Well the guessing game continues concerning which assets mogul miner Mick Davis is going to buy to build up his mining company. His company Xstrata, an Anglo-Swiss multi-national miner, merged with Glencore in a $27 billion sale. Davis has been working with Goldman Sachs on financing and is consulting with First Avenue.
As commodity prices fall, many miners are struggling and are forced to sell assets, but that is good news for potential buyers like Davis. Possible candidates may be the segment BHP Billiton is spinning off, or the non-South African assets AngloGold Ashanti has unloaded.
Mick Davis has been in the news for more than mining. The Jewish Standard put him at the top of the list as “Most Influential Jew in England.” South African born Davis has been staunchly critical of the Israeli government during the recent Gaza conflict and his calling Israel an “Apartheid state.”