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Xstrata woos Anglo American

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Xstrata woos Anglo American

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Shares in Anglo American have jumped after rival Xstrata asked for talks about a tie up.

Xstrata said it would be a merger of equals to make them both more competitive as more mining companies consolidate. Xstrata’s shares fell. Bringing the two firms together would create a group worth 50 billion euros. Analysts said the move could lead to other potential suitors emerging.