Qatar’s Shift From Harrods Gives It Pivotal Role on Xstrata Deal

Qatar’s Shift From Harrods Gives It Pivotal Role on Xstrata Deal

Jack Atley/Bloomberg

The copper smelter operates at Xstrata Plc's Mt. Isa mining operations in Mount Isa, Queensland, Australia. By taking stakes in resource companies like Xstrata, said Kristian Coates Ulrichsen, a professor of Arab politics at the London School of Economics. Qatar is trying to extend its influence outside its region, where it’s clashed with neighboring Saudi Arabia, and build new allies in countries where the companies are located.