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Xstrata Terminate Deal with Brazillian Mining Giant

Mar 26 2008

Xstrata announces that discussions with Vale regarding a potential combination of the two companies have been terminated by mutual agreement.

Mick Davis, Xstrata Chief Executive commented: “While Vale and Xstrata continue to believe that a combination of the two companies could realise significant value for both sets of shareholders, we have not been able to reach agreement. We have therefore mutually decided to cease discussions.”
 

Posted March 26th,2008

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