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 said to complete $7.7bn loan turnaround

2016-05-25 14:38

Glencore has finalised a $7.7bn loan from almost 60 banks as the commodity trader shores up its balance sheet following a raw-materials downturn.

Glencore to complete $7.7bn loan amid turnaround push

2016-05-24 19:18

Glencore finalised a $7.7bn loan from almost 60 banks as the commodity trader shores up its balance sheet following a raw-materials downturn.

Glencore's best start of year eases IPO slump

2016-05-19 10:43

Glencore shareholders have been showing up for their annual meeting and they can take comfort in the stock’s best ever start to a year.

Glencore CEO lists mining's mistakes after $1trn spree

2016-05-11 09:17

Glencore CEO Ivan Glasenberg wants the mining industry to learn from past mistakes after a $1trn spending spree left the world awash with metals.


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.

Zwane denies joining Guptas on trip to Switzerland

2016-05-25 13:55

Mines minister Mosebenzi Zwane has once again denied tagging along with the Guptas on their trip to Switzerland in January to persuade Glencore to sell Optimum to Oakbay.

Glencore investors pass climate-change motion

2016-05-20 14:01

Glencore investors have agreed that the largest exporter of coal burned for power should provide more information on risks to its business regarding climate change.

Glencore has good news for metal bulls doubting rally

2016-05-12 18:18

The resurgence in mining shares this year may be just getting started, if Glencore's assessment is right.

Mineral dept's court negligence cost taxpayers R700 000

2016-05-10 11:22

The department of mineral resources has wasted almost R700 000 in taxpayers’ money because it failed to follow up on a court case with Glencore.

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