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Tuesday, October 22, 2019

Tag: glencore

At least 36 killed in collapse at Glencore mine in Congo

The mine collapse is caused by artisanal diggers who flooded the mine and engaged in anarchic exploitation.

Norway fund may have to offload $1 bln stake in Glencore...

This comes as the Norwegian parliament agrees to no longer invest in companies that mine more than 20 million tonnes of coal annually.

UK company complains to LME about access to metal in Malaysia

London-listed Glencore bought 200,000 tonnes of aluminium on the LME in January and made preparations to take it from a warehouse in Port Klang.

Glencore annual net profit plunges to US$3.4 billion

Glencore's strong cash generation would allow it to pay out roughly US$2.8 billion in dividends to shareholders.

World’s biggest miners want more copper but nobody’s selling

Demand continues to increase as cities expand and electric vehicles gain traction but nobody who owns a copper mine is willing to sell.

Glencore announces US$1 billion share buyback days after probe

The announcement comes two days after US authorities demanded documents relating to possible corruption and money laundering regarding Glencore’s business over the past decade.

Glencore slumps as US orders documents in corruption probe

The world’s biggest commodity trader said Tuesday that it’s been subpoenaed by the US Department of Justice to hand over documents related to the Foreign Corrupt Practices Act and US money laundering statutes.

Glencore unit gets US subpoena on compliance with money-laundering laws

Shares in Glencore, a major exporter of Nigerian and Venezuelan crude, fell more than 10% in early London trade. The company was the top loser on the British bluechip index.