Canadian Mining Journal

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CREEPING TAKEOVER – Xstrata ups Falconbridge share to 20%

TORONTO Swiss mining company XSTRATA has purchased another 0.1% of FALCONBRIDGE LTD. from a non-Canadian private ...


TORONTO Swiss mining company XSTRATA has purchased another 0.1% of FALCONBRIDGE LTD. from a non-Canadian private investor. That brings Xstrata’s share of the Canadian nickel and copper producer to 20%.

Xstrata has a reputation of seizing controlling interest in the companies in which it invests. At the rate of 0.1% per fortnight, it will be a while before Falconbridge becomes wholly Swiss-owned. See also the CMJ Net News story dated Aug. 17, 2005.


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