NUM strikes over retrenchment package

2014-12-07 15:06

NUM members at Glencore Koornfontein mine in Mpumalanga are on strike over retrenchment packages, says the union.

Mining bosses top SA’s rich list

2014-11-30 10:10

A local rich list shows three mining bosses are among the country’s 10 wealthiest people – despite a slowing economy and continued mining strikes.

Celebrating SA success on the global stage – Naspers and Glencore

2014-11-25 16:14

Alec Hogg looks at the global success of Koos Bekker and Ivan Glasenberg, two South African born and bred entrepreneurs whose businesses are in the news today.

Glencore copper output up 8%

2014-11-04 09:45

Glencore has posted an 8% rise in copper output in the first nine months of the year and says its trading arm performed in line with expectations.

NUM members strike at Glencore coal mine

2014-10-20 16:26

Members of the National Union of Mineworkers have downed tools at the Koornfontein coal mine operated by Glencore, due to a wage dispute.

Rio Tinto rejects Glencore merger approach

2014-10-07 11:00

Rio Tinto has rejected a merger approach from rival Glencore to create a mining giant just as the price of of its most profitable product, iron ore, slid.

London Mining in iron ore dispute with Glencore

2014-09-22 12:01

London Mining says it could end an iron ore supply contract with Glencore after a payment dispute, sending shares of the company to an all-time low.

Glencore fulfills pledge with $1bn buyback

2014-08-20 14:03

Commodities group, Glencore, has become the first of the large miners to honour promises to return cash to shareholder.

Glencore gets $7bn from mine sale

2014-08-01 10:40

Glencore has received $7bn from the sale of one of the world's largest copper projects, the Las Bambas mine in Peru.

Glencore to cut jobs at Namibia mine

2014-06-03 12:44

Global mining and commodity trading company Glencore is expected to cut about 20% of the staff at its Rosh Pinah zinc and lead mine as it aims to control costs.

Merafe's ferrochrome production jumps

2014-04-23 11:33

Merafe's attributable ferrochrome production from the Glencore-Merafe chrome venture has increased by 28%.

Metal-hungry China buys Glencore mine

2014-04-14 14:20

A Chinese consortium has bought the Las Bambas copper mine in Peru from Glencore Xstrata.

Glencore eyes Shell assets in Nigeria

2014-03-05 09:46

Commodity trader and miner Glencore has confirmed its interest in buying oil assets that oil major Shell is selling in Nigeria.

Zuma makes global power list

2013-05-02 20:08

Nine South Africans, including President Jacob Zuma, Helen Zille and bosses of top firms have made the list of 500 most powerful people by a global magazine.

Glencore-Xstrata merger passes last hurdle

2013-04-16 14:19

Glencore and Xstrata have cleared the final hurdle in their long-running merger plan, when China's Ministry of Commerce conditionally backed the $35bn deal.

African growth lures trading houses

2013-03-28 18:08

Firms are expanding aggressively in Africa as they look to benefit from a continent achieving some of the highest economic growth rates in the world.

Huge backing for $31bn Xstrata takeover

2012-11-20 11:42

Shareholders in commodity trader Glencore have voted overwhelmingly in favour of its long-awaited $31bn takeover of miner Xstrata.

Glencore lays out final bid for Xstrata

2012-09-10 08:35

Commodities trader Glencore has laid out its revised $36bn all-share bid for miner Xstrata, raising its offer but warning it would not improve the terms further.

Glencore delays vote on Xstrata bid

2012-09-07 11:30

Glencore's $34bn takeover bid for miner Xstrata appears to be back on after it postponed a shareholder meeting that had been expected to vote on the faltering deal.

Qatar makes shock Glencore move

2012-06-27 09:42

Qatar Holding’s shock rebuff of Glencore’s offer in its $30bn takeover bid for miner Xstrata shows a new stance by a hitherto quiet investor in its portfolio.


Glencore exec pays $70m for London pad

2015-01-08 14:15

The head of copper mining and trading at Glencore has paid millions for an apartment in London’s upscale Belgravia district.

Miners end strike at Glencore chrome venture

2014-12-01 19:43

Miners at a ferrochrome venture between Glencore and Merafe Resources has reached an agreement to end a strike.

