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MINER'S RIGHT
Trading places
Revenge is a dish best served cold, and while Mick Davis is probably not a man who believes in retaliation for past affronts, the former head of Xstrata has reason to gloat, just a little, about the ill-fortune of his one-time colleague, Glencore’s boss, Ivan Glasenberg.
Glencore’s Ravensworth North coal mine in the Hunter Valley, New South Wales
Three years ago it was Davis who looked the loser in the US$65 billion takeover of Xstrata by Glencore after Glasenberg decided he would prefer to run the combined business on his own, terminating the...
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