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I was expecting this post to be about Glencore merging with Xtrata [1]. Although in news for over a year, the merger was completed earlier this month. It is im
by sgpl 13y ago
I was expecting this post to be about Glencore merging with Xtrata [1]. Although in news for over a year, the merger was completed earlier this month.
It is important for the fact that this merger creates the largest commodities trading entity and the fourth largest mining company on the planet.
[1] wsj: http://goo.gl/UOaN2 http://goo.gl/UOaN2
[2] wiki: http://goo.gl/faWrJ http://goo.gl/faWrJ
- jacques_chester 13y agoGlencore and Xstrata are so incredibly far from the consumer mind that it's hard to explain. Yet the impact of that merger? Ultimately, very large. But it's difficult to make a story out of it. No photogenic women are making instant billionaires out of photogenic high school dropouts. The narrative is dull. Two companies, one which digs and one which deals, have decided zzzzZZzz