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Glencore Xstrata – the birth of a mining monster
Glencore and Xstrata were, until May 2013, two of the largest commodities companies in the world. Xstrata specialised in mining, while Glencore operated mines but was also a major commodities trader. Both were based in Switzerland, but first Xstrata and then Glencore listed on the London Stock Exchange. Their merger in May 2013 has created a mining