Daily Briefing: Xstrata problems

[staff]

Daily Briefing: Xstrata problems
      

The price may be right in Vale’s $90 billion bid for Xstrata, but a dispute over marketing rights held by Xstrata’s biggest shareholder is now threatening the deal. A source close to the situation says Swiss commodities trader Glencore wants to boost its lucrative large, long-term contracts to sell Xstrata’s mining output. “They’re a long [...]
         

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