Eskom concerns could hold up Glencore-Xstrata merger
Dec 10, 2012 | 12:07 PM
| Bianca Markram
Tags
Eskom,
Glencore,
Xstrata,
coal,
Metal Bulletin,
Bianca Markram
JOHANNESBURG — The planned merger of Glencore International Plc and Xstrata Plc may be delayed after South Africa’s power utility, Eskom Holdings Ltd., raised concerns with the South African competition regulator that the merger could impact Eskom’s coal supplies.
Eskom said that it does not intend to block the merger, but it has asked the competition authority to consider imposing certain conditions because a merged Glencore-Xstrata could constrain its ability to acquire competitively priced coal when it needs it. ....
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