Mick Davis and X2 rumours as yet unconfirmed

Some confusion has arisen over the movements of X2 RFesources, which was founded by former Xstrata chief Mick Davis.

The Sunday Times reported Davis had tabled a “multibillion
pound off for a big chunk of Anglo American’s empire”, however Mining.com
this was not the case.

Sources told City A.M. that Davis had not made such offers,
that talks of a bid were premature, although they did not deny that he was
interested in such assets.

Davis sold Xstrata to Glencore in 2013 for $27 billion, and
by September started the new company X2 Resources.

Rumours about Davis’ intentions for further acquisition have
been running for some time, although none have had their predictions confirmed.

Earlier this year it was thought Davis wanted to buy South
African BHP coal assets, and recently there has been conjecture about his interest in Ivanhoe Mines.

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