Mick Davis eyes raid on his old firm Xstrata as he secures £2.25bn funding for new company X2
Former Xstrata boss Mick Davis could raid his old firm for assets after raising up to £2.25billion to build a new mining company.
Davis struck out on his own to create private miner X2 after he gave way to Glencore boss Ivan Glasenberg during the merger with Xstrata.
X2 has secured £1.5billion of funding from investors and could raise £750million more, as the company looks to build a major miner
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