Tax authorities in the Democratic Republic of Congo sealed off offices belonging to a Glencore Plc-owned copper mine, escalating a row over payments allegedly owed to the state.
Tax authorities in the Democratic Republic of Congo sealed off offices belonging to a Glencore Plc-owned copper mine, escalating a row over payments allegedly owed to the state.
This April 14, 2011 file picture shows the Glencore headquarters in Baar, Switzerland. Commodities trader Glencore says Chinese regulators have approved its proposed merger with mining company Xstrata PLC. The Swiss-based supplier of raw materials such as oil, copper and wheat says the merger was cleared by China's Ministry of Commerce subject to certain conditions. Among those, says Glencore, which also owns plants, warehouses and mines, is that the company must sell all of its post-merger ownership interest in Les Bambas, an Xstrata copper project in Peru. Glencore said in a statement Tuesday April 16, 2013 it also must continue to offer to supply Chinese customers with a minimum volume of copper concentrate for eight years.
Glencore Plc, Mercuria Energy Group and Trafigura Group are among key investors planning to buy securities in the Hong Kong listing of Indonesian gold miner PT Merdeka Gold Resources.
Glencore Plc, Mercuria Energy Group and Trafigura Group are among key investors planning to buy securities in the Hong Kong listing of Indonesian gold miner PT Merdeka Gold Resources.
The Hong Kong Exchanges & Clearing Connect Hall in Hong Kong.
Glencore Plc’s trading team made bumper profits as the Iran war roiled global commodity markets, with surging prices helping to put the firm’s marketing unit on course for one of its best-ever results.
Glencore Plc’s trading team made bumper profits as the Iran war roiled global commodity markets, with surging prices helping to put the firm’s marketing unit on course for one of its best-ever results.
Glencore Plc’s ferrochrome operation in South Africa initially accepted an offer for cheaper electricity as the company and the state negotiate the restart of the firm’s smelters.
Glencore Plc’s ferrochrome operation in South Africa initially accepted an offer for cheaper electricity as the company and the state negotiate the restart of the firm’s smelters.
Glencore Plc. and Mercuria Energy Trading SA agreed to increase liquefied natural gas purchases under 20-year deals with an export terminal Kimmeridge Energy Management Co. is developing in Louisiana, according to people familiar with the matter.
Glencore Plc. and Mercuria Energy Trading SA agreed to increase liquefied natural gas purchases under 20-year deals with an export terminal Kimmeridge Energy Management Co. is developing in Louisiana, according to people familiar with the matter.
The governments of Canada and Quebec are pushing to save the country’s only copper smelter after Glencore Plc threatened to shut it down over new pollution-control requirements.
The governments of Canada and Quebec are pushing to save the country’s only copper smelter after Glencore Plc threatened to shut it down over new pollution-control requirements.
Core Lithium Ltd. has sold a stockpile of ore from its idled Finniss mine in Australia to Glencore Plc., raising cash to support a potential restart of the project.
Core Lithium Ltd. has sold a stockpile of ore from its idled Finniss mine in Australia to Glencore Plc., raising cash to support a potential restart of the project.
Tullow Oil Plc has reached an agreement with some bondholders and lender Glencore Energy UK Limited that would allow the Africa-focused energy company to delay a looming debt repayment and boost its liquidity.
Tullow Oil Plc has reached an agreement with some bondholders and lender Glencore Energy UK Limited that would allow the Africa-focused energy company to delay a looming debt repayment and boost its liquidity.
Glencore Plc is in talks to sell its stake in Kazzinc Ltd. in Kazakhstan to local businessman Shakhmurat Mutalip as part of a series of deals that could reshape the country’s vast mining landscape.
Glencore Plc is in talks to sell its stake in Kazzinc Ltd. in Kazakhstan to local businessman Shakhmurat Mutalip as part of a series of deals that could reshape the country’s vast mining landscape.
A front loader arranges storage piles of gold bearing ore at a mine in Kazakhstan.
Rio Tinto Group will focus on its own growth options after walking away from a deal to buy Glencore Plc that would have created the world’s biggest miner.
