Xstrata Plc would be interested in acquiring manganese ore
assets at the right price and sees consolidation in the South
African market, chief executive officer Ivan Glasenberg
"Does (manganese ore)
fit into the game of Glencore? Yes," he told journalists Sept.
10 at a briefing in London.
"We recently invested
in a small operation. I dont know if thats public
knowledge yet," he said. "In South Africa, its a very
disjointed industry with different players. Is there
opportunity for consolidation? Yes. Were interested if
people want to sell at the right price."
Switzerland-based company acquired Vale SAs European
manganese alloy operations for $160 million in 2012, sparking
speculation that its next move could be to secure its own
upstream supply. It also signed up to act as the Rio de
Janeiro-based mining companys agent for manganese
Glencore Xstrata has
expressed its intention to expand its ferroalloys presence and
has been named as a potential bidder for BHP Billiton
Ltd.s Tasmanian Electro Metallurgical Co. (Temco) plant
A version of this
article was first published in AMM sister publication Metal