China's Ministry of Commerce is expected to announce this week it has cleared the $30B takeover...

|By:, SA News Editor

China's Ministry of Commerce is expected to announce this week it has cleared the $30B takeover of Xstrata (XSRAF.PK) by Glencore International (GLCNF.PK). The development means the last major obstacle for the mining concerns will be out of the way. The combined company will boast revenue of almost $250B this year, according to analysts.