Celebrating SA success on the global stage

2014-11-25 19:38

Alec Hogg looks at the global success of Koos Bekker and Ivan Glasenberg, two South African born and bred entrepreneurs.

Glencore wins interdict against NUM strike

2014-11-20 09:16

Glencore has won an interim interdict in the Labour Court against the National Union of Mineworkers conducting a secondary strike at its Optimum Coal mine.

Richards Bay coal terminal to stop issuing data

2014-10-23 14:30

Richards Bay Coal Terminal has decided to not release operational updates detailing shipments of coal, because it is competitive information, the company CEO says.

Former Xstrata boss's raises more for deals

2014-10-15 13:15

The former boss of mining company Xstrata, Mick Davis, has secured a further $1bn in funding from unnamed investors.

Glencore lay-offs illegal, says mining minister

2014-10-06 14:44

Zambia's mines minister has described as "illegal" plans by Glencore to halt operations at its zinc unit in the country and cut almost 170 jobs.

Glencore still set on selling Lonmin stake

2014-09-03 17:06

Glencore still wants to sell its 25% stake in platinum producer Lonmin, but at the right time, says CEO Ivan Glasenberg.

Glencore courts Guinea's iron ore treasures

2014-08-06 09:42

Miner and commodity trader Glencore has expressed interest in iron deposits in Guinea, although the company says it has not pitched for a stake in Simandou.

Glencore appoints first female board director

2014-06-26 11:48

Glencore, the last British blue-chip company with an all male board, has appointed its first female board director.

Glencore names ex-BP boss as chair

2014-05-09 13:07

Glencore Xstrata has confirmed Tony Hayward as permanent chairperson of the mining and commodities trading group.

Glencore to buy Chad oil firm

2014-04-14 22:00

Glencore Xstrata has agreed to buy Caracal Energy - a deal that will allow the commodity giant to expand in the oil sector.

Glencore partner to export Chad oil

2014-03-19 12:25

Caracal Energy, Glencore Xstrata's partner in Chad, will export its first cargo of crude oil from the Central African country in late March.

Glencore boss on acquisition trail

2013-05-02 09:03

After years of on-off talks, months of brinksmanship and bitter negotiations, Glencore's head Ivan Glasenberg gets to complete the $30bn acquisition of Xstrata.

Glencore-Xstrata merger awaits China nod

2013-04-02 10:08

Swiss mining giant Xstrata and commodities trader Glencore have pushed back further the date to finalise their merger as they wait for Chinese approval.

Glencore profit down as impairments bite

2013-03-05 09:35

Commodities trader Glencore, just a month away from completing its takeover of mining rival Xstrata, has met expectations with a 25% drop in net income.

Glencore-Xstrata merger decision soon

2013-01-21 11:19

The Competition Tribunal says it will issue its decision on the proposed takeover of global miner Xstrata by commodities trader Glencore on Tuesday.

Xstrata, Glencore hearing postponed

2012-12-10 17:54

A hearing by the competition tribunal on Glencore's $33bn takeover of Xstrata has been postponed until next month, the court says.

Glencore raises offer for Xstrata

2012-09-07 13:37

Glencore has raised its offer for miner Xstrata to salvage the $37bn bid, that appeared to be heading for the rocks after Qatar held out for more.

Glencore offers no Xstrata clues

2012-08-21 08:43

Commodities trader Glencore has stuck to its guns on a $30bn bid for miner Xstrata, as it reported a fall in earnings for the first half of 20128.

Glencore fights to save $26bn Xstrata bid

2012-06-28 08:17

Commodities trader Glencore battled to save its $26bn bid for miner Xstrata after shareholder Qatar stunned the pair with a late demand for better terms.

Glencore to lay out Xstrata merger plans

2012-05-27 15:38

Glencore will this week move into the final stage of its long-awaited $30bn takeover of miner Xstrata, as shareholders are sent detailed documents on the deal.

Qatar ramps up Xstrata stake

2012-04-09 13:15

Qatar's sovereign wealth fund has upped its stake in Xstrata to over 5%, potentially making it easier for commodities trader Glencore to buy the Anglo-Swiss miner.

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