NewsWhore
08-22-2006, 06:20 PM
Xstrata, a major global diversified mining group listed on the London and Swiss stock exchanges has announced its purchase of remaining shares of Falconbridge Ltd., a Canadian company. This includes the Dominican affiliate, Falconbridge Dominicana. Xstrata bought 93% of shares in Falconbridge Limited for US$20 billion, a transaction that included 85% of assets of that consortium in the Dominican Republic. Falconbridge operations superintendent Alex Medina and communications manager Luis Rosado explained that Xstrata bought the shares from Falconbridge Limited - which owns shares in over 50 companies around the world - on the Toronto stock exchange. Xstrata's representative in the country, Mail Davis, informed that the Swiss company took over administrative control of the mining company in the DR yesterday. Falconbridge Limited owned 85% of the shares of Falconbridge Dominicana, 10.5% belong to the Dominican state, and 4.5% to other shareholders, according to a report by El Caribe. Xstrata, which has its headquarters in Zug, Switzerland. has investments in Europe, North America and other parts of the world, and after purchasing Falconbridge Limited, has become the fifth largest mining group in the world.
See http://www.xstrata.com/falconbridge/
More... (http://www.dr1.com/index.html#10)
See http://www.xstrata.com/falconbridge/
More... (http://www.dr1.com/index.html#10)