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Mining-alcans-60px.jpg This article is part of the Mining and Metals project of Spinwatch

Xstrata is a FTSE 100 Anglo-Swiss mining company, of which 34.5% is currently owned by mining giant Anglo American.[1] In 2011 its chief executive Mick Davis was ranked as the highest-earning CEO of the FTSE 100.[2]


Stratospheric executive pay and tax havens

The Directors' Pay Report 2011 by IDS revealed that Xstrata CEO Mick Davis earned £18,426,105 in the year till June 2011, making him the highest-earning FTSE 100 CEO of the year.[2]

A new tax havens database published in October 2011 by the anti-poverty charity ActionAid revealed that Xstrata has 55 subsidiaries in tax havens, 14% of its total. [3]

Falconbridge Acquisition

In 2006 Xstrata acquired 100 per cent of Falconbridge,[4] in a deal steered by Ian Hannam of JP Morgan.[5]


In March 2012 Xstrata was ranked last in a Cranfield Business School survey of FTSE 100 companies by the number of women on its boards.[6]

PR and lobbyists




Registered Office:
4th Floor 25/27 Haymarket
London, UK

Head Office:

Bahnhofstrasse 2, PO Box 102

Website: xstrata.com/



  1. Alex MacDonald, Glencore lockups expire; may facilitate big deals, MarketWatch, 24 November 2011, accessed 1 December 2011
  2. 2.0 2.1 Directors' Pay Report 2011 (2011), IDS, London. See also: Stephen Foley, 'Business as usual: top directors get 49 per cent pay rise', The Independent, 28 October 2011, accessed 30 November 2011
  3. ActionAid 'Addicted to tax havens', 11 October 2011, accessed same day; FTSE 100 Tax Haven Tracker, Action Aid, accessed 1 November 2011
  4. News Release: Xstrata Completes Acquisition of Falconbridge', Xstrata, 2 November 2006, accessed 30 November 2011
  5. Marion Dakers, ‘Heritage Oil shares surge after talk of takeover interest from the Middle East’, “City AM”, 18 March 2011, accessed 10 July 2011
  6. Anna White, Sir John is just the man for Xtrata, 14 Mar 2012, acc 15 March 2012
  7. APPC Register Entry for 1 June 2011 to 31 August 2011
  8. APPC Register Entry for 1 December 2010 to 28 February 2011
  9. Regester Larkin clients, Retrieved from the Internet archive of 21 December 2008 on 2 may 2011