayward made Glencore chairman

2013-05-16 21:24:21| BBC News | Business | UK Edition

Glencore Xstrata shareholders vote to appoint Tony Hayward, BP's former chief executive, as interim chairman to replace Sir John Bond.

Tags: made tony chairman hayward

 

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