Tag: Glencore

Glencore CEO Gary Nagle sees $5 billion trading profit as copper production rises

Glencore expects trading profit to top $5 billion this year as surging African copper production and strong commodity prices offset asset sales.

Omokolade Ajayi Omokolade Ajayi

Glencore secures land access for Coroccohuayco project at Antapaccay

Glencore advances its Coroccohuayco project in Peru as land access is secured, supporting plans to extend Antapaccay's mine life.

Timilehin Adejumobi Timilehin Adejumobi

Glencore backs South Africa copper revival with $40 million bet

Glencore is backing Orion Minerals with $40 million to kick-start South Africa’s Prieska copper-zinc mine, targeting first ore by late 2027.

Omokolade Ajayi Omokolade Ajayi

Glencore shares begin trading on Australian Stock Exchange

Glencore shares begin trading on the ASX, giving Australian investors new access to the global mining and commodities group.

Timilehin Adejumobi Timilehin Adejumobi

Glencore expects Australian listing to attract investors seeking copper exposure

Glencore’s Australian listing draws investors as copper demand, coal exposure and trading earnings shape its market debut.

Timilehin Adejumobi Timilehin Adejumobi

Glencore secures approval to extend Hunter Valley coal mine operations to 2045

Glencore wins NSW approval to extend Hunter Valley coal mine operations, with HVO North potentially running until 2045, pending federal approval.

Feyisayo Ajayi Feyisayo Ajayi

Glencore, Yancoal secure approval to extend Autsralia’s Hunter Valley coal mine

Glencore and Yancoal win NSW approval to extend the Hunter Valley coal mine to 2045.

Timilehin Adejumobi Timilehin Adejumobi

Glencore’s $2 billion lawsuit costs South African billionaire Ivan Glasenberg $1.3 billion

South African billionaire Ivan Glasenberg saw his net worth plunge by $1.3 billion as Glencore faces a $2 billion legal battle.

Omokolade Ajayi Omokolade Ajayi

Glencore suspends senior executive Peter Hill over Radiant World review

Glencore suspends Peter Hill as the commodities giant investigates its dealings with Radiant World amid a $2 billion legal dispute.

Timilehin Adejumobi Timilehin Adejumobi

Glencore faces $2 billion lawsuit after cutting ties with iron ore partner

Glencore faces a $2 billion lawsuit in Singapore after accusing iron ore partner Radiant World of falsifying invoices and contracts.

Omokolade Ajayi Omokolade Ajayi

Glencore eyes alumina, energy investments in Guinea after $300 million bauxite deal

Glencore eyes alumina and energy investments in Guinea after signing a more than $300 million bauxite financing and offtake deal.

Oluwatosin Alao Oluwatosin Alao

Glencore takes $480 million provision on Radiant World exposure  

Glencore takes a $480 million provision on Radiant World exposure amid investigations and efforts to exit remaining contracts.

Timilehin Adejumobi Timilehin Adejumobi