Tag: Glencore

Glencore
BusinessHot News

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
BusinessHot News

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
BusinessGlobal News

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
BusinessHot News

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
Glencore
BusinessHot News

Glencore eyes Australia listing to tap $3.1 trillion pension investment pool

Glencore plans an Australia listing as soon as October to tap the country’s $3.1 trillion pension investment pool.

Omokolade Ajayi Omokolade Ajayi
Ivan Glasenberg Glencore
BillionairesHot News

South African billionaire Ivan Glasenberg’s fortune climbs to $13.6 billion as stake in Glencore hits $9 billion

Ivan Glasenberg’s fortune climbs to $13.6 billion as his 10.4% stake in Glencore hits appoximately $9 billion amid a surge in global metals markets.

Feyisayo Ajayi Feyisayo Ajayi
Glencore
BusinessGlobal NewsHot News

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.
Hot NewsExclusiveExecutives

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