(, ) 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 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.
The company was founded in 1926 in Switzerland as Südelektra
, 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,... Read More