Search Results for: Glencore

By Jewish Business News On Monday, December 17th, 2018

Canada fines Glencore-controlled miner over business with Dan Gertler in Congo, WSJ

Katanga Mining division, a subsidiary of mining giant Glencore and some of its past and present managers, have agreed to pay $22 million fine to Canada’s biggest stock market regulator, according to the Wall More...

By Shai Genish On Tuesday, February 14th, 2017

Glencore Buys Out Israeli Billionaire Dan Gertler With $1 Billion Congo Mining Deal

L-R Ivan-Glasenberg, Dan Gertler   Glencore Plc, lead by Ivan Glasenberg, agreed to pay the Israeli billionaire Dan Gertler $960 million for his remaining stakes in Congolese cobalt and copper mines. 31% More...

By Ilan Shavit On Monday, October 12th, 2015

Glencore Starts Selling Assets in Chile and Australia

The trading-cum-mining group Glencore today announces the commencement of a process to sell its wholly-owned Cobar copper mine in Australia and Lomas Bayas copper mine in Chile,  adding to a $10 billion debt-cutting More...

By News Brief On Friday, October 9th, 2015

UPDATE: Mining giant Glencore to cut zinc production

  Mining giant Glencore says it intends to cut half a million tonnes of zinc production in its latest move to cope with the slump in commodities prices. The amount represents around four percent of global More...

By sima On Monday, October 5th, 2015

UPDATE: Glencore urges rivals to shut lossmaking mines

  Glencore chief executive Ivan Glasenberg stepped up his defence of the under-fire miner and trading house on Monday, calling on rivals to shut unprofitable mines and blaming hedge funds for pushing down More...

By News Brief On Sunday, October 4th, 2015

Glencore ‘will listen to takeover’ offers

Glencore would listen to offers for a takeover of the entire company but its management does not believe there are any buyers willing to pay a fair value for the business in the current market, The Telegraph More...

By News Brief On Saturday, October 3rd, 2015

Central banks and credit bubbles are to blame for the death of the Glencore dream

  Will Glencore survive in its current form? And for how much longer can its combative boss, Ivan Glasenberg, cling to the reins of power? Unless it be VW, Glencore is the corporate story of the moment, More...

By News Brief On Wednesday, September 30th, 2015

UPDATE: Glencore Gains for Second Day in London as Metal Prices Rally

  Glencore Plc, has recouped most of the losses from Monday’s 29 percent plunge as the shares rebounded for a second day on higher metal prices and speculation the stock is cheap. The company, run More...

By News Brief On Tuesday, September 29th, 2015

UPDATE: Glencore’s CEO Ivan Glasenberg lost $500 million of personal wealth in a single day of market chaos

  The implosion of the mining giant Glencore’s stocks on Monday gave CEO Ivan Glasenberg’s wealth a serious kicking, after shares tumbled 29.42%. The Bloomberg Billionaires Index says Glasenberg More...

By News Brief On Wednesday, September 23rd, 2015

Glencore’s Stock Doesn’t Reflect Reality as Bernstein Says Buy

  Glencore Plc shares have fallen so low that valuations are divorced from underlying commodity markets, according to Sanford C. Bernstein & Co. Paul Gait, an analyst for Bernstein in London, recommended More...

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