Tag archive for ‘Glencore’
Sima Ella On Thursday, July 23rd, 2020

Israeli mining tycoon Dan Gertler on the U.S. blacklist will benefit from Tesla’s Cobalt deal

Tesla last month signed an agreement to purchase 6,000 tons of cobalt from Glencore led by CEO Ivan Glasenberg. Cobalt is a chemical element recognized as an important enabling metal where energy storage, high-temperature More...

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...

Clive Minchom On Thursday, November 17th, 2016

Congo state miner gave royalties to Israeli billionaire Dan Gertler

The Democratic Republic of Congo state mining company Gecamines has sold its 2.5% royalty stream in a copper mine owned by Swiss company Glencore to Africa Holdings, which is linked to Israeli billionaire Dan More...

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...

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...

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 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...

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 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 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...

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