Original article by Amanda Saunders
The Australian Financial Review – Page: 19 : 30-Jun-15

X2 Resources is estimated to have access to about $US13bn worth of equity and debt to finance acquisitions in the resources sector. BHP Billiton spin-off South32 is regarded as a potential target for X2, which is headed by former Xstrata CEO Mick Davis. South32 shares have shed around 20 per cent since the demerger, and it could well become a takeover target if the downturn is sustained. Glencore is also seen as a possible bidder for South32.

CORPORATES
X2 RESOURCES PARTNERS LP, SOUTH32 LIMITED – ASX S32, GLENCORE PLC, NOBLE GROUP LIMITED, TPG CAPITAL LP, BARRICK GOLD CORPORATION, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, ANGLO AMERICAN PLC, CITIGROUP INCORPORATED, LIBERUM CAPITAL LIMITED, XSTRATA AG