Hints and tips:
...“Mega-deals are thriving,” said Tyler Dickson, Citi’s head of investment banking, with companies “capitalising on the market conditions to accelerate growth”....
...However, Antofagasta chief executive Iván Arriagada said the outlook for copper prices was more positive in the year ahead....
...Tyler Broda, analyst at RBC Capital Markets, said the higher capital expenditure forecast for Centinela was a further complication for Antofagasta....
...Shares in Glencore rose 0.7 per cent to 425p on Tuesday and are up more than 35 per cent since Nagle replaced Ivan Glasenberg as chief executive in July....
...Glencore, which is led by billionaire Ivan Glasenberg, is the world’s largest producer of cobalt from its two mines in the DRC and its nickel mines in Australia and Canada....
...Ivan Glasenberg is to step down after almost two decades at the helm of Glencore, completing the changing of the guard at the world’s biggest commodity trading groups....
...“Glencore sees this consolidation as the most responsible outcome, as it will not add new partners who might want to extend mine lives,” said Tyler Broda, analyst at RBC Capital Markets....
...“BHP’s unification and petroleum spinout is transformational,” said Tyler Broda, analyst at RBC Securities....
...Commenting on BP’s recent announcement, Ivan Glasenberg said 2050 was a “long way” off and Glencore preferred to be “precise and factual” when talking about measures to reduce its carbon footprint....
...The SFO investigation adds to the regulatory problems facing Glencore and ramps up the pressure on its chief executive Ivan Glasenberg, who has hinted he may step down next year....
...Glencore boss Ivan Glasenberg said he would reveal a detailed turnround plan for its ailing African copper arm next week as he took a swipe at the performance of the business....
...“After the poor first half and subsequent derating, Antofagasta has posted a very strong fourth quarter,” said Tyler Broda, analyst at RBC Capital Markets....
...As a result, leading industry executives such as Glencore’s chief executive Ivan Glasenberg say share buybacks are the best investment their companies can make at present....
...Glencore, which is run by Ivan Glasenberg, suspended mining at Katanga in 2015 so that it could invest in new processing technology, which came on line this year....
...The London-listed miner and commodity trader, run by billionaire Ivan Glasenberg, said the share buyback programme would commence immediately and run until the end of the year....
...Glencore, which is led by billionaire trader Ivan Glasenberg, was also forced to scrap a deal to sell a $9bn stake in Rosneft, the state-backed Russian oil company, to CEFC, the Chinese energy group....
...“We view Rio’s execution on its exit from coal, at least in a cyclical context, very positively,” said Tyler Broda, analyst at RBC Capital Markets....
...Glencore boss Ivan Glasenberg probably wouldn’t put the Democratic Republic of Congo high up on his list of holiday destinations....
...Earlier this month, Ivan Glasenberg, Glencore chief executive, made a last minute $2.55bn offer for Coal & Allied, which included $500m in annual instalments....
...“The last 18 months have been challenging for Glencore,” said chief executive Ivan Glasenberg....
...Now, Glencore’s hard-charging chief executive Ivan Glasenberg has spotted another opening, this time in agriculture....
...Glencore boss Ivan Glasenberg, a renowned dealmaker, has long coveted Coal & Allied, which produces high-quality thermal coal from Australia’s Hunter Valley....
...Glencore boss Ivan Glasenberg has long coveted Coal & Allied because of the close close proximity of their respective assets in Australia’s Hunter Valley....
...“The new, more conservative balance sheet is likely to serve Glencore well,” said Tyler Broda, analyst at RBC Capital Markets....
...” – Go Wet, Young Man: Tyler Cowen on seasteading. – Even Chris Christie’s Bridgegate lawyer can get a Trump administration job....
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