Xstrata Under Pressure to Tweak Golden Handcuffs Deal -Report

LONDON--Directors at mining giant Xstrata PLC (XTA.LN) are under increasing pressure to tweak the terms of a 29 million pound golden handcuffs deal or see a merger with miner Glencore International PLC (GLEN.LN) called into question by shareholder anger, The Sunday Times reports.

Shareholders are angry about a retention bonus for the company's Mining Chief Executive Mick Davis, who will hold the same post should the merger with Glencore proceed, says the report.

The companies weren't available for immediate comment.

Newspaper website: www.thesundaytimes.co.uk

-Write to Neena Rai at neena.rai@dowjones.com