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Glencore: no purchases for now

Source: Financial Times, 13th June 2011

If anyone can knock wayward Kazakh mining companies into shape and do deals in racy jurisdictions, it is probably Ivan Glasenberg, chief executive of Glencore. Talk that the newly-listed commodity trader-cum-miner is eyeing a bid for Eurasian Natural Resources Corporation, in which Kazakhmys holds a key stake, has prompted a pop in both companies' shares. But it is wildly premature.



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