Xstrata

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Xstrata is a FTSE 100 Anglo-Swiss mining company. In 2011 its chief executive Mick Davis was ranked as the highest-earning CEO of the FTSE 100.[1]

Activities

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.[1]

A new tax havens database published in October 2011 by the anti-poverty charity ActionAid revealed that Xstrata had 55 subsidiaries in tax havens. [2]

Falconbridge Acquisition

In 2006 Xstrata acquired 100 per cent of Falconbridge,[3] in a deal steered by Ian Hannam of JP Morgan.[4]

People

PR and lobbyists

Affiliations

Contact

Address:

Registered Office:
4th Floor 25/27 Haymarket
London, UK
SW1Y 4EN

Head Office:

Bahnhofstrasse 2, PO Box 102
Zug
6301
Switzerland

Website: xstrata.com/

Resources

Notes

  1. 1.0 1.1 Directors' Pay Report 2011 (2011), IDS, London.
  2. ActionAid 'Addicted to tax havens', 11 October 2011, accessed same day
  3. News Release: Xstrata Completes Acquisition of Falconbridge', Xstrata, 2 November 2006, accessed 30 November 2011
  4. Marion Dakers, ‘Heritage Oil shares surge after talk of takeover interest from the Middle East’, “City AM”, 18 March 2011, accessed 10 July 2011
  5. APPC Register Entry for 1 June 2011 to 31 August 2011
  6. APPC Register Entry for 1 December 2010 to 28 February 2011
  7. Regester Larkin clients, Retrieved from the Internet archive of 21 December 2008 on 2 may 2011