XSRAF Xstrata Plc featured news, full reports, and detailed charts
Xstrata Plc (XSRAF/XSRAF.PK) Wrap Up:
Xstrata plc, through its subsidiaries, operates as a diversified mining company. It principally focuses on copper, coking coal, thermal coal, ferrochrome, nickel, vanadium, and zinc metals, as well as on platinum group metals, gold, cobalt, lead, and silver. The company’s operations and projects span in various countries, primarily Argentina, Australia, Brazil, Canada, Chile, Colombia, the Dominican Republic, Germany, New Caledonia, Norway, Papua New Guinea, Peru, the Philippines, South Africa, Spain, Tanzania, the United States, and the United Kingdom. Xstrata holds interests in approximately 30 operating coal mines in Australia, South Africa, and Colombia; and in an exploration project in ...www.xstrata.com
40,049 Employees
Founded in 1926
Xstrata Plc (XSRAF:OTC)
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Market Cap
5.2T
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Total Revenue
30.4B
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EBITDA
10.8B
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DILUTED EPS TTM
5.39
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P/E
328.3x
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P/S
138.9x
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Return On Asset
--
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Return On Equity
--
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related news
Daily Mail, London, market report column [Daily Mail, London]
Knight Ridder/Tribune - 11/20/2009 11:55 AM ET
XSRAF Top Compensated Officers
Mr. Michael Davis
Chief Executive Officer, Executive Director, ...
Age: 52
Total Annual Compensation: $5.0M
Mr. Trevor Reid
Chief Financial Officer, Executive Director a...
Age: 49
Total Annual Compensation: $2.5M
Mr. Santiago Zaldumbide
Executive Director, Executive Chairman of Ast...
Age: 67
Total Annual Compensation: $3.2M
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Xstrata Plc (XSRAF)
Xstrata plc Reports Production Results for the Third Quarter and Nine Months Ended September 2009
10/23/2009
Xstrata plc reported production results for the third quarter and nine months ended September 2009. The company reported a 9.57% year-on-year drop in mined copper output for the third quarter to 212,173t due to lower grades at the Alumbrera mine in Argentina, Antamina in Peru and Ernest Henry in Australia. Copper cathode output, including third party material, fell to 181,318t from 212,635t, while mined gold output - which also comes from the Xstrata Copper division - fell to 99,336oz from 141,478oz. In the nickel division, the company said its Falcondo operation in the Dominican Republic remained halted for maintenance in the third quarter. Thermal coal output from the Americas rose to 5.2Mt from 2.8Mt. In Latin America the company owns one-third of the Carbones de Cerrejón mine and recently acquired the Prodeco mine, both in Colombia. However, the company only included Prodeco for its production report of thermal coal in the Americas for January-September 2009, which amounted to 15.6Mt, up from 8.0Mt year-on-year.
Xstrata Walks Away From Making Formal Bid For Anglo
10/22/2009
On October 15, 2009 Xstrata plc walked away from making a formal bid for Anglo American plc. Xstrata was given October 20, 2009 deadline by London's Takeover Panel to place a formal bid for Anglo or walk away for the next six months.
Recapital Reportedly Close To Acquiring Berau Coal
10/20/2009
PT Recapital Advisors is close to signing an agreement to acquire PT Berau Coal for at least $1.3 billion, according to sources familiar with the deal. Recapital has received a verbal agreement that they are the winners in the bidding for the company, two sources told Reuters, adding the deal could be finalized by the end of 2009. Under the deal, Recapital will acquire a 51% stake from PT Armadian Tritunggal, controlled by businessman Rizal Risjad, which would trigger the sale of remaining shares in Berau, sources said. "Yes we are bidding for Berau," Rosan P. Roeslani, president director of Recapital, told Reuters, without confirming that his company was the winning bidder. The sources wished to remain anonymous because the deal was not public. Credit Suisse Group is advising Recapital, one of the sources said. The sale is being run by Deutsche Bank AG, Bank of America's Merrill Lynch, and PacBridge Capital Partners. Huaneng Power International Inc. and Indika Energy tbk had also tabled bids, sources had told Reuters in July. Banpu Public Company Limited may also have bid for the stake while Xstrata Plc and Peabody Energy Corp. had previously expressed interest.
