The opera buff, the £5bn man and a mega-deal sealed on the slopes: How £56bn mining mega-merger ca

The opera buff, the £5bn man and a mega-deal sealed on the slopes: How £56bn mining mega-merger came into being Read more: www.dailymail.co.uk...

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Two of the City’s biggest companies have outlined ambitious plans for a £56 billion mega-merger to create an unprecedented global mining and commodities powerhouse.
Xstrata and Glencore struck a deal that would give them control over the trade in everything from the wheat in a loaf of bread to the wiring in everyday electrical items.

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well it seems like a monopoly on everything we need is being created.

"Gigantic is certainly the right word. The deal brings together two groups to create a giant octopus which last year generated a mind-boggling £137 billion in revenues — equivalent to the entire UK national deficit last year"

Seems they are also close to some familiar faces
"A close friend is banking heir Nat Rothschild, who invested millions in Glencore when it was floated. Other friends include the ubiquitous Russian oligarch Oleg Deripaska, who controversially hosted George Osborne and Lord (Peter) Mandelson on his yacht nearly four years ago in Corfu."

What is ATS thoughts on this merger?

www.dailymail .co.uk
(visit the link for the full news article)

When we consider these...

1) Both men grew up in South Africa during the apartheid.

2) Exploitation of the locals.

3) Excessive pollution from mining.

4) The merger enables control over essential ressources.

We should keep an eye on them...