Xstrata jumps on talk that Vale/Glencore deal done

LONDON, March 13 (Reuters) - Shares in miner Xstrata (XTA.L: Quote, Profile, Research) rose 2 percent to feature among top British-listed gainers late on Thursday on market talk that Brazil's Vale (VALE5.SA: Quote, Profile, Research) had clinched a deal to buy Glencore's stake in Xstrata at 42 pounds a share, traders said.

At 1626 GMT, Xstrata stock was up 1.8 percent at 39.25 pounds, contrasting with a 1.2 percent fall in the FTSE 100 .FTSE benchmark.

(Reporting by Sitaraman Shankar and Dominic Lau)