Mine the world's largest enterprise BHP Billiton (BHPBilliton) and rival Rio Tinto (RioTinto) declared that "marriage" of iron ore business news in two weeks, the world's sixth-largest integrated mining company Xstrata rate (Xstrata), also intend to work with the world's largest diamond company Anglo American (AngloAmerican) the realization of "merger of equals."
The two companies listed in London Stock Exchange, the current market value of Xstrata 33 billion U.S. dollars, Britain and the United States, compared with 35 billion U.S. dollars of resources, such as the successful conclusion of this transaction will be the birth of a market value of 68 billion U.S. dollars in the international mining industry, "Big Mac . " And BHP Billiton, CVRD and Rio Tinto are now the market value of 144 billion U.S. dollars, 125 billion U.S. dollars and 74 billion U.S. dollars.
Yesterday, CBN reporter found the official website of Xstrata, Xstrata First out is the "olive branch." The company said that recently issued a written recommendation, to seek consideration of Anglo American "merger of equals," the two companies plan. The merger will create the best combination of business and more diversified metals company, and will strengthen the company size and financial flexibility.
The sincerity of Xstrata, the London-based Anglo American and some "Ť." The company statement said that the negotiations are at a very preliminary stage, the uncertainty whether the deal. Media quoted an understanding of Anglo-American bankers as saying that Anglo American has not Xstrata on the merger, "enough to see the benefits" that the Swiss company's assets as their own good. The two companies have not yet provide a "merger of equals" of the detailed terms and conditions.
Some media said that Xstrata eager to start the next round of global mining integration, happy to publicly traded interest in Britain and the United States resources in addition to expectations, may also restart the acquisition of platinum producer Lonmin plan. Xstrata has been a major stainless steel manufacturers to sell products to the zinc-nickel producer.
Merged in 1999 to set up the Anglo-American resources, through the De Beers holds 45% stake, become the world's largest diamond company, but also the world's largest private sector coal producers and exporters of.
If a successful merger of China's enterprises may be a bad news. At present, the Anglo American has a lot of business in China, as in 2007 the total investment in China reached 400 million U.S. dollars, total sales in 2007 reached 2.6 billion U.S. dollars. Xstrata sold in China each year to a large number of copper, chromium, zinc and other non-ferrous mineral resources.