Xstrata is a major global diversified mining group. Xstrata maintains a meaningful position in six major international commodity markets: copper, coking coal, thermal coal, ferrochrome, vanadium and zinc, with additional exposures to gold, lead and silver. The Groups operations and projects span four continents and seven countries: Australia, South Africa, Spain, Germany, Argentina, Peru and the UK.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Coal:       42%
Copper:    25%
Zinc:       18%
Chrome:   10%
Vanadium: 4%
Others:     1%

does anyone know if xta has had its rights issue yet ? 350p seems very low on this stock.

Subscription for rights @2.10 per share to be in by 5pm. 10/3/09 at selftrade.

thanks steve52.

It was around 650 before the announcement. %50 fall for improving cash position.

Autonomy issued shares at 3 ish when it was 450p. After taking over another company, it recovered to its highs and passed to 12 now.

PE =3
By the way, GE credit rating is cut, but share price moved up just 10%. Not fair!

I think it`s the last day to take up rights at 2.10p

Have you taken up?

not yet.

When can the new shares be traded?

Monday 18 March

Monday is the 16th lol

He meant April!!

don't the new shares start trading til then?

Epic. XTAN rights. current price 140/141 if your interested

Yep, I've got it on my stockwatch.

is the bid/offer SP of XTAN the wrong way around?
It appears you can buy them for 120p and sell at 190p. but shows a buy for 185p.
or am i missing something?[quite probably!!!]

ahoj,

this link may hold the answer to your question [your post 193]
http://www.xstrata.com/announcements20090129/

worth putting back on the "close watch" list ...... now the rights issue is out of the way and virtually completely taken up, there could now be some decent life left in this old dog

Telegraph
Wednesday 20 May 2009 | Market Report

Mining companies peppered the leaderboard as base metal moved higher. Anglo American topped the blue-chip risers, putting on 112p to 16.00. Xstrata also climbed 31 to 648p as vague talk circulated of a possible merger with Anglo American.

May 21, 2009

Minco Has Led Xstrata To A Very Exciting Base Metal Project In Ireland

Charles Wyatt

Minco, the Irish base metal explorer, has announced an intercept from drilling at the Pallas Green project in Co Limerick which makes even the case hardened geologists at Xstrata gasp. It hit 3.45 metres grading 24.2% zinc and 5.43% lead, which were the highest grades ever recorded at Pallas Green, at a depth of 330.9 metres. This depth is significant as drilling in the past has concentrated on the southern extension of the Tobermalug deposit down to a depth of 500 metres, so this northwest extension is shallower and higher grade. According to Terence McKillen, the chief executive, this hole and three earlier ones confirm the potential of the northwest extension which now extends over a 1,000 metre length and remains open ended.
He went on this extension is located in the hangingwall of a west-northwest striking fault, the Caherconlish Fault, which is associated with higher grade mineralization within the main Tobermalug deposit to the southeast. It should add significantly to the overall zinc-lead resource at Tobermalug. Four drills are now working at Pallas Green as compared with fifteen towards the end of last year. Three of these are exploring the southern extension and one of these will be moved to the northwest extension where it is planned that a programme of four additional holes will be completed by the end of June.

The Pallas Green project is a joint venture between little Minco and the rather bigger Xstrata and four diamond drills have drilled 5,380 metres between 1 January and 30 April this year. A resource estimate should be announced shortly according to people near the company, but it will not take account of the results from this latest drilling. Pallas Green is located on the southern boundary of the Irish Midland orefield and drilling to date has resulted in the discovery of a significant cluster of zinc-lead massive sulphide lenses at Castlegarde, Shrane West, Caherconlish and Tobermalug. This cluster of deposits is thought to be comparable to the mineralised clusters currently being mined at Lisheen and Galmoy approximately 50 kilometres to the northeast.

The carbonate-hosted zinc-lead deposit at Lisheen was discovered in 1990 and mineralization occurs as massive flat lying sulphide lenses at the base of a reef in the northern hanging wall of the Killoran Fault. This description alone is so similar to Pallas Green that it is hardly surprising that Xstrata rates it highly. Anglo American owns and operates Lisheen and in 2007 this underground mine produced 174,435 tonnes of zinc and 20,192 tonnes of lead in concentrate from ore grading 12.01% zinc and 1.91% lead. The Galmoy deposit is owned and operated by Lundin Mining and production commenced in arly 1997. The geological setting is similar to Lisheen, and by inference to Pallas Green where the alternation trend is analogous to the Lisheen alteration trend.

Ireland is an established regional zinc producer supplying around half of Europes mine production and the exploration drilling programme in progress at Pallas Green is reckoned to be the biggest in the 50 year modern history of the Irish mining industry. A budget of 1.5million was agreed for the first half of this year and Minco has paid its share which is in line with its 23.6 per cent interest. It is becoming ever more clear that Xstrata thinks it may have a mine on its hands as the work programme for this year involves a preliminary scoping study which will include a resource estimate, a preliminary mining plan and a preliminary metallurgical report. Work will also be undertaken on cost estimates and environmental baseline studies though both of these will be at an early stage. The programme and budget for the second half of the year will be decided once this scoping study has been reviewed and drilling results received. As a sign of how seriously Xstrata is taking this project all drill cores are being sent out to its Canadian facilities.

There seems little doubt that Minco will have to raise some money when the budget for the second half is agreed as it would not want to be diluted. Presumably at that stage it will raise its profile a bit as at the moment it suffers from the fact that its operations are in Ireland, but its management, in the shape of chairman John Kearney and chief executive Terence McKillen, is based in Canada. The Pallas Green project is a great example of the local Minco minnow leading the Xstrata whale to a project with great potential.