The #biggest #mining merger in history

Mining company Xstrata and commodities dealer Glencore have agreed to a $90 billion merger that will create the world’s fourth largest natural resources company.

An interesting article on the biggest mining story in decades, states that the merger is projected to yield cost savings of $500 million in the first full year, while creating the world’s fourth largest global diversified natural resource company, with operations in 33 countries.

Xstrata are set to once again attend the MENA Mining Show 2012 – this 5th Annual event will gather regional and international mining companies, ministries, investors and service providers – where they will be discussing successful mining operations, accessing licenses and investing into Middle East and North Africa mining projects.

With the global demand for commodities rising too it seems 2012 is certainly going to be a massive year for the mining industry globally.

For more information on the 5th Annual MENA Mining Show 2012 contact sally.fleming@terrapinn.com