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Search Results for: Glencore

Glencore

Glencore pleads guilty to worldwide corruption, pays $1.2bn penalty

17th June 202214th June 2022

Mining giant Glencore recently pleaded guilty to worldwide corruption, market manipulation, and bribery with the multinational slapped with a $1.2bn penalty.

Glencore

Financial Times perspective: Glencore – crime probe provision marks break with colourful history

17th February 2022

For a time, Glencore chose to turn its back on its colourful history. Now newish boss Gary Nagle is attempting to recognise and atone for that past.

Glencore

Glencore divests from Aussie gold mine to focus on transition to green metals

9th January 20227th January 2022

Mining giant Glencore have sold off an Australian gold and copper mine for R11bn in order to focus on the transition to green metals.

Glencore

Lessons for SA: Mining multinational Glencore acquires stake in battery maker Britishvolt

18th August 2021

Glencore acquiring a stake in Britishvolt will allow the UK battery maker to secure long-term supplies of key material cobalt, says Bloomberg.

Glencore

Glencore rewards shareholders as first half earnings hit record level

5th August 2021

Glencore will pay out $1.18bn through dividends and share repurchases after surging metal prices helped drive first-half earnings to a record.

Peter Major’s thumbs up as Glencore buys Colombian coal mine from Anglo, BHP

28th June 2021

Peter Major dissects Anglo American and BHP Billiton’s sale of its Colombian thermal coal assets to Ivan Glasenberg’s Glencore for R8.3bn.

Glencore

Former Glencore trader pleads guilty to oil price manipulation

25th March 202125th March 2021

A former Glencore trader has pleaded guilty to oil price manipulation, which he says lead to substantial gains for the oil giant.

sovereign wealth

Norway’s $1.3trn wealth fund blacklisted companies for ethical misconduct – including Sasol, Glencore

25th February 202125th February 2021

Norway’s sovereign wealth fund says it divested from twenty companies for unethical practices, to limit exposure to unacceptable risk.

SAA

Flash Briefing: Taxpayers cough up another R5bn for SAA staff; Bitcoin reaches $50,000; Glencore; Spar; Resilient

16th February 202116th February 2021

Taxpayers have forked out another R5bn so that SAA can pay severance packages to staff laid off as part of its rescue plan, reports Reuters.

Glencore, Switzerland

Diversified miner Glencore reports record trading profits

16th February 202116th February 2021

Glencore reinstated its dividend on the back of record trading profits as the world’s biggest commodity trader reports its results.

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