CAPITAL MARKETS

Xstrata takes full control of Glendell project

XSTRATA has increased its share in the Glendell project in New South Wales' Hunter Valley to 100% with the A$17.75 million purchase of another 32.5% stake from Mitsui Matsushima Australia.

Greg Tubby

London-listed Xstrata said the transaction would have no impact on its consolidated revenue or EBIT because Glendell is non-operational. Xstrata now has 100% ownership in contiguous property and mining...

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