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Wish AMY had access to the money that

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dale6   Sunday, 09/30/12 07:45:45 AM
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Wish AMY had access to the money that these guys have. Staying positive though and hoping that we may be on our way back up soon. Keeping fingers crossed GLTA..

The combination of Glencore and Xstrata was expected to be an acquisition powerhouse, as both have a track record of growing through deals.

Glencore announced, separately on Wednesday, it would buy Brazilian miner Vale's European manganese ferroalloys operations for $160 million, moving into the production of a key steelmaking ingredient.

"This small transaction is characteristic of Glencore's opportunistic and piecemeal M&A strategy and it marks its first foray into manganese production," analyst Dominic O'Kane at Liberum said in a note. (Reuters)

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