Glencore

Glencore to invest in Chinese aluminium smelter’s IPO

Deliberations are ongoing, and details of the deal, including the investments, may change

Globally, copper smelters face challenges from a shortage of concentrate and overcapacity in China.

Australia launches A$600 million rescue of Glencore copper smelter

The country’s metals processing sector has also been under pressure from high energy and labour costs

Rio Tinto expects to spend more than US$13 billion on iron ore mines to replace depleted ones in Western Australia in the next three years alone.

Mining giants squeeze dividends with an eye toward funding growth

Prices of key commodities iron ore and coal have dropped around 13% since the start of the year

Last year, Shell announced the sale of its Bukom (pict0red) and Jurong islands facility, which dates back to 1961.

Shell completes Singapore refinery sale to Chandra Asri-Glencore joint venture

[SINGAPORE] Shell has completed the sale of its Singapore refinery and refining assets to a Chandra Asri-Glencore joint venture, the company said on Tuesday (Apr 1), and trade sources said the new own...

Glencore is returning US$2.2 billion to shareholders, including a top-up buyback of US$1 billion.

Glencore reports profit slide as key earner coal slumps

It reported core earnings of US$14.4 billion, 16% lower than the previous year

A merger between the firms has the potential to be the largest ever in the mining industry.

Rio Tinto and Glencore discussed merger but talks no longer active: source

Rio and Glencore have discussed combining their operations in the past

Shell agreed in May to sell its Singapore assets on Pulau Bukom (above) and Jurong Island to a joint venture between commodity trader Glencore and Indonesia’s Chandra Asri Pacific.

Glencore-Chandra Singapore refinery to earmark 20% of output for Shell, sources say

The joint venture, called CAPGC is on track to close its acquisition in Q1 of 2025

Alex Beard, who was one of Glencore’s top executives for more than a decade before his departure in 2019, is the highest profile individual to be charged in a sweeping series of investigations into corruption and market manipulation at the company.

Glencore’s billionaire ex-oil head charged with corruption

ALEX Beard, the billionaire former head of oil at Glencore, was charged with corruption by the UK’s top fraud agency, alongside four other ex-employees from the commodities trader.

Glencore had long resisted pressure to follow rivals in jettisoning coal, arguing that the world still needed the dirtiest fuel and that it was more responsible to run the mines itself than sell them.

Glencore to announce future of coal mining business next week

The coal business is one of Glencore’s most profitable units, driving record returns in recent years

To secure the approval, Glencore has agreed to maintain the Canadian headquarters for Elk Valley Resources for at least 10 years.

Canada approves Glencore takeover of Teck coal unit, with conditions

THE Canadian government has approved Glencore’s US$6.93 billion acquisition of miner Teck Resources’ steelmaking coal unit with strict conditions to preserve jobs, the country’s industry minister said...