Glencore Reports Loss, Warns on Trading Profit

  London based Glencore PLC swung to a steep, first half-year loss, hit by sharp price falls in the raw materials it extracts and lower profit from the trading business that was supposed to cushion More...

Mick Davis’s X2 in ‘serious’ talks for Rio Tinto’s coal assets in Australia: FT

The Financial Times reported this morning that Mick Davis, the former head of Xstrata, is in “serious” talks with Rio Tinto about a multibillion-dollar offer to buy some of the global miner’s Australian More...

Mick Davis tells investors to stay away from coal, Africa

  Former Xstrata boss Mick Davis, a driving force in the deal making that transformed the mining sector during the commodities boom, suggested investors to stay away from coal and Africa, until at More...