Ivan Glasenberg

Chief executive of mining and trading giant Glencore International landed the deal of a lifetime by orchestrating takeover of mining associate Xstrata. Ivan Glasenberg has been as #2nd Australias 50 Richest - Forbes.

Glencore to beat cost saving target, sees more ahead

LONDON (Reuters) - Glencore Xstrata promised investors on Tuesday it would slash costs, shelve risky projects and squeeze more benefits from its $46 billion (29.29 billion pounds) takeover of mining group Xstrata, lifting its target to at least $2 billion of synergies by next year.

Source: www.reuters.com | Date: 10th September 2013 Read more