Glencore xstrata takes writedown after merger the new york. Xstrata approves ravensworth north coal project in australia. Todays smallcap stocks to watch the globe and mail. Xstrata has borne the brunt of the cuts, as mr glasenberg, a former coal trader, whipped the mining company into something more akin to his tastes. Branches of xstrata south africa pty ltd on m2north. Xstrata coal will restructure its australian operations and cut about 600 jobs as its margins get squeezed by low coal prices, high costs and a strong australian dollar. Glencore xstrata international as managers hope to call it would be the worlds number one producer of zinc and lead and the worlds biggest exporter of coal. Xstrata coal nsw optimise coal blending and logistics. Abc public radio report said, glencores history reads like a spy novel. Oct 01, 2009 xstrata is in takeover talks with macarthur coal after approaching the miner about a possible bid, a person familiar with the situation said today. Oct 09, 2015 in effect, glencores takeover of xstrata amounted to an enormous, unhedged bet on metal prices the complete opposite of what a good trader normally does. Huge glencore xstrata payments create a sense of deja vu. Xstrata is in takeover talks with macarthur coal after approaching the miner about a possible bid, a person familiar with the situation said today.
Xstrata to expand coking coal operations financial times. Xstrata coal queensland pty ltd in brisbane, qld, 4000. Xstrata wandoan coal mine gets the greenlight australian mining. London one of the worlds largest deals in recent years has finally reached the finishing line. Xstrata coal marketing ag vs dalmia bharat cement ltd on 7. Learn about working at xstrata coal canada limited. Sep 06, 2011 xstrata zinc brunswick mine, bathurst,new brunswickend of an era documentary by glen ferguson duration. The lossan project, together with surrounding ground was renamed the suska project. Xstrata coal has agreed to acquire the sukunka hard coking coal deposit.
It had operations in 19 countries across africa, asia, australasia. Xstrata coal nsw how is xstrata coal nsw abbreviated. May 02, 20 london one of the worlds largest deals in recent years has finally reached the finishing line. Due to weak global prices for the assets glencore owned, particularly coal and. In effect, glencores takeover of xstrata amounted to an enormous, unhedged bet on metal prices the complete opposite of what a good trader normally does. Oct 03, 2012 glencore xstrata international as managers hope to call it would be the worlds number one producer of zinc and lead and the worlds biggest exporter of coal. Xstrata coal produces over 100 million tonnes of coal annually and employs more than 17,000 people across the globe. Xstrata coal queensland pty ltd in brisbane, qld, mining. Connect with xstrata coal nsw pty ltd at hunter street, newcastle, nsw.
Finally, xstrata also acquired first coal corporations assets, which represented over 100,000 ha of contiguous coal licenses and applications. Xstrata has been building its presence in the peace river coalfield in northern british columbia, acquiring first coal in august, the lossan deposit in october and the sukunka coal deposit last week. The lossan deposit is located in the peace river coalfield of northeastern british columbia, and is surrounded by a group of licenses recently acquired by xstrata coal through the acquisition of first coal corp. Glencore generic induction qld ggi oaky creek coal complex 11052020 seats left. Xstrata coal began work on prefeasibility studies, and conducted an initial drilling program consisting of 70 exploration holes and 12 groundwater monitoring wells.
Aug 20, 20 xstrata a dragline at an xstrata coal mine in australia. Xstrata wandoan coal mine gets the greenlight australian. Xstrata coal, located at 2 plot road, waaikraal 396jq, brits. Content is available under creative commons attributionnoncommercialsharealike. Mar 28, 2012 xstrata coal qld coo reinhold schmidt labelled the decision a recognition of the miners commitment to environmental management. Xstrata coal qld coo reinhold schmidt labelled the decision a recognition of the miners commitment to environmental management. Cline mining sells its lossan metcoal deposit to xstrata.
Operations include both underground and open cut mines producing thermal, coking and semi soft coal products. Xstrata plc was an angloswiss multinational mining company headquartered in zug, switzerland and with its registered office in london, united kingdom. Were closely monitoring developments relating to covid19 and our key priority is to protect the health and safety of. Xstrata coal south africa goedgevonden complex, emalahleni. European commission press release details page european commission press release brussels, 22 november 2012 the european commission has cleared under the eu merger regulation the proposed acquisition of xstrata, the worlds fifth largest metals and mining group, by glencore, the worlds leading metals and thermal coal trader. Xstrata, glencore agree to terms on merger the globe and mail. Glcnf complete glencore xstrata plc stock news by marketwatch. Glencore international, the swiss commodities trader, announced on thursday that its merger with the mining giant xstrata was complete and that shares in the newly combined company, called glencore xstrata, would start trading in london on friday. Presentation for financial results ended march 2014. Xstrata coal nsw optimize coal blending and logistics dassault.
Xstrata agrees record thermal coal contract financial times. Xstrata manages over 100 million tonnes of coal per year, most of which is exported. Sourcewatch is a project of the center for media and democracy cmd. The sukunka coal deposit, acquired from calgarybased talisman energy in march 2012, is contiguous with the lossan property, and has an estimated resource of 236 million tonnes. Xstrata zinc brunswick mine, bathurst,new brunswickend of an era documentary by glen ferguson duration.
