Xstrata PLC

Xstrata, J-Power in low-emission coal tech first

Japan Times (Free subscription) | 11/14/2008

SYDNEY (Bloomberg) J-Power and Xstrata PLC have started a 206 million Australian dollar, or $137 million, project in Australia that will be the first in the world to use a low-emission coal-fired generating technology. The technology may cut typical carbon dioxide emissions from coal-fired generation by about 90 percent. Read the full story

Xstrata Copper: Xstrata Copper's Kidd Metallurgical Facility and Union Reach Agreement in Principle

Market Wire - Manufacturing and Production: Mining and Metals (Free subscription) | 11/06/2008

TIMMINS, ONTARIO (MARKET WIRE) Xstrata Copper Canada is pleased to announce it has reached a tentative agreement with the Union Executives of CAW-Local 599 for the renewal of the collective agreement at the Kidd Metallurgical site.

Xstrata Q3 copper output down 8 pct, coal up 12 pct

Reuters UK (Free subscription) | 10/21/2008

LONDON, Oct 21 (Reuters) - Mining group Xstrata Plc posted an 8 percent fall in third-quarter mined copper output on Tuesday and a 12 percent rise in coal production. Copper and coal were the two biggest profit drivers in the Anglo-Swiss group in the first half, accounting for 45 percent and 23 percent of earnings before interest, tax, depreciation and amortisation (EBITDA) respectively. (Reporting...

Financial News: Banks weigh on European stocks again

Financial24 (Free subscription) | 11/19/2008

... Inc.'s announcement of massive job cuts earlier in the week, with BNP Paribas SA, Barclays PLC, Commerzbank SA and Deutsche Bank AG all sharply lower. However, potential merger partners HBOS PLC and Lloyds TSB PLC were higher as shareholders gathered to approve the tie-up.Mining companies, such as Anglo American PLC, Rio Tinto PLC and Xstrata PLC, were also sharply lower as fears about the...

Lonmin's profit up 45 pct, but cutbacks to come

Miami Herald (Free subscription) | 11/18/2008

Lonmin PLC, the world's third largest platinum producer, said Tuesday it plans to cut output and jobs and halve its exploration expenditure to ride out a downturn in the market even as annual net profit rose 45 percent.

• Lonmin cuts South Africa output - Financial Time
• Lonmin's profit up 45 pct, but cutbacks to come - kansascity.com
• See the 4 articles on the same subject

Eskom Will Choose Winner of Nuclear Plant Bid by Year End

oil and energy news (Free subscription) | 11/13/2008

Output from Eskom, which supplies 95 percent of South Africa’s power, hasn’t kept pace with economic growth in Africa’s biggest economy. The utility has invoked power-reduction agreements with Anglo American Plc, Xstrata Plc and Mittal Steel South Africa Ltd.

Global Financial Crisis Hits New Caledonia Nickel Project

Nikkei (Free subscription) | 10/27/2008

Global Financial Crisis Hits New Caledonia Nickel ProjectSYDNEY (Dow Jones)--New Caledonia's government-owned nickel miner La Societe Miniere du Sud Pacifique, the majority stakeholder in the US$3.8 billion Koniambo nickel project it is developing with Anglo-Swiss miner Xstrata PLC, has run into trouble with US$500 million of project financing.

BHP In The Hot Seat

Forbes (Free subscription) | 10/22/2008

... Wednesday. It stated that it was "not negotiating and has no intention to make an offer to acquire Xstrata Plc, or a stake in Xstrata," in response to market rumors. Rio Tinto) fell 5.4%, or 138 pence ($2.26), to 24.22 pounds ($39.75), in London on Wednesday afternoon, while Xstrata (other-otc: ) dropped 6.7%, or 72 pence ($1.18), to 9.99 pounds ($16.39). Vale was down 8.0%,...