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The country experienced more than a dozen sandstorms last year, an unprecedented number that was attributed to desertification
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Qatar boosts Xstrata stake to over 10%
DOHA - Qatar’s sovereign wealth fund lifted its stake in miner Xstrata, which is merging with commodities trader Glencore, to over 10 per cent, forging ahead with its recent spate of share-buying in European blue-chip companies.
Qatar Holding now owns more than 301 million shares in the diversified mining group including options, giving the country a 10.047 per cent holding in the company, according to a regulatory filing. Qatar has been steadily building its stake in Xstrata recently. On Thursday it raised its holding to 9.43 per cent.
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