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.