Glcnf stock price glencore xstrata plc stock quote u. Glencore 6 days from the copper that helps keep us connected to our loved ones, to the energy products keeping the lights on in our homes and hospitals, the commodities we source advance and maintain everyday life, even during these challenging times. Glencore xstrata scraps qld coal terminal newscomau. Click on a branch below to see useful data including bbbee information, uptodate contact details, branch details, gps details and much more, all in one easytouse company profile. Employing more than 17,000 people including contractors with the majority working in australia.
Glencore xstrata is one of the worlds largest global diversified natural resource companies and is one of the biggest companies within the ftse. See who you know at xstrata coal canada limited, leverage your professional network, and get hired. Lossan has an ni 43101 compliant resource of 240 million metric tons mt, with 186 million mt being in the. June 5, 2012 0 comment workers used hands to rescue nsw miner. Mining giant glencore still suffering from major gamble on. It had operations in 19 countries across africa, asia. Glencore plc is a british multinational commodity trading and mining company with headquarters in baar, switzerland, and its registered office in saint helier, jersey. Dalmia challenged the measure of damages as claimed by xstrata. Glencore plc is a britishswiss multinational commodity trading and mining company with headquarters in baar, switzerland, and its registered office in saint helier, jersey. Xstrata also hopes to begin producing up to 20 million tonnes of coal annually from 2015 at its rolleston mine. It was a major producer of coal and the worlds largest exporter of thermal coal, copper, nickel, primary vanadium and zinc and the worlds largest producer of ferrochrome. The suska project includes the lossan deposit that xstrata acquired from cline mining and the assets of first coal corp.
The suttor creek black coal mine is situated 19 kilometres from the mining town of glenden and 850 kilometres from brisbane in queensland. Xstrata and chugoku electric of japan closed a deal on friday for the fiscal year starting april 1 with the londonlisted miner supplying thermal coal, used to. Glencore plc is a british multinational commodity trading and mining company with. Xstrata coal marketing ag vs dalmia bharat cement ltd on. The current company was created through a merger of glencore with xstrata on 2 may 20. Xstrata coal nsw pty ltd hunter street, newcastle, nsw. Cline mining corporation cline mining or the company tsx. The fishing musicians you tube channel 26,874 views 53. The company has grown its export production by 28 per cent from 2007 to 2011 and has committed to substantially developing new export production capacity during the last three years. See who you know at glencore coal, leverage your professional network, and get hired.
Goedgevonden colliery south africa is located at mpumalanga, south africa. The mine is part of the newlands nca joint venture that consists of xstrata coal queensland, itochu coal resources australia, sumisho coal australia and icra nca pty ltd. Xstrata has been building its presence in the peace river coalfield in northern british columbia, acquiring first coal in august, the lossan. As well as the handsomely rewarded mick davis, the new mining firm is shedding almost all of xstratas senior staff published. It is operated by xstrata coal, tweefontein collieries division. Glencore xstrata has started cutting back coking coal production in australia and will focus more on its thermal coal mines, in a sign that the rush to. Glencore xstrata takes writedown after merger the new. Xstrata coal and jx nippon create canadian met coal jv. This is printed matter for a launch event for the opening of a new coal mine for xstrata coal situated in new south wales, australia. The simple, powerful, streamlined tool that gives you a single point of control to keep all your business details uptodate. Xstrata, glencore agree to terms on merger the globe and.
Xstrata coal s head office is based in sydney nsw but they operate globally. As of 2015, it ranked tenth in the fortune global 500 list of the worlds largest companies as glencore international, the. The mine was called mangoola an aboriginal word meaning black cockatoo, a native australian bird. Xstrata wins approval for biggest australian coal mine. Glencore plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. Xstrata mining jobs employment tips on where to find a job in mining with xstrata. Xstrata coal had been planning a coal export terminal development with a capacity to ship 35 million tonnes per year at balaclava island, 40km north of gladstone. Xstrata a dragline at an xstrata coal mine in australia. Cmk is pleased to announce that xstrata coal has agreed to acquire 100% of the companys metallurgical coal deposit within cline.
Glencore xstrata is one of the worlds largest global diversified natural resource companies and is. Xstrata coal pty ltds response to the australian competition. By continuing to browse the site you are agreeing to our use of cookies. The inspiration came from the black feathers of the bird and the layering of feathers and an opencut coal mine.
Glencore completes deal for xstrata the new york times. Sukunka is located in the peace river coalfield of northern british columbia, contiguous with first coal corporation and lossan tenements acquired by xstrata coal in august and. The merger has been on the cards for years and, in february 2012, glencore finally launched its bid to acquire the 66% stake in xstrata which it does not already own. Xstrata has been included on the dow jones sustainability index since 2006. In 20, xstrata coal merged with glencore international to form glencore xstrata. This page was last edited on 15 january 2020, at 15. May 18, 2011 xstrata also hopes to begin producing up to 20 million tonnes of coal annually from 2015 at its rolleston mine. Glencore xstrata mining currently has 25 african mining projects listed on africa mining iq, with a combined value exceeding r 415 billion africa mining iq monitors these operations through an extensive mining project database that is updated daily, including key contact information for mine owners that enables 247 access to reliable, verified mining information. Xstrata coal to acquire sukunka hard coking coal deposit. However the decision was roundly commended by the greens. View realtime stock prices and stock quotes for a full financial overview. Xstrata is set to resume operations at its blakefield south coal mine after it shut down the underground mine due to a fire last year. Xstrata coal queensland meets legislative requirements by regularly replicating 20 gb of sharepoint data from primary farm to six dispersed farms throughout queensland with.
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