XSRAF Competitors
| Company | Last | Change |
| Anglo American | 2,530 GBX | +3.00 |
| BG Group | 1,126 GBX | -5.50 |
| BHP Billiton | 1,808 GBX | -19.00 |
| Rio Tinto | 3,148 GBX | -36.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | XSRAF | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 138.9x |
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| Price/Book | 161.6x |
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| Price/Cash Flow | 685.8x |
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| TEV/Sales | 169.8x |
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XSRAF |
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XSRAF transactions
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| No transactions in the last 6 months. | ||
More Recent News About Xstrata Plc
More news for XSRAF
Europe Sags On SAP, ArcelorMittal
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Barclays Weighs On Europe
LONDON -- Despite a strong raft of earnings from the U.S. and higher closes from Wall Street and Asia, Europe managed only weak gains in afternoon trading. News that the government of Qatar was selling 379 million shares in Barclays ( BCS - news - people ) sent shares in the British bank down by more than 4% in London, and weighed on the region's leading indexes. Qatar will make nearly $1 billion by cashing in on its stake. Supermarket chain Sainsbury's meanwhile rose in London on speculation that Qatar would turn its sights on bidding for the firm. The Dow Jones Eurostoxx index of leading European shares was up 0.2% at 2,951.81 points in afternoon trading. The index had been in negative territory for most of the morning, but seemed to get a slight boost from positive earnings numbers from DuPont ( DD - news - people ) on Tuesday morning in New York, as well as news that Caterpillar ( CAT - ...Click here to read the whole Article (external link)
Xstrata Holds On $48B Anglo Deal
LONDON -- Xstrata's deal of the decade has just been put on hold. The globally diversified mining giant said Thursday that it was walking away from a $48 billion merger proposition that it made to platinum and diamonds miner Anglo American in June. The news comes five days before a "put up or shut up" deadline that had been imposed by the U.K.'s takeover panel and requested by Anglo, which was overtly determined to stay independent. Xstrata ( XSRAF - news - people ) now can't make a bid for six months. But don't expect this to mark the end of Xstrata's ambitions for Anglo, even though it never raised its offer from a merger of equals to the 10% to 30% premium that Anglo's shareholders had reportedly been hankering for. Xstrata's chief executive, Nick Davis, said Thursday that there was still "compelling strategic rationale" for a merger of the two companies, which would lead to more than $1 billion synergies each year, three years after completion. Such an acquisition would give Xstrata the diversity and scale to tackle the large development projects that only mega-miners like Rio Tinto ( RTP - news - ...Click here to read the whole Article (external link)
Gold Mining Long And Short
Buy: Barrick Gold Corp. Barrick ( ABX - news - people ) recently entered into an agreement to purchase a 70% interest in the El Morro copper gold project in northern Chile for $465 million from Xstrata ( XSRAF.PK - news - people ). Total proven and probable reserves for El Morro are estimated at 6.7 million ounces of gold and 5.7 billion pounds of copper. The project may offer construction and operating synergies with other nearby Barrick projects, such as Pascua-Lama. An extensive $70 million project feasibility study was completed almost two years ago, estimating annual production (70% attributable to Barrick) of about 300,000 ounces of gold and 350 million pounds of copper over a 14-year mine life. The study assumed then-current construction and operating costs (labor, fuel, materials, equipment); it required capital investment of $2.5 billion, which could be materially lower at today's price, but would generate an internal rate of return of over 14%, using gold at $625 per ounce and copper at $2.80 per pound. Click here for "Five ...Click here to read the whole Article (external link)
Philips Lifts European Tech Shares
LONDON -- European bourses were riding high on Monday as Royal Philips Electronics kicked off a busy week of third-quarter earnings with some better-than-expected profits. The Dutch electronics, lighting and medical equipment maker announced that its net profit for the third quarter had tripled to 174 million euros ($256 million), largely thanks to heavy cost cutting. Its shares jumped 7.5% to 18.32 euros ($27.10) in Amsterdam.The results were in the upper range of analysts' expectations, but Philips Electronics ( PHG - news - people ) sounded a note of caution on its short-term outlook, saying there was still an absence of evidence of a structural recovery in some of its key markets. (See "Philips Still At Mercy Of Consumers.") The news lifted Europe's tech sector though, with Alcatel-Lucent ( ALU - news - people ) up 5.4% in Paris, Infineon Technologies ( ...Click here to read the whole Article (external link)
ECB A Touch More Hawkish
LONDON -- European traders kept leading shares in positive territory througout Thursday after the region's central banks left interest rates at record lows, with the European Central Bank taking on a more hawkish tone than usual, and American miner Alcoa kicked off the third-quarter earnings season with better-than-expected profits. Europe's Dow Jones Eurostoxx 50 index closed up by 1.2% in Europe, with London-listed miners like Vedanta Resources ( VDNRF - news - people ) and Xstrata ( XSRAF - news - people ) leading the gainers on momentum from Alcoa ( AA - news - people ). Vedanta also provided a second-quarter production update which was broadly in line with expectations.Thursday marked the one-year annive...Click here to read the whole Article (external link)
Europe On An Alcoa, Aussie High
LONDON -- European traders were back in the mood for equities on Thursday after the American miner Alcoa kicked off the third-quarter earnings season with better-than-expected profits, lifting Wall Street. On top of that the Australian government released a surprise drop in its jobless rate on Thursday to 5.7%, instead of an expected rise to 6%. Europe's Dow Jones Eurostoxx 50 index was up 1.7% at midday in Europe, with London-listed miners like Vedanta Resources ( VDNRF - news - people ) and Xstrata ( XSRAF - news - people ) leading the gainers on momentum from Alcoa ( AA - news - people ). Vedanta also provided ...Click here to read the whole Article (external link)
Europe Sinks On Jobs Data
LONDON -- Unemployment data from the United States weighed heavily on European market sentiment on Friday afternoon. Traders here had already been placing bearish bets on equities ahead of the release of figures, but leading indexes sank further into negative territory after the Labor Department said American employers had cut some 263,000 jobs in September, well above the 175,000 that had been expected. That was also up from a downwardly revised 201,000 jobs shed in August. The Dow Jones Eurostoxx index of the region's 50 leading shares fell by 2% at 2,754 points in afternoon trading after the data release, with London's FTSE 100 index down by 1.5%, the Paris Cac 40 trading 2.1% lower and Frankfurt's Dax down by 1.7%. The U.S. unemployment rate rose to 9.8% from 9.7% in August, in line with economists' expectations. European losses were particularly heavy in financials: Commerzbank ( CRZBY - news - people ) sank by 10.2% in Frankfurt and British bank Royal Bank of Scotland ( RBS - news - people ) fell 7.9% in London. Reinsurnace giant ...Click here to read the whole Article (external link)
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