Joburg’s finest business export rebuffed in first run at Rio Tinto
Former Johannesburger Ivan Glasenberg is hunting Rio Tinto. Having swallowed Xstrata, Glencore is now hunting the bigger, just as poorly managed target.
Ivan Glasenberg
Brilliant analysis: Iron ore supercycle over – implications for mining stocks
When the Financial Times of London gets its teeth into a subject, you can be sure the result will be of the highest quality. In this brilliant analysis, two of the newspaper’s mining writers take a close look at what they see as the ending of the iron ore supercycle. The implication for most diversified … Read more
David Shapiro: BHP lining up SA assets for Glencore takeover?
One of the many things I love about David Shapiro is that he has opinions that he’s never afraid to share. There’s rarely a boring conversation when he’s involved, and today’s Power Lunch interview was no exception. Â Yesterday David attended the BHP Billiton presentation on “SpinCo” – where 10% of its so-called non-core assets, including … Read more
Glencore, Anglo American, FirstRand, Growthpoint: insights from Piet Viljoen
Piet Viljoen has much in common with Sage of Omaha Warren Buffett – which is hardly surprising considering Piet has made a study of Buffett’s investment strategy. He has also made the pilgrimage to the Berkshire Hathaway annual shareholders’ meeting. Like Buffett, Piet has a rare ability to cut through jargon and complexity to explain … Read more
Jacob Zuma gets into fracking act – enthuses about “game changing” Karoo shale gas deposit
South Africa’s Government today reaffirmed its determination to exploit shale gas reserves in the Karoo Basin. From our conversations, Trade & Industry Minister Rob Davies is well aware of the potential. It’s now clear he’s done a grand job of getting the Cabinet excited – judging by the speech which SA President Jacob Zuma delivered … Read more
Day One for JSE’s new #3 – CEO of R715bn Glencore returns to hometown in triumph
Glencore Xstrata is only starting to get used to life as a listed company. CEO Ivan Glasenberg, a South African by birth and upbringing, has not yet granted a broadcast interview. Not on television or radio. Colleagues tell me it will happen. Maybe. But not just yet. So with the central character in today’s R713bn … Read more
SA institutions climbing into mining stocks while foreigners dump. Who’s right?
News that R700bn Glencore is working on a secondary listing on the JSE has brought focus onto the issue of pent-up demand for global stocks among South African institutional investors. Because they’re limited by legislation to how much they may invest abroad, there’s billions of investible rand available for stocks like Glencore once they list … Read more
Glencore’s Master Class in PR as it prepares to list on JSE
There’s plenty excitement in my hometown about the triumphal return by its business community’s most famous son, Ivan Glasenberg. The billionaire who runs the R700bn Glencore group – and regularly raids Johannesburg’s top schools for fresh talent – last week told the world his group intends applying for a secondary listing on the JSE. Put … Read more