Difference between revisions of "Xstrata"

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{{Template:Mining and Metals badge}}
 
{{Template:Mining and Metals badge}}
'''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.<ref name="ids">Directors' Pay Report 2011 (2011), IDS, London.</ref>
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'''Xstrata''' is a FTSE 100 Anglo-Swiss mining company, of which 34.5% is currently owned by mining giant [[Anglo American]].<ref>Alex MacDonald, [http://www.marketwatch.com/story/glencore-lockups-expire-may-facilitate-big-deals-2011-11-24 Glencore lockups expire; may facilitate big deals], MarketWatch, 24 November 2011, accessed 1 December 2011</ref> In 2011 its chief executive [[Mick Davis]] was ranked as the highest-earning CEO of the FTSE 100.<ref name="ids">Directors' Pay Report 2011 (2011), IDS, London. See also: Stephen Foley, '[http://www.independent.co.uk/news/business/news/business-as-usual-top-directors-get-49-per-cent-pay-rise-2376929.html Business as usual: top directors get 49 per cent pay rise]', The Independent, 28 October 2011, accessed 30 November 2011</ref>
  
 
==Activities==
 
==Activities==
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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.<ref name="ids"/>  
 
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.<ref name="ids"/>  
  
A new tax havens database published in October 2011 by the anti-poverty charity ActionAid revealed that Xstrata had 55 subsidiaries in tax havens. <ref> ActionAid 'Addicted to tax havens', 11 October 2011, accessed same day </ref>
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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. <ref>ActionAid 'Addicted to tax havens', 11 October 2011, accessed same day; [http://www.actionaid.org.uk/103031/ftse_100_tax_haven_tracker.html FTSE 100 Tax Haven Tracker], Action Aid, accessed 1 November 2011</ref>
  
 
===Falconbridge Acquisition===
 
===Falconbridge Acquisition===
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*[[Trevor Reid]], chief financial officer
 
*[[Trevor Reid]], chief financial officer
 
*[[Santiago Zaldumbide]], executive director and Chief Executive of Xstrata Zinc
 
*[[Santiago Zaldumbide]], executive director and Chief Executive of Xstrata Zinc
*[[John Bond|Sir John Bond]], chairman
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*[[John Bond|Sir John Bond]], chairman, former boss at [[HBSC]], then [[Vodafone]]
 
*[[David Rough]], Deputy Chairman and Senior Independent director
 
*[[David Rough]], Deputy Chairman and Senior Independent director
 
*[[Con Fauconnier|Dr Con Fauconnier]]
 
*[[Con Fauconnier|Dr Con Fauconnier]]
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*[[Aristotelis Mistakidis]]
 
*[[Aristotelis Mistakidis]]
 
*[[Tor Peterson]]
 
*[[Tor Peterson]]
*[[Steve Robson|Sir Steve Robson CB]]
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*[[Steve Robson|Sir Steve Robson CB]], former UK second permanent secretary at [[HM Treasury]] and a non-executive director of the [[Royal Bank of Scotland]] until 2009
 
*[[Ian Strachan]]
 
*[[Ian Strachan]]
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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.<ref> Anna White, [http://www.telegraph.co.uk/finance/comment/citydiary/9142662/Trainer-talks-Turkey-with-millionaire-Kurt.html Sir John is just the man for Xtrata], 14 Mar 2012, acc 15 March 2012 </ref>
  
 
==PR and lobbyists==
 
==PR and lobbyists==

Latest revision as of 12:50, 29 February 2016

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]

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.[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]

People

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

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. 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