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Xstrata shareholders rejected the $220 million retention bonus plan by a resounding 78.4%.

In what shouldn’t come as a surprise for those following the recent events related to the touted and long delayed $66 billion merger between diversified miner Xstrata (LON:XTA) and commodity trader giant Glencore International (LON:GLEN), the Swiss company's shareholders have approved the deal.

BHP Billiton's (NYSE:BHP), the world's largest mining company, has not been successful in its quest to find a suitable successor to Marius Kloppers, as the South African approaches his sixth year as chief.

Thieves risk electrocution for lucrative returns

Assays reveal higher grades of ore

It's too dangerous to go against them.

But Xstrata management may lose out on $220 million in retention bonuses.

Queensland and Western Australia to be major markets for bespoke luxury autos

Eric Sprott should be happy.