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Glencore International PLC Concessions To China Expected For Xstrata PLC Deal-Reuters


Monday, 15 Apr 2013 01:55am EDT 

Reuters reported that Glencore International PLC is expected to agree to concessions this week to ease Chinese worries over its grip on the supply of copper, clearing the final regulatory hurdle in its $32 billion acquisition of miner Xstrata PLC. After months of negotiations, Glencore is expected to have agreed to yield some ground, with analysts and market sources pointing to a likely sale from among Xstrata's promising - though challenging - greenfield copper projects, which could include Las Bambas in Peru, due to begin production in 2015.