Xstrata flirts with rival

Daily MailJune 25, 2009

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Summary


XSTRATA stepped up pressure on mining rival Anglo American by releasing details of the proposed 'merger of equals', including plans to find Pounds 615m ($1bn) of cost savings.

'We remain convinced of the undeniable logic for a merger of equals between Anglo American and Xstrata,' said Xstrata chief Mick Davis.

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Extract


Xstrata flirts with rival

But Anglo sources said bo...

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