Glencore CEO seals "deal of the year" in 2012: FT.

FT: “Driven, restless and possessed of a titanic ambition, Ivan Glasenberg pulled off the deal of the year in 2012. After months of fraught negotiations, the 55-year-old billionaire boss of Glencore finally secured shareholder approval for a $68bn takeover of Xstrata, its rival mining and metals company.”” The tie-up is the fifth largest ever in the natural resources sector, creating a behemoth that dominates sourcing, production, marketing and trading in most commodities. It ranks alongside the mega-mergers of Exxon-Mobil, BP-Amoco and Chevron-Texaco that transformed the oil industry in the late 1990s.”
JL thought: He wants to make an ExxonMobil of coal etc. And inflate the carbon bubble inflate still further.