Glencore raises $900m in future silver output sale

2015-11-04 13:15

Glencore has sold a share of its future silver output in a deal that includes a $900m upfront payment, as the company works to cut its $30bn debt pile by about a third.

Union expects deal that will end coal strike

2015-10-12 06:33

The week-long strike in the coal sector could be coming to an end soon, as NUM members examine the Chamber of Mines’ latest and, seemingly, attractive offer.

Glencore cuts zinc output to defend metals plunge

2015-10-09 10:32

Glencore has plans to cut zinc production by about a third, as the mining and trading giant continues to navigate the rout in commodity prices.

Glencore at 'turning point’ as Hong Kong rally continues

2015-10-06 07:49

Glencore has advanced for a fourth day in Hong Kong to lead mining stocks higher, on rising confidence that the commodity giant can handle its debt burden.

Glencore stages global comeback

2015-10-05 14:32

Glencore shares have surged over 20% on the JSE, tracking similar moves in both London and Hong Kong before giving up some of the gains in lunchtime trading.

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.


Eskom stonewalls on Glencore’s Optimum

2015-11-01 16:31

For now, Eskom’s 2 000 megawatt Hendrina Power Station in Mpumalanga will keep running.

Glencore holding coal wage talks to ransom - NUM

2015-10-09 17:11

The National Union of Mineworkers says its five-day strike in the coal sector would continue, dashing hopes that it was on the verge of ending.

Glencore closes SA mine, cutting over 800 jobs

2015-10-07 18:57

818 workers from Eland platinum mine have been fired while another 60 others have been moved to the firm's other operations, says Glencore.

Time to grab easy profits from Volkswagen, Glencore shares?

2015-10-05 15:40

The best time to buy assets, Baron Rothschild said in the 1700s, is when there’s blood in the streets, meaning it's a good time to buy when others are panicked.

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.

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