Chief gets $182m after Xstrata deal

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Glencore Xstrata billionaire chief executive Ivan Glasenberg reaped a $182 million (R2 billion) dividend for last year, after steering the commodity trader and metals producer through a 15-month takeover of Xstrata.

That compares with a payout of $173m that Glasenberg received for 2012.

The 57-year-old accountant turned coal trader is the biggest shareholder with 8.3 percent and has a net worth of about $6.3bn, the Bloomberg billionaires index shows.

Qatar Holding is the second-largest investor with an 8.1 percent stake.

The fourth-biggest mining firm, about 25 percent owned by management, said yesterday that it would pay a full-year dividend of 16.5c a share.

Last year’s $29bn purchase of Xstrata added coal, nickel, zinc and copper mines to Glencore’s trading empire. – Bloomberg


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