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Keyword: falconbridge

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  • King of Zug' reigns over trading (Marc Rich)

    08/16/2005 5:35:24 AM PDT · by shrinkermd · 4 replies · 605+ views
    Globe and Mail Online ^ | 15 August 2005 | GORDON PITTS
    "...Yet this pastoral playground is the home base of Marc Rich, the former fugitive billionaire commodities trader, who was pardoned by Bill Clinton in his last day as U.S. president in early 2002. It is also the headquarters of Xstrata PLC, the mining powerhouse which Monday bought 19.9 per cent of Canadian nickel giant Falconbridge Ltd., putting it in position to launch a potential takeover bid for the company. Xstrata often gets mentioned in the same breath as Mr. Rich. Both are part of the huge trading community drawn to Zug by extremely low taxes, privacy and comfortable surroundings. (Canadian...