Could Glencore be another Lehman?

2015-10-02 10:29

Glencore, the commodities giant that suddenly finds itself at the epicentre of a global panic, has investors questioning whether a sudden plunge could happen again

Glencore copper mines seen top of China’s list

2015-09-30 17:30

As a beleaguered Glencore fights to staunch losses in equity and debt markets, China may be sizing up the assets with a particular eye on its copper mines.

How Swaziland was robbed of iron ore billions

2015-09-27 17:46

A businessman is accused of inflating transport costs to shift profit from the mine to his Seychelles company.

Glencore Zambia unit plans to cut 4 300 jobs

2015-09-14 20:06

Mopani Copper Mines, the Zambian unit of Glencore, plans to cut 4 300 jobs, National Union for Miners and Allied Workers President James Chansa says.

All eyes on Anglo American as Glencore CEO cedes to shareholders

2015-09-09 07:56

Glencore caved this week to shareholder demands that the commodity-trader bolster its balance sheet; now attention is turning to whether rival Anglo American will follow.

Glencore to sell assets, shares to trim $30bn debt

2015-09-07 09:55

Commodity producer and trader Glencore is planning to sell assets and shares to cut its $30bn net debt by about a third following the rout in global markets.

Eskom wants compensation if Glencore can't supply coal

2015-08-26 11:24

Eskom says it wants compensation from Glencore's mining subsidiary Optimum if it is unable to supply coal to its Hendrina power plant.

No 'Plan B' as Eskom coal supply suspended

2015-08-22 08:30

Eskom does not have a contingency plan should coal supplies at its Hendrina Power Station be depleted, after administrators suspended a supply deal with Optimum Coal Mine.

Glencore cuts forecasts on weak metals outlook

2015-08-20 10:58

Miner and commodities firm Glencore has cut its forecast for earnings from trading, a division meant to help cushion the company against tumbling commodities prices.

Glencore earnings fall, lower capex next year

2015-08-19 10:50

Miner and commodities trader Glencore says it has posted a fall in earnings on sliding metal and oil prices and adds that capital spending next year is expected to be lower.


Glencore to cut another 340 jobs in SA

2015-10-01 13:37

Glencore is cutting a further 340 jobs in South Africa as the company closes depleted coal mines to withstand a downturn in commodity prices.

Glencore tanks on bearish Investec note

2015-09-28 12:01

Glencore, the miner and commodity trader headed by billionaire Ivan Glasenberg, has dropped as much 17.4%, the biggest one-day drop since it started trading in 2011.

Glencore sells $2.5bn stock to reduce debt load

2015-09-16 12:30

Glencore has sold $2.5bn of new shares to pay down debt to help protect its credit rating amid a rout in commodities prices.

Glencore moguls prepare to up their bets

2015-09-13 16:15

Most Glencore managers are still sticking with their boss Ivan Glasenberg in light of the company's current woes.

Glencore plans copper stoppage as prices bite

2015-09-07 12:48

Glencore’s suspension of two African mines will cut its copper output by nearly a fifth, a move that has lifted prices in one of the world’s major metals markets.

Load shedding: Eskom calls Glencore's bluff

2015-09-04 13:44

Eskom has brokered a 60-day deal with Glencore to supply coal to the Hendrina power station, while talks continue to break the two company’s impasse.

Eskom’s coal standoff with Glencore unpacked

2015-08-24 07:18

ANALYSIS: The standoff between power supplier Eskom and commodity trading and mining group Glencore has long been coming.

Glencore coal supply deal with Eskom suspended

2015-08-21 12:03

Administrators for Glencore's Optimum Coal Mine have suspended the firm's supply deal with Eskom while the mining unit undergoes a financial rescue plan.

Glencore CEO: No one can read China right now

2015-08-19 12:34

Glencore’s billionaire Chief Executive Officer Ivan Glasenberg says it’s getting harder to predict metals consumption in China, the world’s biggest user of raw materials.

1 000 jobs at risk as Glencore to shut mine

2015-08-18 13:50

Glencore will shut its Eland platinum mine in South Africa, risking about 1 000 jobs, says trade union Solidarity.

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