Topic
Glencore International is the world's largest commodities trading company. It was formed in 1974 by a management buyout of Marc Rich & Co. In May 2013, it completed the US$29 billion acquisition of Xstrata to create the world's fourth-biggest mining company, with a market value of about US$68 billion.
- The sale of Shell’s assets in Singapore include the refinery on Bukom island, which opened in 1961, and a mono-ethylene glycol plant on Jurong island
- The buyers, Indonesia’s Chandra Asri Capital and Glencore Asian Holdings, are looking to gain a foothold in Asia’s main oil refining and trading hub
The company’s output of the key metal in EV batteries exceeded its own guidance by more than 20 per cent as it surpassed Glencore as the world’s top producer.
Sources say a Beijing visit by Australian PM Anthony Albanese is already being prepared, but they do not expect a formal invite until after Beijing’s leadership reshuffle is finalised next month.
The alleged misconduct also included exports to Japan, South Korea and India, according to a lawmaker citing thousands of documents from a whistle-blower.
Far-flung French territory holds 7.1 million tonnes of high-grade nickel vital for making lithium-ion batteries to power electric vehicles.
Military says soldiers are to ward off illegal miners but watchdog group says move is dangerous and could be counterproductive.
A group led by China Minmetals is nearing an agreement to purchase Glencore Xstrata's Las Bambas copper project in Peru for more than US$5 billion, according to people with knowledge of the matter.
Glencore Xstrata and China's Australian Indigenous Resources have submitted proposals to Australia's Queensland government to develop the Aurukun bauxite project in the northeastern state.
Glencore Xstrata, the global commodity trader and metals producer run by Ivan Glasenberg, expects as many as four Chinese bidders for a Peruvian copper mine that may be valued at more than US$5 billion.
Glencore Xstrata will cut up to 920 jobs and take the axe to spending at its US$5.9 billion Tampakan copper-gold project in the Philippines, one of several future mines under review since the company was formed in a record-breaking takeover.
Glencore Xstrata's head of aluminium, Gary Fegel, is set to leave the company, sources said, the first high-profile departure since commodity trading giant Glencore closed its purchase of miner Xstrata this month.
John Bond, the chairman of Glencore Xstrata, the world's largest exporter of power-station coal, was deposed by his shareholders yesterday, with the former chief executive of BP, Tony Hayward, appointed as interim chairman in his place.
