Xstrata's Focus Turns from M&A to Organic Growth

Xstrata as we know it today is a product of management ambition, foresight, and good fortune

Daniel Rohr, CFA 28 October, 2011 | 12:15PM
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Xstrata (XTA) as we know it today is a product of management ambition, foresight, and good fortune. After taking the helm of what was a modest-size zinc and ferroalloy firm in 2001, the executive team embarked on an aggressive acquisition strategy, cobbling together far-flung operations across the commodity spectrum to create one of the world's largest, most diversified miners. Management's mission now shifts from mergers and acquisitions to the nuts and bolts of internal growth. Whereas Xstrata's fortunes had previously been determined by the value created or destroyed in deals, its fate will now be dicta

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Daniel Rohr, CFA  is a senior equity analyst at Morningstar.