Tag: Glencore

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 NewsBusinessExclusive

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