Xstrata plc (LSE: XTA), (TSX: FAL) is an international mining company, listed on both the London Stock Exchange and the SWX Swiss Exchange. Its headquarters are in Zug in Switzerland and it is a member of the FTSE 100 Index. Xstrata Copper is currently the world's fourth largest producer of copper.
Its largest shareholder, with a shareholding of around 40%, is Glencore.
The Company was founded in 1926 in Switzerland as Südelektra, an infrastructu...
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Xstrata plc (LSE: XTA), (TSX: FAL) is an international mining company, listed on both the London Stock Exchange and the SWX Swiss Exchange. Its headquarters are in Zug in Switzerland and it is a member of the FTSE 100 Index. Xstrata Copper is currently the world's fourth largest producer of copper.
Its largest shareholder, with a shareholding of around 40%, is Glencore.
The Company was founded in 1926 in Switzerland as Südelektra, an infrastructure and electricity projects concern operating in Latin America. In the 1990's it diversified into mining and disposed of its non-core businesses.
It was first listed on the London Stock Exchange in 2002 at which time it acquired Glencore's coal assets in Australia and South Africa.
In 2003, it doubled in size with the A$2.9 billion takeover of Australian copper, zinc and coal miner MIM Holdings. But it failed in a 2005 bid for another Australian miner, WMC Resources, which was captured by BHP Billiton, the world's biggest mining company.
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