Search Results for: Ivan Glasenberg

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 On Monday, September 21st, 2015

In 2014, Glencore’s Ivan Glasenberg was SA’s richest man. But a year is a long time

    Don’t tell Prof Thomas Piketty, but it’s apparently quite tough being a billionaire nowadays. The top 200 billionaires, a list headed by Microsoft founder Bill Gates (net worth $78-billion), More...

By News Brief On Wednesday, September 9th, 2015

Billionaire Chief Ivan Glasenberg Faces $210 Million Bill as Glencore Seeks Cash

Bill for executives’ purchase of shares may total $514 million On flipside, officials have reaped $1.8 billion in dividends Glencore Plc’s billionaire CEO Ivan Glasenberg is on the hook for as much More...

Ivan Glasenberg
By News Brief On Monday, September 7th, 2015

Glencore chief Ivan Glasenberg plans to raise $2.5 billion; Investors push into restructure on debt fears

  Mounting pressure from investors has forced debt-laden commodities giant Glencore into a $US2.5 billion ($3.6 billion) equity raising to protect its investment grade credit rating, which is needed to underpin More...

By News Brief On Saturday, September 5th, 2015

Ivan Glasenberg’s Glencore Set for Worst Week Ever as Mining Shares Extend Losses

  Glencore Plc shares headed for the biggest weekly decline since the company went public in 2011 as the selloff in mining shares showed no signs of slowing. Glencore slid 5.9 percent on Friday, bringing More...

Ivan Glasenberg
By Yoram Yanover On Monday, March 9th, 2015

Ivan Glasenberg Cuts Debt and Jobs Drastically at Glencore

Mining giant Glencore’s chief Ivan Glasenberg has announced the company is cutting its national production by 15 million tons, Australian ABC reported. Glasenberg said the company’s balance sheet More...

By Eli Horn On Monday, January 12th, 2015

Glencore’s Ivan Glasenberg Maneuvering to Create Mining Goliath

A multibillion-dollar merger between commodities conglomerate Glencore and mining giant Rio Tinto may take place this year as Glencore’s CEO is pushing for the deal, a report said. A Glencore-Rio tie-up More...

By Tibi Singer On Friday, October 17th, 2014

Ivan Glasenberg Appetite for Rio Tinto Still as Voracious as the First Time They Said No

  See also: Rio Tinto Fleeing Ivan Glasenberg’s Advances, May Find Sanctuary in Freeport Ivan Glasenberg, CEO of Glencore Plc (GLEN), is planning to make yet another offer for Rio Tinto Group, the More...

By Vered Weiss On Monday, October 13th, 2014

Rio Tinto Fleeing Ivan Glasenberg’s Advances, May Find Sanctuary in Freeport

Rio Tinto, desperate to avoid being taken over by Glencore, may buy Freeport McMoRan in a deal that is a “classic defensive move, ” according to Bernstein analyst Paul Gait, as reported by Seeking More...

By Vered Weiss On Tuesday, September 16th, 2014
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What Will Glencore CEO Ivan Glasenberg Buy Next?

Glencore CEO Ivan Glasenberg executed the highly successful acquisition of Xstrata, and many wonder what he is going to buy next. While competitors are having to trim the fat, Glencore is flush with cash and More...

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