Mick Davis’ X2 Resources bid for Anglo assets not yet tabled

Caitlin Morrison
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Former Xstrata boss and X2 Resources founder Mick Davis (Source: Getty)
A source close to private mining company X2 Resources yesterday cast doubts on reports that the firm, led by Mick Davis, had tabled a bid for some key Anglo American assets.

Davis, who sold Xstrata to Glencore for $27bn (£17bn) in 2013, set up X2 earlier this year with the aim of building a new mid-tier diversified mining and metals group. In October, the company revealed that it had raised almost $5bn from a number of investors.

Meanwhile, Anglo announced in June that it was looking to sell off a number of assets at a variety of sites.

However, the source said reports of a bid are premature.

Both Anglo American and X2 declined to comment when contacted yesterday.

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