Glencore

'No hurry' in Vale-Glencore talks over Canadian combination

Frik Els | February 23, 2014
'No hurry' in Vale-Glencore talks over Canadian combination

Brazil's Vale said over the weekend talks with Glencore over combining their Canadian operations continue, but no deal is likely "early this year."

More than mining: Anglo sets up trading arm

Frik Els | February 3, 2014
More than mining: Anglo sets up trading arm

Anglo American takes a leaf from Glencore's book, sets up trading and logistics division set to contribute $400m to profits within two years.

'All but fizzled': Last Chinese firm drops bid for Rio's Canada iron ore

Frik Els | January 22, 2014
'All but fizzled': Last Chinese firm drops bid for Rio's Canada iron ore

China's third largest steelmaker Wuhan Iron & Steel now also out of the running, leaving no serious bidders for pricey Iron Ore Company of Canada.

Glencore trade with Iran may have helped Tehran avoid UN sanctions: report

Cecilia Jamasmie | May 23, 2013
Glencore trade with Iran may have help Tehran avoid UN sanctions: report

The company's head of aluminum, Gary Fegel, is set to leave the company this summer.

Aluminum chief first senior executive to leave Glencore Xstrata

Cecilia Jamasmie | May 22, 2013
Glencore Xstrata and Indian firms eye Rio’s $10bn assets for sale

The unconfirmed news came as a surprise for analysts as Fegel was reconfirmed in the post only weeks ago.

Glencore Xstrata up on first day of trading after merger

Cecilia Jamasmie | May 3, 2013
Glencore Xstrata and Indian firms eye Rio’s $10bn assets for sale

The newly combined company’s stock price rose over 4%

Fresh delays hit Glencore-Xstrata $76 billion mega merger

Cecilia Jamasmie | April 2, 2013
Fresh delays hit Glencore-Xstrata $76 billion mega merger

New deadline for completion is May 2.

Large-scale deals to head down the mineshaft in 2013: PwC

Cecilia Jamasmie | March 26, 2013
Large-scale deals to head down the mineshaft in 2013: PwC

The number of global deals has fallen to its lowest level since 2005.

Glencore-Xstrata profits hit by $2.6bn writedowns and slump in commodity prices

Cecilia Jamasmie | March 5, 2013
Glencore Xstrata and Indian firms eye Rio’s $10bn assets for sale

The results add to the recent list of a dreadful reporting season from major miners, such as Rio Tinto and Anglo American.

Mining mergers in 2012 hit lowest in seven years: PwC

Cecilia Jamasmie | March 5, 2013
Mining mergers in 2012 hit lowest in seven years: PwC

Mergers and acquisitions in the sector fell 30% last year and will continue to be low in 2013.

Glencore delays closing of Xstrata merger, faces claims of aiding Iran nuclear program

Cecilia Jamasmie | March 1, 2013
Glencore delays closing of Xstrata merger, faces claims of aiding Iran nuclear program

The world’s largest commodities trader said more details about the pending deal will be revealed on Tuesday. Meanwhile, it faces claims of supplying Iran with key ingredients for the manufacture of tubes used in uranium enrichment centrifuges.

Glencore vows to appoint female director

Cecilia Jamasmie | February 17, 2013
Glencore vows to appoint female director

The move would drop the number of FTSE 100 with all-male boards to five.

Glencore-Xstrata post poor key metals output

Cecilia Jamasmie | February 12, 2013
Glencore-Xstrata

The miners joint production numbers released by Glencore revealed a decline in output across key metals such as coal and copper.

Exotic travel and lots of money: commodity trader for a major miner lists business perks

Cecilia Jamasmie | January 28, 2013
Who owns all the Bitcoins?

A social media user who claims being a commodities trader at giant Glencore (LON:GLEN) opened up a forum on Reddit on Sunday in which he answered lots of questions about what it's like to work at the big firm.

Glencore and Xstrata postpone final merger date, but get Eskom’s support

Cecilia Jamasmie | January 18, 2013
Glencore-Xstrata

Eskom's announcement removes one of the last few hurdles in the two companies' quest to create the world's fourth-biggest diversified miner.

Anglo Asian signs copper sales contract with Glencore

Cecilia Jamasmie | December 17, 2012
finance deal handshake mining

Under the terms of the sales agreement, Glencore will purchase 250 wet metric tonnes (WMT) per month of copper concentrate product.

Glencore-Xstrata deal hits South African snag

Cecilia Jamasmie | December 11, 2012
Glencore-Xstrata

Glencore has extended the deadline to complete takeover of Xstrata (LON:XTA) by a month after South African power utility Eskom expressed worries about its coal supplies.

Frik Els

A no-brainer? Davis takes Carroll's job at Anglo

Frik Els | November 21, 2012
Former Xstrata CEO Davis gets a $1bn injection for new venture

"I have not yet decided what my future plans will be but certainly retirement will not be part of them."

Glenstrata, the new mining king, is born

Cecilia Jamasmie | November 20, 2012
Glenstrata the new mining king is born

In what shouldn’t come as a surprise for those following the recent events related to the touted and long delayed $66 billion merger between diversified miner Xstrata (LON:XTA) and commodity trader giant Glencore International (LON:GLEN), the Swiss company's shareholders have approved the deal.

BHP Billiton looks for new CEO outside mining

Cecilia Jamasmie | November 20, 2012
BHP Billiton looks for new CEO outside the mining industry

BHP Billiton's (NYSE:BHP), the world's largest mining company, has not been successful in its quest to find a suitable successor to Marius Kloppers, as the South African approaches his sixth year as chief.

Frik Els

Glencore opens up a huge zinc opportunity

Frik Els | November 1, 2012
zinc_hot_chili

Glencore’s rivals are salivating at the prospect of the deal coming up for grabs.

EU delays Glencore-Xstrata merger verdict

Cecilia Jamasmie | October 31, 2012
deadline 333

The European Commission said Wednesday it is delaying the deadline to emit a verdict on Glencore International PLC's $70 billion merger proposal with Xstrata (LON:XTA) after Glencore (LON:GLENA) made concessions to reduce EU concerns about too much potential concentration of interests in northern Europe.

Qatar sees Glencore/Xstrata merger positively

Cecilia Jamasmie | October 15, 2012
Qatar Xstrata Glencore 333

Qatar's sovereign investment fund, the second largest shareholder in Xstrata PLC (LON:XTA) with 12% of equity, confirmed Monday it is looking positively at the company's planned merger with Glencore International (LON:GLEN).

Xstrata gets an extra week to decide on Glencore merger

Cecilia Jamasmie | September 21, 2012
decision making

Diversified miner Xstrata (LON:XTA) and commodities trader Glencore International (LON:GLEN) have now until October 1 to decided on the $36 billion lauded merger.

Glasenberg won't budge on Xstrata

Frik Els | August 19, 2012
finance_lawyer_legal_sue_vintage

Glasenberg’s determination to continue with the offer as originally planned comes amid growing signs that Xstrata is more confident of its position on a stand-alone basis.

Glencore gets a bigger piece of the iron ore pie with Bellzone's output offtake

Cecilia Jamasmie | August 9, 2012
Bellzone‘s output offtake

Shares of iron miner Bellzone were on the rise this morning after the company agreed to sell all of its share of output from the Forecariah mine in Guinea to commodities trading giant Glencore.

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