Tag: Glencore

Glencore
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Glencore plans 30,000-ton lead withdrawal from LME warehouses as inventories hit record highs

Glencore plans to withdraw 30,000 tons of lead from LME warehouses as inventories surge and trading dynamics shift globally.

Feyisayo Ajayi Feyisayo Ajayi
Glencore
BusinessHot News

Dutch court blocks Glencore’s bid to buy back logistics unit at discount      

Glencore Access World buyback deal blocked by Dutch court over valuation concerns and private sale process dispute.

Timilehin Adejumobi Timilehin Adejumobi
Glencore Merafe to restart South African smelters after Eskom power deal
BusinessHot News

Glencore Merafe to restart South African smelters after Eskom power deal

Glencore Merafe will restart two South African ferrochrome smelters after securing a new Eskom power pricing agreement.

Oluwatosin Alao Oluwatosin Alao
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
Hot NewsBusiness

South African executive Gary Nagle’s Glencore stake nears $30 million on London gains

Glencore CEO Gary Nagle sees his equity holding approach $30 million following London stock gains.

Omokolade Ajayi Omokolade Ajayi
Glencore South Africa job cuts
BusinessHot News

Glencore halts 1,500 job cuts after South Africa approves discounted power for smelters

Glencore halts 1,500 job cuts after South Africa approves discounted electricity tariffs to support struggling ferrochrome smelters.

Feyisayo Ajayi Feyisayo Ajayi
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
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Glencore holds South African executive Gary Nagle’s 2026 base pay at $2 million

Glencore keeps Gary Nagle’s base salary at $2 million in 2026, maintaining a long-term pay policy tied to performance and ESG targets.

Omokolade Ajayi Omokolade Ajayi
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
Hot NewsBillionairesBusiness

South African executive Gary Nagle takes $7.4 million pay from Glencore in 2025

Gary Nagle received $7.47 million pay from Glencore in 2025 as profits rose and copper expansion boosted earnings.

Omokolade Ajayi Omokolade Ajayi
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
Hot NewsBusinessExclusive

Gary Nagle: South African executive leading $90 billion London-listed giant, Glencore

Glencore CEO Gary Nagle leads a $90 billion commodity giant reporting stronger earnings and expanding copper projects worldwide.

Omokolade Ajayi Omokolade Ajayi
Trafigura
BusinessHot News

Trafigura targets stake in South Africa’s Natref refinery

Trafigura, a leading independent global commodities trader, is among a trio of global commodities traders competing for a 36.36% stake in South Africa’s Natref refinery, underscoring renewed international interest in strategic African energy infrastructure. The Singapore-based commodities giant is facing competition from industry rivals Vitol and Glencore as bidding advances for the minority holding in the 108,500-barrel-per-day refinery. The stake…

Timilehin Adejumobi Timilehin Adejumobi
Fresh investors enter Madagascar’s Ambatovy nickel mine after Sumitomo exit
BusinessTechnology

Fresh investors eye Madagascar nickel mine after Sumitomo exit

Global investors are taking a closer look at Africa’s critical minerals sector as demand for battery metals continues to rise and supply chains remain tight. Nickel, used in electric vehicle batteries and stainless steel, has regained attention among commodity traders and mining investors. That shift in sentiment has placed Madagascar’s Ambatovy nickel project back in focus following a change in…

Oluwatosin Alao Oluwatosin Alao
Glencore, Taiwan refiner book tankers for Middle East oil after ceasefire
BusinessHot News

Glencore, Taiwan refiner book tankers for Middle East oil after ceasefire

Glencore and CPC secure tankers as Middle East oil flows restart after US-Iran ceasefire, easing supply fears and boosting Asia shipments.

Timilehin Adejumobi Timilehin Adejumobi
Glencore's Quebec Horne Smelter plant
BusinessHot News

Glencore, Canada close to deal to rescue copper facility  

Canada and Quebec are close to reaching a deal with Glencore to keep the Horne copper smelter operational.

Timilehin Adejumobi Timilehin Adejumobi