Glencore pleads guilty to worldwide corruption, pays $1.2bn penalty
Mining giant Glencore recently pleaded guilty to worldwide corruption, market manipulation, and bribery with the multinational slapped with a $1.2bn penalty.
Ivan Glasenberg
Glencore rewards shareholders as first half earnings hit record level
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
Peter Major dissects Anglo American and BHP Billiton’s sale of its Colombian thermal coal assets to Ivan Glasenberg’s Glencore for R8.3bn.
Flash Briefing: Taxpayers cough up another R5bn for SAA staff; Bitcoin reaches $50,000; Glencore; Spar; Resilient
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: Glasenberg’s turbulent tenure comes to an end amid fresh controversy
Glencore announced that CEO Ivan Glasenberg will step down next year and resign from the board, to be succeeded by Gary Nagel
Glencore buys back another $2bn in stock with more to come
Glencore announced a new $2bn share buyback program and said it will look to increase the program later in the year if commodity prices remain robust.
🔒 South African eyed for top Glencore job as Billionaire Boys exit
The London-headquartered Financial Times points to South African Mark Nagle, new head of power coal, as a likely contender for the top Glencore job.
🔒 Glencore bosses are prime suspects in Brazil Car Wash probe – The Wall Street Journal
Glencore, the global commmodity giant run by South Africa-born Ivan Glasenberg, is under investigation in Brazil’s massive corruption scandal.
World addicted to dirty coal and Ivan Glasenberg knows it
Higher US bond yields have made the payouts offered by most stocks look pretty underwhelming lately. Not so Glencore Plc, whose implied yield is startlingly high even though it’s throwing off cash like it’s going out of fashion.
Ivan Glasenberg is on the hunt for a mini-me to run Glencore
Ivan Glasenberg said there will be a generational shift at the top of Glencore over the next few years, suggesting a period of upheaval for the world’s largest commodity trader.