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Article: United States: FACTBOX: Combined metals assets of Xstrata and Anglo.
- Article from:
- TendersInfo
- Article date:
- June 23, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: prashant03
Swiss-based miner Xstrata Plc is seeking a merger of equals with rival Anglo American Plc, which would push the group to the top of the world's rankings in copper mining.
A merged company, worth about $68 billion, would also be the world's No.1 zinc miner and move one place up the ladder in nickel mining.
COPPER
The proposed combination would create the world's number one copper mine producer, with output of 1.579 million tonnes on a 2008 basis, according to industry consultants CRU Group.
Chilean state-owned company Codelco is currently the world's largest copper miner.
The combined entity would ...