Glencore
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Glencore

Glencore
Glencore
Glencore International is the world's largest commodities trading company. It was formed in 1974 by a management buyout of Marc Rich & Co. In May 2013, it completed the US$29 billion acquisition of Xstrata to create the world's fourth-biggest mining company, with a market value of about US$68 billion.
Chairman / President
Gary Nagle
CEO / Managing Director
Gary Nagle
CFO / Finance Director
Steven Kalmin
Industry
Metal and Minerals Energy
Website
glencore.com
Headquarters address
Baarermattstrasse 3, Baar, Zug, 6340, Switzerland
Stock Code
LSE:GLEN
JSE:GLN
Year founded
1974
Boats sail past the Shell refinery on Pulau Bukom, or Bukom island, off Singapore. The facility opened in 1961. Photo: AFP
Singapore

Oil giant Shell sells off Singapore refinery it built over 60 years ago

The sale of Shell’s assets in Singapore include the refinery on Bukom island, which opened in 1961, and a plant that produces mono-ethylene glycol on Jurong island.

Electric & new energy vehicles

Hong Kong-listed Chinese miner CMOC leads world in cobalt output in 2023

China-Australia relations

Exclusive | Light seen at end of China-Australia trade tunnel after 3 dark years

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Australia

Australia coal exporters to China accused of bribery, lying about quality

The alleged misconduct also included exports to Japan, South Korea and India, according to a lawmaker citing thousands of documents from a whistle-blower.

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A machine removes soil and sand from coal in Newcastle, Australia, the world’s largest coal exporting port. Photo: AFP
US-China relations

As US and China vie for Pacific clout, tiny New Caledonia can play outsize role

Far-flung French territory holds 7.1 million tonnes of high-grade nickel vital for making lithium-ion batteries to power electric vehicles.

videocam
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China-Africa relations

Congo troops to guard Chinese-owned copper mine amid human rights fears

Military says soldiers are to ward off illegal miners but watchdog group says move is dangerous and could be counterproductive.

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Commodities

HNA dumps vanity buys for Silk Road commodity deals to please Beijing

CWT Commodities Pte. Ltd in Singapore. Photo: SCMP/Handout

Glencore to issue 1.3b new shares to pay debt

China Minmetals near US$5b deal to acquire Glencore copper mine in Peru

A group led by China Minmetals is nearing an agreement to purchase Glencore Xstrata's Las Bambas copper project in Peru for more than US$5 billion, according to people with knowledge of the matter.

Miners bid to develop Australian bauxite project

Glencore Xstrata and China's Australian Indigenous Resources have submitted proposals to Australia's Queensland government to develop the Aurukun bauxite project in the northeastern state.

Miners bid to develop Australian bauxite project

Glencore sees China bids for US$5b Peru copper mine

Glencore Xstrata, the global commodity trader and metals producer run by Ivan Glasenberg, expects as many as four Chinese bidders for a Peruvian copper mine that may be valued at more than US$5 billion.

Glencore expects up to four Chinese bidders for its mine. Photo: Reuters

Update | Glencore squeezes US$2 billion out of Xstrata deal

Glencore cuts budget at Tampakan copper-gold mine in the Philippines

Glencore Xstrata will cut up to 920 jobs and take the axe to spending at its US$5.9 billion Tampakan copper-gold project in the Philippines, one of several future mines under review since the company was formed in a record-breaking takeover.

JPMorgan Chase

Glencore, JPMorgan sued over warehouse aluminium prices

End-users complain that aluminium prices are artificially inflated. Photo: SCMP
Xstrata

NY regulator asks foreign reinsurers about Iran links

The Iran Freedom and Counter-Proliferation Act of last year (IFCPA), signed into law by President Barack Obama bans financial services firmsfrom providing services to companies that do business with Iran. Photo: AFP

Rio, Glencore in talks over Australian coal assets -sources

BHP Billiton

Australia coal firms dig in for years of mine closures, job cuts

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Xstrata

Glencore's aluminium chief in shock exit

Glencore Xstrata's head of aluminium, Gary Fegel, is set to leave the company, sources said, the first high-profile departure since commodity trading giant Glencore closed its purchase of miner Xstrata this month.

Glencore Xstrata's head of aluminium, Gary Fegel, is set to leave the company. Photo: Reuters
Xstrata

Glencore shareholders dump chairman Bond

John Bond, the chairman of Glencore Xstrata, the world's largest exporter of power-station coal, was deposed by his shareholders yesterday, with the former chief executive of BP, Tony Hayward, appointed as interim chairman in his place.

Xstrata

Talking Points

Sluggish demand for raw materials drags down Glencore profit by 25pc

Glencore's net income attributable to shareholders fell 75 per cent to US$1 billion. Photo: Reuters
Star Wars

Talking points

Marilyn Monroe
Xstrata

Glencore's offer gets Xstrata board nod

Xstrata

Glencore puts its cards on the table

Xstrata

Glencore has a week to decide on sweeter offer for miner Xstrata

Glencore's Swiss headquarters.

Chinese mines 'unfairly' criticised over safety

Mitt Romney

Talking points

Bank of China (BOC)

Glencore takes inflation in stride

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