Glencore slapped with $150m compensation claim
GLENCORE has been found by the Attorney General of Switzerland (OAG) to be criminally liable for failing to prevent the bribery of an official in the Congo by a business partner.…
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 to buy control of copper/gold MARA project for $475m in cash
GLENCORE is to buy 100% of the MARA Project, a copper and gold brownfields prospect in Argentina. South Africa’s Gold Fields bid for the project last year. The Swiss miner and…
Glencore tipped to attract investors as cash from copper replaces thermal coal
GLENCORE’S coal production and copper expansion potential has marked it out as the best diversified mining firm for investors this year. “The coal cushion is defensive. The…
Glencore to review Russian business interests as fallout from Ukraine invasion intensifies
GLENCORE is to review its business interests in Russia as the fallout from the invasion of Ukraine intensifies across global commodity markets, said Bloomberg News. Glencore owns…
Glencore completes purchase of Cerrejon coal mine for less than expected
GLENCORE said on Tuesday it had completed the purchase of the Cerrejon coal mine in Colombia for a cash total of $101m – much less than originally expected. At the time the Swiss…
Four JSE mining firms that took major bets in preparation for expanding supply deficits in 2022
AMONG the mining companies that lined up to bid for Atlantic Nickel, a company that owns the Santa Rita mine in Brazil’s Bahia state, were two carmakers. Not normally in the mix…
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 flags strong marketing performance ahead of new CEO on August 5
GLENCORE looks set to keep the good times rolling for mining investors saying in a second quarter and interim production report today that its marketing division was heading for…