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glencore News

Op-Ed: Investors call the shots in corporate climate change policies

Sydney - Recent legal judgments and investor pressure are effectively neutering the endless irresponsible corporate excesses in the environment. The question now is whether serial deniers of the risks of pollution and emissions can understand why.

Glencore CEO quits Rusal board after US sanctions

Zurich - Swiss mining mammoth Glencore said Tuesday its chief Ivan Glasenberg had resigned from the board of Russian aluminium giant Rusal after it was hit with US sanctions and saw its share price collapse.

Glencore makes new bid for Rio's Australia coal assets

Sydney - Rio Tinto said on Monday that Swiss commodities giant Glencore has upped its offer for the firm's Australian coal assets, raising the stakes in a bidding war with China-backed Yancoal.

Op-Ed: Egypt buys oil from rival National Oil Company

Tripoli - International oil companies so far have dealt only with the National Oil Company(NOC) based in Tripoli that has maintained a position of neutrality between the two regimes.

Op-Ed: Tobruk government may sabotage huge Glencore deal with NOC

Tobruk - Before the rebellion against Gadaffi, Libya was pumping 1.6 million barrels of oil a day. Now, it is pumping about one quarter of that amount with new problems constantly popping up.

Op-Ed: Dell's deal, Anheuser Busch's Miller offer and more

The Dell deal is the largest in tech history, and it may be the biggest tech deal in terms of debt. Dell will add about $50 billion in debt to complete its proposed acquisition, bringing the closely held company’s total debt to about $60 billion.

Op-Ed: What if no one wants to run for Speaker of the House?

Apollo Education Group (APOL), the parent company of The University of Phoenix has released information that the Department of Defense has suspended the university from recruiting military students.

China's MMG confirms in talks to acquire Glencore mine in Peru

Hong Kong - MMG Ltd, the overseas arm of Chinese state-owned Minmetals, confirmed Wednesday it was in talks with mining giant Glencore Xstrata to buy its Las Bambas copper mine project in Peru.But Australia-based MMG admitted there was no guarantee a deal could be...

Glencore Xstrata posts $7.4 bn loss for 2013 on massive writedowns

Z - Mining giant Glencore Xstrata plunged deep into the red in 2013 with a net loss of $7.4 billion (5.3 billion euros) from a profit of $1 billion a year ago, after booking massive writedowns related to its merger.The group said in an earnings statement T...

Mining giant Glencore Xstrata says copper output rises 26%

Z - Mining giant Glencore Xstrata said on Tuesday that its copper production rose by 26 percent in 2013 from output the previous year, reaching 1.5 million tonnes.Copper is a key measure of the health of the commodities sector, and the Swiss-based group sa...

Glencore Xstrata 'to pull out' of Philippine mining project

Manila - Swiss mining giant Glencore Xstrata is expected to pull out of a $5.9 billion gold-copper mining project in the Philippines, its Australian partner Indophil said.

Review: 'Why Poverty?' Special

The BBC is currently broadcasting a series that asks this perennial question. The consensus so far appears to be that multinationals are the bad guys. But are they?

Global commodities trading company: 'Drought good for business'

Criticism is mounting against one of the world's most well-recognized commodities trading companies after Glencore declared the global drought and food crisis is a "good" business opportunity.
 

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