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Xstrata profit falls 77%; miner presses deal with rival
- Source :
- Wall Street Journal. Europe. August 5, 2009, A6
- Publication Year :
- 2009
-
Abstract
- Affected by a slump in metal prices, Xstrata PLC reports a 77% first-half net profit drop to $643 million. Adjusted net profit fell 68% to $909 million. In June, Xstrata proposed a no-premium merger of equals with Anglo American PLC, but Anglo rejected the offer.
- Subjects :
- Xstrata PLC -- Company sales and earnings
Xstrata PLC -- Planning
Xstrata PLC -- Mergers, acquisitions and divestments
Mineral industry
Mining industry
Company earnings/profit
Company business planning
Company acquisition/merger
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.205052722