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.

Glencore’s Optimum sale to Guptas likely to get bank backing

2016-04-08 07:18

Creditors of Glencore’s Optimum Coal Mine will on Friday probably approve a plan to sell it to Tegeta, a company controlled by Duduzane Zuma and the Gupta family.

Glencore lays arson charge against Amcu strikers

2016-04-07 13:54

Glencore says it has laid arson charges against Amcu as a three-week coal strike turns increasingly violent.

Glencore sells agri-business for $2.5bn

2016-04-06 11:34

Glencore has announced selling nearly half of its vast agriculture business to a Canadian pension fund for $2.5bn in cash.

Buy when bad news is good news

2016-03-30 12:47

There are schools of thought that suggest that when markets are at their worst and there is potential for recovery, it is a good time to buy. We look at some examples where this approach paid off.

Glencore deal questioned by top party official

2016-03-17 12:49

One of SA’s most-senior ruling party officials has questioned the role of Mines Minister Mosebenzi Zwane in a deal between Glencore and a Gupta family firm.

Seven missing after landslide at Congo copper mine

2016-03-08 18:03

Swiss mining company Glencore says 7 people are missing following a landslide at a massive open pit copper mine in southeastern Congo.


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.

Glencore mine sale to Gupta-Zuma business gets banks' support

2016-04-08 13:22

Creditors of Glencore’s Optimum Coal mine has approved a plan to sell it to a company controlled by President Jacob Zuma’s son and the Gupta family.

Creditors to vote on Glencore Optimum Coal sale

2016-04-07 20:06

Creditors of Glencore’s Optimum Coal Mine are set to vote on Friday on a plan that would sell it to a company controlled by President Jacob Zuma’s son and the Guptas.

Glencore’s road to redemption

2016-04-07 07:14

Glencore’s $2.5bn agriculture deal is another milestone to solving CEO Ivan Glasenberg’s biggest problem last year - reducing a mountain of debt.

Striking workers arrested at Glencore coal mine

2016-04-05 12:48

Nearly 60 striking workers were arrested during a violent strike over wages at a coal mine owned by Glencore, the company and police have said.

Mailbox: Hey Gwede, here’s some tips for your Zupta investigations

2016-03-30 11:28

Biznews community member Daniel Sutherland gives ANC secretary general Gwede Mantashe some tips for Zupta investigations.

Kantor: CompCom’s focus wrong. Job growth not retention key – feeds inefficiencies

2016-03-16 06:33

Brian Kantor questions the motives behind the Competition Tribunal's approval of the Gupta-owned Tegeta acquisition of the Optimum Coal mine that supplies Eskom.

Zuma’s son took stake in Tegeta 3 wks before Optimum buy

2016-03-07 07:55

A firm that’s almost half-owned by Duduzane Zuma obtained shares in a Gupta-family firm weeks before they bought Glencore’s Optimum Coal, share register documents show.

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