This is scary…basically telling everyone that their retirement accounts are at risk to twitter posts.
The AP’s erroneous...
Really great interactive map. Hover your mouse over nearly any country to view stats on ag production and needs. There’s...
BP admits to 11 counts of manslaughter for 2010 oil spill disaster
November 15, 2012
Oil giant BP will fork over the...
Before we get fully into election mode. Take a look at some of these stunning shots from the
The Financial Times reports that the oil and natural gas rich nation of Qatar has plans to up its stake in Xstrata, currently negotiating a $90 billion merger with Glencore International, to over 10%, which would make the country’s sovereign wealth fund the diversified miner’s second largest shareholder.
Swiss commodities giant Glencore already owns 34% of Xstrata. Glencore is offering 2.8 shares for every one of Xstrata, but aside from second largest shareholder BlackRock, other institutional investors have threatened to block the deal.
The Qatari fund has been responsible for almost 40% of all the trade in Xstrata since February and has built up an 8% stake. London-listed Xstrata is worth over $52 billion.
Qatari support should provide Glencore CEO Ivan Glasenberg the necessary backing he needs to push through the deal. Glasenberg and Xstrata CEO Mick Davis have embarked on a roadshow to sell the deal over the summer.
Read more at Mining.com
