Authored by Dr. Zhan Hao (zhanhao@anjielaw.com), Dr. Song Ying (songying@anjielaw.com)

On 16 April 2013, China’s Ministry of Commerce (“MOFCOM”) posted the No. 20 Notice of 2013 on its website, finally giving green light to the Glencore/Xstrata deal, which is the largest merger in mining history.

The approval of review process has been waited for more than one year. The MOFCOM issued the approval with certain restrictive conditions on the deal in the end, following merger review agencies of other relevant jurisdictions, such as EU, South Africa and Australia.

According to the Notice, Glencore and Xstrata have horizontal overlaps and vertical relations in several relevant markets. In the comprehensive competition analysis, the competition concerns of MOFCOM’s were mainly focused on three relevant markets, including the copper, zinc and lead concentrate markets.Continue Reading Last Hurdle Cleared: Glencore and Xstrata Get Approval from MOFCOM