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Glencore Xstrata deal will shake up the mining industry

The planned merger of the commodities trader Glencore and the mining company Xstrata is expected to shake-up the industry.

It is thought that if Xstrata accepts the revised $35.5bn (£21.9 bn) offer to tie up with Glencore it could lead to other mergers in the mining sector.

Rajiv Biswas, the Asia Pacific chief economist at IHS Global Insight, told Asia Business Report's Rico Hizon that global economic slowdown will cut demand for mining commodities and that will prompt more consolidation in the industry.

  • 26 Sep 2012