GLOBAL agricultural, energy and mineral giant Glencore is set to buy mining kingpin Xstrata in what would be the world's biggest commodities takeover if the deal goes ahead.
Glencore and Xstrata have agreed to an all-share merger worth $90 billion.
Both companies are headquartered in Switzerland, but Glencore is listed on the London and Hong Kong stock exchanges and registered on the Channel Island of Jersey.
It already has a 34pc share in Xstrata.
Glencore's global agricultural interests include farms in Australia, Paraguay, Russia, Ukraine and Kazakhstan, covering 270,000 hectares, plus grain and oilseed trading and processing, and sugar and rice trading and milling.
In Argentina, among other assets, Glencore owns the big silo and grain handling equipment name Moreno.
Glencore's local mining assets include the Cobar copper mine and Western Australia's Murrin Murrin nickle and cobalt processing site.
Xtrata's mining activities span 21 countries including a big profile in the NSW and Queensland coal sector. It also has nickle and zinc interests in Australia.
Email a friend