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PrintManagement of diversified commodities giant Glencore Xstrata will meet next Tuesday in London to explain the benefits of the $46 billion Xstrata purchase to investors.
Since Glencore's $7.7 billion impairment charge last month, investors have turned up the pressure on the company to lay out a clear strategy, one that returns more capital rather than dumping money into new projects.
CEO Ivan Glasenburg, who has chastised his industry counterparts for too aggressively expanding production, helping to push commodities prices lower, will be expected to present significant cost-saving plans.
Some of the likely slashing targets are the Wandoan coal project in Australia and Las Bambas copper project in Peru.
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