This is not really news. Glencore had already owned 70% of Minara in August, 2011 and had offered to buy the whole of Minara; this is how Glencore makes money - taking over smaller mining companies and sells off the commodity. Glencore is not a private company, it had gone IPO in May and is down about 25% since it has gone public. http://quotes.wsj.com/HK/0805
On Mon, Dec 5, 2011 at 3:44 PM, <mix...@bigpond.com> wrote: > > The (private?) Swiss company Glencore has acquired all the shares of the > largest > Australian Nickel producer Minara. > > >
