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Cost cuts help Xstrata beat profit expectations

August 7, 2012 Comments Off on Cost cuts help Xstrata beat profit expectations

August 7, 2012, 2:30 pm

By Clara Ferreira-Marques
LONDON (Reuters) – Miner Xstrata posted a smaller-than-expected drop in first-half profit as it cut costs to cushion the impact of weaker markets, overcoming what it said was a risk of distraction from trader Glencore’s $26 billion takeover b…

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