Gupta-Zuma coal deal cleared with vow to keep SA jobs

2016-02-12 15:09

A company controlled by the Gupta family says it will preserve jobs at a mine that it bought together with the son of President Jacob Zuma from Glencore.

Guptas just another Anglo, Glencore CEO to Zwane

2016-02-08 15:07

Mineral Resources Minister Mosebenzi Zwane has compared his relationship with the Guptas with that of Anglo American CEO Mark Cutifani and Glencore CEO Ivan Glasenberg.

Glencore rating cut to lowest investment grade

2016-02-04 16:31

Glencore’s credit rating has been cut to the lowest investment grade at Standard & Poor’s as the assessor downgrades a raft of commodities producers.

Glencore mine sale said to draw interest from ex-Barrick CEO

2016-01-14 12:15

Former Barrick Gold chief executive officer Aaron Regent is among the remaining bidders for Glencore Lomas Bayas copper mine in the Chilean desert of Atacama.

China still bullish for commodities - Glencore boss

2015-12-31 17:09

China’s economic growth engine will drive raw materials demand in the long term as the commodities firm remains focused on trading, says director John Mark.

Glencore looks at possible IPO

2015-12-10 14:15

Glencore, whois trying to reduce debt as commodity prices slump, says it’s studying the possibility of an initial public offering for its agricultural trading business.

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.


Zuma’s son, Guptas own firm that bought Glencore mine

2016-02-12 11:22

President Jacob Zuma’s son, Duduzane, has a stake in a firm that’s buying Glencore's Optimum Coal mine along with the Gupta family, the country’s antitrust regulator says.

Mines minister denies Gupta favours in Glencore talks

2016-02-05 12:19

Mines Minister Mosebenzi Zwane says he didn’t 'unduly' favour a company controlled by friends of President Jacob Zuma in talks over the sale of Glencore’s coal mine.

Glencore held gun to our head - Eskom CEO

2016-02-03 18:38

Eskom CEO Brian Molefe says he felt as if there 'was a gun to our head' in negotiations with Glencore over a coal supply contract.

Anglo leads mining slump as China turmoil batters commodities

2016-01-07 12:28

Anglo American and Glencore have led a slump in mining stocks to the lowest in over a decade as prices tumbled on fears China woes will cut demand for raw materials.

Glencore’s deeper debt cuts spur credit optimism

2015-12-18 07:57

Glencore’s aggressive approach to shrinking the industry’s biggest debt pile is fuelling optimism the trader and miner can retain its investment-grade credit rating.

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.

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

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