Tag archive for ‘Glencore PLC’
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...

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 More...

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, More...

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,  More...

News Brief On Wednesday, September 16th, 2015

Glencore raises $2.5 billion in new rights issue, despite record low share price

  (Bloomberg) — Glencore Plc, the worst performer on the U.K.’s benchmark stock index this year, is selling as many as 1.3 billion new shares to pay down debt and avert a credit- rating cut. The More...

News Brief On Friday, September 11th, 2015

Glencore Heads for Best Week Since 2012 on Debt Plan, Copper

Shares of Glencore Plc, the worst performer on the U.K.’s benchmark index this year, headed for their biggest weekly gain in more than three years after the miner and commodity trader on Monday announced More...

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 More...

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...

News Brief On Wednesday, August 19th, 2015

Glencore Reports Loss, Warns on Trading Profit

  London based Glencore PLC swung to a steep, first half-year loss, hit by sharp price falls in the raw materials it extracts and lower profit from the trading business that was supposed to cushion More...

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,  More...

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