Why Xstrata Is a Hot Commodity

Rising mineral prices have helped the sector escape the recent economic gloom. The Anglo-Swiss outfit's diversified portfolio makes it an M&A target

As warnings of a financial downturn spread through the world economy, it seems somebody has forgotten to tell mining companies about the doom and gloom. On Mar. 3, Anglo-Swiss giant Xstrata (XTA.L) became the latest company to announce bumper 2007 profits on the back of continued strong global demand for commodities from emerging economies (BusinessWeek.com, 2/13/08)

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