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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 acquiring a stake in Britishvolt will allow the UK battery maker to secure long-term supplies of key material cobalt, says Bloomberg.
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 dissects Anglo American and BHP Billiton’s sale of its Colombian thermal coal assets to Ivan Glasenberg’s Glencore for R8.3bn.
A former Glencore trader has pleaded guilty to oil price manipulation, which he says lead to substantial gains for the oil giant.
Norway’s sovereign wealth fund says it divested from twenty companies for unethical practices, to limit exposure to unacceptable risk.
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 reinstated its dividend on the back of record trading profits as the world’s biggest commodity trader reports its results.
Pick n Pay has defended its incoming CEO Pieter Boone after it emerged that he was investigated in connection with insider trading.
Glencore has agreed to sell its stake in Mopani Copper Mines to the Zambian government for $1.5bn (R22.4bn), but will get just $1 (R15) upfront.