Former Xstrata Chief Davis Adds $1 Billion to His Mining Startup

Mick Davis, former Xstrata Plc chief executive officer, got an additional $1 billion from investors for his X2 Resources mining startup, bringing the total he has raised for the business to $4.8 billion.

X2 now has $3.3 billion of committed equity capital and a further $1.5 billion conditional, it said today in a statement.

Read more at: http://www.bloomberg.com/news/2014-10-15/former-xstrata-chief-davis-adds-1-billion-to-his-mining-startup.html

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