Glencore Xstrata lists on the Johannesburg Stock Exchange

November 14, 2013


 

Johannesburg, 13 November 2013. Today Glencore Xstrata (GLN), one of the world’s largest global diversified natural resources company, listed on the JSE’s Main Board. With a global market capitalisation of R732billion, the company is the third largest listed on the exchange.

Glencore’s diversified operations comprise of over 150 mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities. The combination of a leading integrated producer and marketer of commodities with a leading portfolio of industrial assets enables the company to capture value at every stage of the supply chain.

Glencore has ferrochrome, PGM and coal mines in South Africa inter alia and is the largest exporter of coal in the country. Glencore Xstrata has a primary listing on the London Stock Exchange (LSE) and a secondary quote on the Hong Kong Stock Exchange (HKEx).

“We welcome Glencore Xstrata to the JSE’s Main Board. It’s a huge accolade for the exchange that a multinational company of Glencore Xstrata’s size and stature would select the JSE for its secondary listing. We are confident that this listing will enhance Glencore Xstrata’s growth prospects and profile on the continent. The listing reflects well on South African financial markets and sends a positive message to potential issuers both local and international.” says Nicky Newton-King, CEO of the JSE.

Glencore Xstrata is the tenth company and the fourth resources group to list on the exchange this year. Newton-King says the listing will be likely to attract investors to the JSE and could increase trading activity on the exchange. “For local investors this listing also provides exposure to another globally diversified company.”

For further information about the listing visit: www.glencorexstrata.com

About JSE Limited
As South Africa’s only full service securities exchange, the JSE connects buyers and sellers in five different financial markets, namely equities, equity derivatives, commodity derivatives, currency derivatives and interest rate products. The JSE Ltd offers the investor a truly first world trading environment, with world class technology, surveillance and settlement in an emerging market context. It is amongst the top 20 largest equities exchanges in terms of market capitalisation in the world. In terms of derivatives, the JSE is currently ranked the 20th largest exchange by the Futures Industry Association (FIA).
For further information, please visit www.jse.co.za

ISSUED BY:
Victoria Williams / Mari Blumenthal
H+K Strategies South Africa
Tel: +27 11 463 2198
Cell: +27 72 452 1772 / +27 82 381 0635
Email: victoria.williams@hkstrategies.co.za / mari.blumenthal@hkstrategies.co.za  

Nicky Newton-King
CEO
JSE Ltd