Glencore billionaire among directors banned, fined by Canada

2018-12-18 20:48

Glencore’s billionaire head of copper trading, Aristotelis Mistakidis, was among executives fined and banned from being a director by Canada after admitting that its Congolese copper and cobalt unit misstated how much metal it mined.

China's GEM said to stop buying cobalt from Glencore

2018-12-14 16:57

Chinese battery maker GEM Co. has halted buying cobalt from Glencore after prices fell below the agreed level under a three-year contract signed earlier this year, according to a person familiar with the matter.

Glencore's billionaire copper chief retires under legal pressure

2018-12-04 06:25

Glencore has announced the retirement of billionaire Aristotelis Mistakidis, its embattled head of copper trading and one of the company’s biggest shareholders.

Glencore's radioactive news may help give cobalt its buzz back

2018-11-07 19:04

Glencore’s sudden discovery that some of its cobalt is radioactive couldn’t come at a better time.

Glencore to boost share buyback program by up to $1bn

2018-09-25 11:22

Glencore will increase its share buyback program by as much as $1bn, adding to a growing number of moves by the world’s biggest miners this year to return more money to investors.

Department of Mineral Resources to approach state capture inquiry

2018-09-13 16:17

The Department of Mineral Resources will approach the commission of inquiry into state capture, and give evidence if asked to do so.

Glencore posts record interim profit and cuts debt: But what will it do with the cash?

2018-08-08 13:58

Glencore has posted record interim profit and cut debt to below target, but left investors guessing about what it will do with all the extra cash.

Glencore to cooperate with US justice department probe

2018-07-11 11:33

Glencore has said it will cooperate and provide the documents requested by the US justice department relating to its business in Nigeria, the Democratic Republic of Congo and Venezuela.

US probe darkens Glencore's horizons from Africa to America

2018-07-04 10:26

The US corruption and money-laundering probe into Glencore represents the sum of all fears for the world’s largest commodity trader and its billionaire CEO, Ivan Glasenberg.

Glencore bets big on SA as Ramaphosa promises revival

2018-06-26 10:33

As the company’s former business partner and new President Cyril Ramaphosa promises an economic recovery, Glencore is reaping profits from coal and chrome assets as prices rise.

 

Canada fines Glencore mining unit for Congo risks, WSJ reports

2018-12-17 06:15

Glencore’s Katanga Mining division has agreed to pay more than $22m to Canada’s biggest stock market regulator amid allegations it hid risks of doing business in the DRC, according to the Wall Street Journal.

Chris Bryant: Glencore's Glasenberg places a dirty $36bn bet

2018-12-06 19:19

Higher US bond yields have made the payouts offered by most stocks look pretty underwhelming lately. Not so Glencore, whose implied yield is startlingly high even though it’s throwing off cash like it’s going out of fashion, says Chris Bryant.

Glencore CEO Glasenberg says he'll stay for 3 to 5 years

2018-12-03 20:59

Glencore is updating investors as the world’s biggest commodities trader nears the end of a tough year.

Glencore CEO to tell investors he'll retire in 3 to 5 years

2018-10-22 13:08

Ivan Glasenberg, who has built Glencore into a dominant force in commodities trading and became the face of the industry, told investors he plans to retire in three to five years.

How Anglo quietly built a commodity trader in Glencore's shadow

2018-09-16 13:59

In just five years, the century-old miner assembled marketing operations that now sell more metals than the company produces.

Minerals committee still in the dark over funds for capture inquiry

2018-09-12 17:27

The portfolio committee is still in the dark on whether they will be afforded the resources and budget needed to proceed with an inquiry into allegations of state capture affecting the Department of Mineral Resources.

Glencore sees big jump in cobalt supply from Congo mines

2018-07-31 14:33

Glencore has increased cobalt production by almost a third after restarting output at its Katanga unit in the Democratic Republic of Congo.

Glencore announces R13.6bn share buyback days after US probe

2018-07-05 09:25

Glencore will buy back as much as $1bn of its shares, a move that may soothe investor confidence after the commodity trader was hit by a US Department of Justice probe.

Glencore plunges after US subpoena regarding money laundering

2018-07-03 11:23

Share in JSE-listed mining company Glencore have tumbled the most in two years after US authorities demanded documents relating to possible corruption and money laundering.

DRC's mining industry hobbled by poor infrastructure, tax hike

2018-06-17 18:28

Feasting on a global demand for cobalt and copper, the mining industry in the Democratic Republic of Congo is flourishing - but two clouds are spoiling its sunlit future.

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