Xstrata approves merger with Glencore, Chairman to step down

Following a rather byzantine string of votes this afternoon Xstrata shareholders have approved their company's merger with Glencore International, in a combination which will see the creation of the world's fourth largest mining company and third largest producer of mined copper.

Following a rather byzantine string of votes this afternoon Xstrata shareholders have approved their company's merger with Glencore International, in a combination which will see the creation of the world's fourth largest mining company and third largest producer of mined copper.

Thus, the company's shareholders were asked to vote on three different motions.

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