Glencore’s stunning comeback

2016-12-07 09:48

The Swiss miner is first of the Big 4 mining conglomerates to set the stage for 2017 with a dividend announcement.

Glencore pivots from disposal to dividends

2016-11-29 19:15

There’s talk that Glecore’s turnaround plan has gone so well that it could be months away from paying dividends again.

Eskom hits back at Glencore over coal dealings

2016-11-06 18:45

Eskom has made public letters from Glencore in a bid to set the record straight over suggestions that the power utility lied about how much the mining firm wanted for coal.

#StateCaptureReport: Zwane's 'mystery' Dubai trip

2016-11-02 21:11

A series of unused flights during a trip abroad by Mining Minister Mosebenzi Zwane may have cost taxpayers nearly R100 000 in possibly fruitless or wasteful expenditure.

Glencore jumps to 15-month high as coal prices extend surge

2016-10-13 10:00

Glencore has jumped to a 15-month high in London as coal prices rose and a Japanese steelmaker was said to agree to pay the most for coking coal in four years.

Glencore drags down mining shares

2016-08-25 14:17

Mining shares have retreated, dragged down by a second day of losses in Glencore after the miner reported the smallest profit since its publicly traded.

Glencore profit dives 66% on raw-materials price rout

2016-08-24 09:31

Glencore, the miner and commodity trader run by billionaire Ivan Glasenberg, has posted a 66% drop in first-half profit on lower raw-materials prices.

Glencore’s coal, copper zinc output decline after mines shut

2016-08-11 10:25

Glencore’s production of copper, coal and zinc have fallen in the second quarter after the commodities trader closed mines in response to a rout in prices

Miners cut distressed debt pool by $60bn

2016-06-10 12:21

Mining companies are getting back into financial shape and have cut the sector’s pool of distressed bonds by at least $60bn.

Glencore sells Agri stake for R9.3 billion

2016-06-09 10:43

Glencore has agreed to sell just-under a 10% stake in its agriculture unit to Canada’s British Columbia Investment Management for $624.9m in cash.


Glencore to pay $1bn dividend after rally

2016-12-01 16:08

Glencore will reinstate its dividend next year and plans to pay out a minimum of $1bn annually following a rebound in commodity prices and a reduction in its debt.

Chamber of Mines takes aim at government over Mining Charter

2016-11-24 07:30

The Chamber of Mines will explore all options to oppose the Mining Charter if the government implements new levies and black-ownership targets as proposed.

Glencore lashes out at Eskom over coal claims

2016-11-06 09:50

Glencore has rejected allegations by Eskom CEO Brian Molefe that it sold the parastatal coal at exorbitant prices.

#StateCaptureReport: Madonsela nails Eskom over Gupta coal tender

2016-11-02 17:06

Prepayment by Eskom to Gupta-owned Tegeta allegedly used to buy Optimum Coal Mine from Glencore may be corrupt, illegal and amount to fruitless and wasteful expenditure.

Guptas' Oakbay Resources signs new coal export deal

2016-09-08 15:39

Oakbay Investments boss Nazeem Howa has confirmed that the group secured a new coal export deal, which is R150 per tonne more than its highest contract with Eskom.

Glencore widens debt plan to weather rout

2016-08-24 16:15

Glencore has sharpened its plan to cut debt after reporting its worst half-yearly profit since listing in London five years ago.

David Herro sells Glencore shares after stock double

2016-08-22 19:21

David Herro, one of the biggest investors in Glencore, has reduced his stake in the commodity trader and miner, locking in profits after the stock doubled this year.

AG to probe R5bn 'secret’ oil deal

2016-06-21 21:30

The Auditor General will be investigating the allegedly unlawful sale of 10 million barrels of crude oil fuel stocks involving Minister of Energy Joemat-Pettersson.

Chinese companies could buy Glencore's Kazakh mine

2016-06-09 19:15

Reports indicate that Chinese gold producers Shandong Gold Mining and Zhongjin Gold Corporation are among potential bidders for Glencore's gold mine in Kazakhstan.

JSE a mixed bag on economic data

2016-06-08 14:16

The JSE was at midday a mixed bag, with industrial and financial shares sharply down but resources and gold reacting solidly on good economic news for China and higher commodity prices.

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