A merger of Glencore and Xstrata would create a mining giant with a dominant position in commodities including thermal coal, zinc and lead.
The combined group would control about 30 per cent of internationally traded thermal coal, according to FT calculations based on data released by the two companies .
Xstrata is already the world’s largest thermal coal supplier. Combined with Glencore’s own output and the third-party production it trades, the merged group would supply 30 per cent of the seaborne market – essential for fuelling the power stations of Japan, South Korea and China.
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