Glencore International Ag

Glencore IPO expected to boost appeal of Hong Kong as a mining destination

Commodities trader Glencore's bumper public offering has increased interest in Hong Kong listings from across the mining sector and will prove a welcome boost to the bourse, a senior executive at the exchange said.

The world's largest diversified commodities trader is set to make its market debut in London and Hong Kong next week, in what could be a record listing, with Glencore [GLEN.UL] hoping to raise $11 billion.

Zijin Mining to be one of Glencore's cornerstone investors

China's Zijin Mining Group Co Ltd said on Friday it would invest $100 million as a cornerstone investor in the initial public offering of commodities group Glencore.

The investment in the up to $11 billion IPO will be subject to a six-month lock up period, Zijin said in a filing to the Hong Kong bourse.

Glencore IPO opens door to further deals, including one with Xstrata

Acquisition firepower is one of the main reasons behind Glencore's planned $12bn listing and, while many see Xstrata as its number one target, there are other options.

Silver stocks fall on Bolivian nationalisation fears

The shares in some North American silver miners fell sharply on Thursday after Bolivia's leftist government said it might rescind concessions on four mines in the country run by Glencore International Ltd [GLEN.UL] affiliates and Canada's Pan American Silver Corp (PAA.TO: Quote)(PAAS.O: Quote).

Zimbabwe: Mwana Africa's Bindura Nickel in off-take deal with Glencore

Bindura Nickel signs output off-take agreement with Glencore International. Bindura predicts yearly nickel output at7,000 tonnes.