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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

Mignon Houston, deputy spokeswoman for the US State Department, on Thursday in Washington. Photo: Handout

US-China trade war

Exclusive | US defends new minerals alliance, rejecting claims it targets China

Washington says the Forge initiative is about securing supply chains against shocks and price coercion, not building an exclusive bloc.

6 Feb 2026 - 7:50AMvideocam

China’s Chuangxin rides Hong Kong IPO wave with US$707 million fundraising

14 Nov 2025 - 3:07PM

Hong Kong economy

Opinion | Can Hong Kong be the Switzerland of the East for commodities?

4 Nov 2025 - 10:46AM

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.

8 May 2024 - 3:28PM

Boats sail past the Shell refinery on Pulau Bukom, or Bukom island, off Singapore. The facility opened in 1961. Photo: AFP

Electric & new energy vehicles

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

The company’s output of the key metal in EV batteries exceeded its own guidance by more than 20 per cent as it surpassed Glencore as the world’s top producer.

5 Jan 2024 - 1:24PM

China-Australia relations

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

Sources say a Beijing visit by Australian PM Anthony Albanese is already being prepared, but they do not expect a formal invite until after Beijing’s leadership reshuffle is finalised next month.

14 Feb 2023 - 11:16AM

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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.

22 Nov 2022 - 10:07AM

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.

16 Sep 2022 - 11:36PMvideocam

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.

20 Jun 2019 - 2:54AM

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

28 Jan 2018 - 8:40AM

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

Glencore to issue 1.3b new shares to pay debt

16 Sep 2015 - 12:21PM

Glencore's net debt amounted to US$29.6 billion as of the end of June. Photo: Reuters

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.

8 Feb 2014 - 5:12AM

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.

19 Sep 2013 - 4:14AM

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.

12 Sep 2013 - 3:33AM

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

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

11 Sep 2013 - 9:50AM

The world’s biggest commodities trading company plans to issue an update on the integration of Glencore and Xstrata later on Tuesday. Photo: Reuters

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.

14 Aug 2013 - 3:37AM

Glencore, JPMorgan sued over warehouse aluminium prices

8 Aug 2013 - 12:33PM

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NY regulator asks foreign reinsurers about Iran links

2 Jul 2013 - 12:40PM

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

13 Jun 2013 - 2:01PM

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

24 May 2013 - 11:24AM

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.

23 May 2013 - 4:41AM

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

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.

17 May 2013 - 3:33PM

John Bond. Photo: Bloomberg

Talking Points

2 May 2013 - 1:23AM

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

6 Mar 2013 - 5:41AM

Talking points

8 Nov 2012 - 2:08AM

Marilyn Monroe

Glencore's offer gets Xstrata board nod

2 Oct 2012 - 4:03AM

Glencore's offer gets Xstrata board nod

Glencore puts its cards on the table

21 Aug 2017 - 9:12AM

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

1 Sep 2012 - 3:05AM

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