Hints and tips:
...ZCCM-IH, Glencore and IHC declined to comment. Zijin and Norinco did not respond to requests for comment....
...Glencore and other global trading groups stopped supplying Chinese metals merchant Huludao Ruisheng last year after $500mn worth of copper went missing....
...Open Mineral was founded in 2017 by a group of former Glencore executives....
...“The Glencore case probably needs to be put back in context....
...CMOC raised production at its two mines in the DRC by 172 per cent last year, allowing it to overtake Glencore as the world’s largest producer of cobalt, the report added....
...The deal marks an end to Glencore’s agricultural trading arm, which was previously known as Glencore Agriculture. Glencore acquired Viterra for $6.1bn a decade ago....
...Glencore’s first big win of dealmaking summer Glencore’s busy summer of dealmaking isn’t slowing down one bit....
...Thanks to a strong run in coal prices in 2021 and early 2022, companies that pared back their exposure — see BHP’s and Anglo American’s 2021 sale of the Cerrejón mine to Glencore — experienced the regret...
...Russ Mould, investment director at AJ Bell, says: “Leading copper miners listed in the UK include Antofagasta and Central Asia Metals, while Anglo American, Rio Tinto and Glencore are more diversified producers...
...The combination of US-listed Bunge with Glencore-backed competitor Viterra, in an $8.2bn deal, brings together two of the biggest traders of grains, oilseeds and other agricultural commodities, further tightening...
...(Myles McCormick and Amanda Chu) Power Points Exclusive: Almost no Russian oil is sold below $60 price cap Glencore consortium seals $9bn deal for Teck’s coal business IEA says oil market to return to...
...Glencore expects to produce about 110mn tonnes of coal a year during the 2023-2025 period, similar to its level in 2022....
...Viterra’s owners — Glencore, Canada Pension Plan Investment Board (CPPIB) and British Columbia Investment Management — will receive about 65.6mn shares of Bunge stock, valued at approximately $6.2bn and...
...Last month, London-based Bluebell Capital Partners urged commodities group Glencore to spin off its thermal coal business....
...Glencore declined to comment. Access World did not respond to a request for comment....
...At publicly listed Glencore, the earnings before interest and tax in its trading division rose to $6.4bn last year, up 73 per cent from the year before....
...The bid represented the start of a major consolidation wave in the global commodities sector, which has included BHP’s move on smaller rival OZ Minerals and Glencore’s unsolicited bid for Canada’s Teck Resources...
...Glencore is understood to be among the miners that have sold Australian coal to China following the thaw in diplomatic ties....
...During the FT Mining Summit last week, Jason Kluk, head of nickel at Glencore, one of the world’s largest producers and traders of the metal, said: “What’s clear is that the LME has put up their hand and...
Anglo-Australian group reports 29% drop in half-year earnings as commodity prices fall
...And, as COP 27 started, on November 7, it was again among the most traded, with mining company Glencore also ranking high. The picture has shifted again more recently....
...Noble’s near-collapse, from a business worth more than $6bn that had hoped to emulate industry giant Glencore, was precipitated by a series of highly critical reports on its accounting practices published...
...Glencore, the world’s biggest exporter of thermal coal, this month revealed earnings from its coal business had surged almost 900 per cent to $8.9bn in the first six months of the year....
...Glencore said it would not enter any new trading business in respect of Russian commodities....
...Its latest difficulty comes as large trading houses like Glencore are deciding whether to renew their long-term contracts with Russian producers....
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