Xstrata's Lamoureux buys after slump

published 11 November 2008

Continued falls in the value of Xstrata shares tempted director Claude Lamoureux to spend more than £50,000 on shares in the company.

He bought 5,000 shares at 1,093p a time, the company announced today.

Last month, Lamoureux, who became a director of the firm in May, bought 4,000 shares at 1,378p a time.

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Shares in Xstrata have slumped from levels above 4,000p as recently as June, in line with heavy falls in commodity prices.

Lamoureux is also on the boards of Northumbrian Water and the Canadian food processor Maple Leaf Foods.

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