Glencore faces $2bn lawsuit as it alleges Radiant World fraud
TRADING firm Radiant World has alleged Glencore deliberately kept the “true nature” of their partnership out of its own audited books, according to the Financial Times citing a…
Despite Trump’s antipathy, mining companies will not abandon ESG
This article was first published in The Mining Yearbook 2025 In the US, the second administration of President Donald Trump has been dismantling diversity, equity and inclusion…
Glencore targets $1bn in earnings from urban mines by 2030
SINCE his appointment as CEO in 2021, Glencore boss Gary Nagle has nailed his colours to a mast of culture improvement and mergers & acquisitions. But a third strategic…
Glencore agrees to pay $180m in penalties to DRC related to corrupt activities
GLENCORE is to pay $180m to the Democratic Republic of Congo (DRC) for corrupt practices in which it engaged between 2007 and 2018 in an agreement today that also extends to…
Profits from coal to power Glencore re-rating following corruption relevations
SHARES in Glencore are tipped for a re-rating following publication of reports by US, UK and Brazilian anti-fraud organisations into corruption perpetrated by the group’s…
Glencore seeks to SA stem political fallout saying President Ramaphosa not involved
GLENCORE sought to quell political fallout in South Africa stemming from findings delivered by anti-fraud organisations last week, saying today the country’s president Cyril…
Glencore to pay $1.06bn in penalties as US, UK, Brazil wrap up corruption investigations
GLENCORE is to pay about $1.06bn in penalties following resolutions agreed with anti-graft organisations in the US, UK and Brazil, the company said on Tuesday. Other…
Glencore sets aside $1.5bn in penalty provision as anti-graft investigations near closure
GLENCORE has set aside $1.5bn in provisions related to penalties it believes may be imposed by anti-graft authorities which are currently running investigations into the group’s…
Glencore hopes shutdown will ease beleaguered state firm Transnet’s rail nightmare
GLENCORE said it hoped a 30-day maintenance programme at Transnet Freight Rail (TFR) would ease the state-owned freight firm’s operational problems which saw the mining and…
New face, old hand: What to watch out for in Gary Nagle’s first year as Glencore CEO
ASKED at a press conference what his successor might look like, Ivan Glasenberg replied: “I hope he looks like me.” It was a quip that anticipated in Gary Nagle, Glencore’s CEO…
Glencore condemns former employee who pleaded guilty to oil contract bribery
GLENCORE condemned the conduct of a former employee who pleaded guilty on Monday of having bribed officials in Nigeria in exchange for favourable contracts from the country’s…