Rio Tinto Group will focus on its own growth options after walking away from a deal to buy Glencore Plc that would have created the world’s biggest miner.
Glencore Plc boss Gary Nagle said the world’s top miners must get bigger in order to make their voices heard, as the metals and commodities they produce become increasingly political.
Glencore Plc boss Gary Nagle said the world’s top miners must get bigger in order to make their voices heard, as the metals and commodities they produce become increasingly political.
Glencore Plc made an additional distribution to shareholders, even as declining earnings from the commodity trader-cum-miner’s sprawling coal operations weighed on full-year profit.
Glencore Plc made an additional distribution to shareholders, even as declining earnings from the commodity trader-cum-miner’s sprawling coal operations weighed on full-year profit.
Glencore Plc reached an agreement with the Democratic Republic of Congo’s state mining company over a land package that the commodity giant said will increase production at its Kamoto Copper Co.
Glencore Plc reached an agreement with the Democratic Republic of Congo’s state mining company over a land package that the commodity giant said will increase production at its Kamoto Copper Co.
Glencore Plc’s ferrochrome smelting venture in South Africa is running out of time to find a solution that would lower electricity costs and enable it to avert job cuts.
Glencore Plc’s ferrochrome smelting venture in South Africa is running out of time to find a solution that would lower electricity costs and enable it to avert job cuts.
South Africa’s Electricity Minister Kgosientsho Ramokgopa has been searching for a solution to rising electricity costs. Photographer: Waldo Swiegers/Bloomberg
A failed attempt to combine Rio Tinto and Glencore is a reminder that mega deals in mining are hard to achieve.
FILE: A worker assists in the operation of a giant Terex Corp. mining excavator during the extraction of ore from the open pit at Katanga Mining Ltd.'s KOV copper and cobalt mine in Kolwezi, Katanga province, Democratic Republic of Congo, on Wednesday, Aug. 1, 2012. Glencore Plc tumbled the most in two years as its African troubles escalated dramatically after U.S. authorities demanded documents relating to possible corruption and money laundering. The worlds biggest commodity trader said Tuesday that its been subpoenaed by the U.S. Department of Justice to produce documents with respect to compliance with the Foreign Corrupt Practices Act and United States money laundering statutes. Our editors select archive images from Glencores Katanga Mining Ltd. and Mutanda operations in the Democratic Republic of Congo. Photographer: Simon Dawson/Bloomberg via Getty Images
Amazon shares dropped after the company announced plans to spend $200 billion this year on data centers, chips and other equipment. The proposal further ignited AI bubble fears, with the Wall Street tech selloff extending into Asia trading hours. The spending planned by Alphabet, Amazon, Meta and Microsoft in pursuit of AI dominance is forecast to reach $650 billion in 2026.
Elsewhere, Stellantis fell as much as 14% at the European market open after the carmaker announced it will take roughly €
Amazon shares dropped after the company announced plans to spend $200 billion this year on data centers, chips and other equipment. The proposal further ignited AI bubble fears, with the Wall Street tech selloff extending into Asia trading hours. The spending planned by Alphabet, Amazon, Meta and Microsoft in pursuit of AI dominance is forecast to reach $650 billion in 2026.
Elsewhere, Stellantis fell as much as 14% at the European market open after the carmaker announced it will take roughly €22 billion in charges linked to a sweeping overhaul of its operations as high costs and muted electric-vehicle sales force the automaker to adjust its strategy.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
A US government-backed group’s plan to take stakes in Glencore Plc’s Congolese copper operations could be the first step in creating an American company to accumulate mining assets in Africa.
A US government-backed group’s plan to take stakes in Glencore Plc’s Congolese copper operations could be the first step in creating an American company to accumulate mining assets in Africa.
A miner transports copper plates at the open-pit copper and cobalt mine outside Kolwezi in Lualaba province, Democratic Republic of Congo.
Glencore Plc tops the list of European companies identified by M&A experts as potential takeover targets for 2026 as dealmaking activity roars out of the gate this year.
Glencore Plc tops the list of European companies identified by M&A experts as potential takeover targets for 2026 as dealmaking activity roars out of the gate this year.
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