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.

One company. Three deals. So many questions.

2016-04-29 06:30

Optimum Coal has been sold three times in less than 10 years. It provides the prevailing South African story of some inexplicable deals involving politically connected individuals and companies.

Glencore sells first bonds since market turmoil

2016-04-27 17:21

Glencore has sold bonds for the first time since a rout in commodity markets forced it to trim debt and sell assets.

Biggest sovereign fund excludes 52 coal-related groups

2016-04-14 17:32

Norway's sovereign wealth fundhas excluded 52 coal-related companies after new ethical guidelines went into effect barring it from investing in such groups.


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.

Glencore sticks to cutbacks promise

2016-05-04 10:45

Glencore has kept a pledge to produce less metal following last year’s price rout and maintained its earnings outlook for the trading unit.

Ex-Xtrata exec loses £420 000 bonus suit

2016-04-28 19:45

Richard Elliston, the former company secretary of Xstrata, has lost his bonus fight against Glencore International.

Gupta-owned Oakbay completes Optimum take over

2016-04-14 18:01

Oakbay Investments has completed its acquisition of Optimum Coal Mine and six other target firms from Glencore for a total consideration of R2.15bn.

Why the Guptas and Zuma's son really quit Oakbay - DA

2016-04-09 07:00

The Guptas and Duduzane Zuma resigned from Oakbay to facilitate the sale of the Optimum coal mine from Glencore to Oakbay, the Democratic Alliance has claimed.

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.