Xstrata

Xstrata

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Xstrata

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Description:
Xstrata plc (, ) is a global mining company headquartered in Zug, Switzerland and with its registered office in London, United Kingdom. It is a major producer of coal (and the world's largest exporter of thermal coal), copper, nickel, primary vanadium and zinc and the world's largest producer of ferrochrome. It has operations in 19 countries across Africa, Asia, Australasia, Europe, North America and South America.

Its primary listing is on the London Stock Exchange and it is a constituent of the FTSE 100 Index. It has a secondary listing on the SIX Swiss Exchange. Its largest shareholder is Glencore International AG holding around 34% of the total Xstrata shares.

History

The company was founded in 1926 in Switzerland as S├╝delektra, an infrastructure and electricity projects concern operating in Latin America.

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 lead miner MIM Holdings. However,...
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