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Outgoing CEO Ivan Glasenberg wanted his successor to look "like me," and the main aspirants do.
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.
Mining and commodities giant Glencore said the long-term outlook was good as the widespread adoption of electric vehicles would boost demand for raw materials.
The Swiss miner is first of the Big 4 mining conglomerates to set the stage for 2017 with a dividend announcement.
Glencore’s billionaire Chief Executive Officer Ivan Glasenberg says it’s getting harder to predict metals consumption in China, the world’s biggest user of raw materials.
With $800m profit generated from its agriculture operations last year, Glencore is eyeing more opportunities in the sector, most likely in North America.
Glencore, the world's largest diversified commodities trader, has made a steady debut in conditional trade in London.
It was quite something to see Glencore as the victims before the inquiry into state capture rather than the captors, says Ferial Haffajee.
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.
Research by Oxfam shows that the wealth of three South African billionaires is equal to that of the bottom 50% of the population.
Glencore CEO Ivan Glasenberg wants the mining industry to learn from past mistakes after a $1trn spending spree left the world awash with metals.
Just two weeks before Glencore can make a new approach for Rio Tinto, the rival that rejected it last summer, it seems unlikely to strike again or charm investors with any other major move soon.
A local rich list shows three mining bosses are among the country’s 10 wealthiest people – despite a slowing economy and continued mining strikes.
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Cape Townemerge R580 000.00 - R620 000.00 Per Year
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