Chief Executive Officer and Xstrata

Xstrata: Mick Davis, the former chief executive officer of Xstrata, and his team of Xstrata refugees on Monday announced that they had raised $2.5-billion U.S. for X2 Resources from five investors, each of which has contributed $500-million. The same five have have agreed to contribute another $1.25-billion in conditional equity funding, raising the potential total to $3.75-billion. More Related to this Story, according to Globe and Mail. Glencores hybrid model proving naysayers wrong One of the most aggressive deal makers in the mining industry has tapped the private equity markets to bankroll the launch of a new company in a bet that the resources industry is set to be revived. How Goldcorps Osisko bid measures up to decades biggest mining deals (www.immigrantscanada.com). As reported in the news.