Tag Archives: Glencore

Glencore Retains Coal and Carbon Steel Materials Business After Positive Shareholder Feedback

(IN BRIEF) Glencore initially proposed the demerger of its coal and carbon steel materials business following positive feedback during its acquisition approach to Teck in early 2023. However, evolving shareholder views on ESG and increased support for Glencore’s climate strategy … Read the full press release

Glencore Releases 2023 Sustainability Report Highlighting Commitment to ESG Principles

(IN BRIEF) Glencore plc unveiled its 2023 Sustainability Report, emphasizing its dedication to environmental, social, and governance (ESG) principles. The report outlines the company’s progress in various sustainability-related areas, including its approach, performance, and activities throughout the year. Case studies … Read the full press release

Hydro Completes $1.11 Billion Sale of Stake in Brazilian Alumina Refinery and Bauxite Producer

(IN BRIEF) Norwegian aluminum company Hydro has successfully concluded a $1.11 billion transaction involving the sale of a 30% interest in the Brazilian alumina refinery, Hydro Alunorte, as well as Hydro’s 5% stake in bauxite producer Mineracão Rio do Norte … Read the full press release

Teck Resources to Exit Elk Valley in Landmark $6.93 Billion Deal with Glencore, Reshaping Canadian Mining

(IN BRIEF) Glencore is set to purchase a 77% effective interest in Teck Resources Limited’s steelmaking coal business, Elk Valley Resources (EVR), for $6.93 billion in cash. The deal includes NSC’s and POSCO’s interests in EVR. Upon completion, EVR will … Read the full press release

Glencore Reports 2023 Q3 Production: Adjusts Nickel and Ferrochrome Forecasts Amidst Challenges

(IN BRIEF) Glencore, a global mining and commodities company, released its Third Quarter 2023 Production Report. The report highlights the company’s performance over the first nine months of the year, emphasizing that copper, coal, and zinc assets met expectations and … Read the full press release

Glencore to Acquire Majority Stake in Argentina’s MARA Project from Pan American in $475 Million Deal

(IN BRIEF) Glencore International AG (Glencore) and Pan American Silver Corp. have agreed for Glencore to acquire the 56.25% stake in the MARA Project located in Argentina from Pan American. The deal involves Glencore paying $475 million in cash and … Read the full press release

Glencore Completes Sale of Cobar Copper Mine to Metals Acquisition Corp

(IN BRIEF) Glencore, a global mining and commodities trading company, has completed the sale of its 100% interest in Cobar Management Pty Ltd (CMPL), the owner of the Cobar copper mine in New South Wales, Australia, to Metals Acquisition Corp … Read the full press release

Glencore plc Releases 2022 Sustainability Report, Demonstrating Commitment to ESG Initiatives

(IN BRIEF) Glencore plc has released its 2022 Sustainability Report, which is now available on its website. The report encompasses the company’s environmental, social, and governance (ESG) initiatives and aligns with global reporting standards and principles. It focuses on material … Read the full press release

Glencore joins Alunorte, MRN joint ventures with Hydro after stake acquisition

(IN BRIEF) Glencore has agreed to acquire a 30% stake in Alunorte and a 45% stake in Mineracão Rio do Norte from Norsk Hydro for a combined equity value of approximately USD 775 million. Completion of the transaction is expected … Read the full press release

Glencore updates on its AGM climate vote shareholder consultations

(PRESS RELEASE) BAAR, 28-Oct-2022 — /EuropaWire/ — Glencore (LON: GLEN), an Anglo-Swiss multinational commodity trading and mining company, has announced an update on its AGM climate vote shareholder consultation as well as the views received and actions taken. Earlier this … Read the full press release

Glencore actualiza sus consultas de accionistas sobre el voto climático de la Junta General de Accionistas

(COMUNICADO DE PRENSA) BAAR, 28-Oct-2022 — /EuropaWire/ — Glencore (LON: GLEN), una multinacional anglo-suiza de minería y comercio de materias primas ha anunciado una actualización de su consulta de accionistas sobre el voto climático de la Junta General de Accionistas, … Read the full press release

Glencore and Britishvolt to establish battery recycling joint venture

(PRESS RELEASE) BAAR, 3-Feb-2022 — /EuropaWire/ — Glencore (LON: GLEN), an Anglo-Swiss multinational commodity trading and mining company, has announced that the company has established a new joint venture with main focus on battery recycling with Britishvolt, UK’s leading investor … Read the full press release

Glencore y Britishvolt establecerán empresa conjunta de reciclaje de baterías

(COMUNICADO DE PRENSA) BAAR, 3-Feb-2022 — /EuropaWire/ — Glencore (LON: GLEN), una multinacional anglo-suiza de minería y comercio de materias primas ha anunciado que ha establecido una nueva empresa conjunta centrada principalmente en el reciclaje de baterías con Britishvolt, el … Read the full press release

Glencore welcomes Kalidas Madhavpeddi to its Board of Directors

(PRESS RELEASE) BAAR, Switzerland, 4-Feb-2020 — /EuropaWire/ — Glencore appoints Kalidas Madhavpeddi as an Independent Non-Executive Director, effective immediately. Kalidas has more than 30 years of experience in the international mining industry, including most recently as the CEO of China … Read the full press release

Glencore: incidents and fatalities not linked to Kamoto Copper Company operations or activities in Kolwezi, DRC

Glencore: incidents and fatalities not linked to Kamoto Copper Company operations or activities in Kolwezi, DRC

(PRESS RELEASE) BAAR, 28-Jun-2019 — /EuropaWire/ — Glencore‘s subsidiary Kamoto Copper Company (KCC) is not connected to the incidents and the fatalities of illegal artisanal miners across its industrial mining concessions in the Kolwezi area, Democratic Republic of the Congo. … Read the full press release

Glencore will cooperate with the United States Commodity Futures Trading Commission on their investigation

(PRESS RELEASE) BAAR, 26-Apr-2019 — /EuropaWire/ — Glencore has announced it has been notified by the United States Commodity Futures Trading Commission (“CFTC”) about an investigation they are going to carry out in regard to possible violation of certain provisions … Read the full press release

Glencore: Glencore-QIA Consortium’s 14.16% stake in Rosneft sold to QIA; Consortium arrangements terminated

BASEL, 12-Sep-2018 — /EuropaWire/ — Glencore refers to the announcement on 4 May 2018 concerning the Consortium’s agreement to sell a 14.16% stake in Rosneft to a wholly owned subsidiary of QIA. This transaction has now completed. As a result of … Read the full press release

Glencore acquires 49% interest in the Hunter Valley Operations (HVO) coal mine in NSW, Australia

BAAR, 07-May-2018 — /EuropaWire/ — Glencore has completed the acquisition of a 49% interest in the Hunter Valley Operations (HVO) coal mine in NSW, following the receipt of regulatory approvals. The HVO Joint Venture (JV) with Yancoal, which owns a 51% … Read the full press release

Rio Tinto to sell its entire interests in Hail Creek coal mine and Valeria coal development project in Australia to Glencore

LONDON, 22-Mar-2018 — /EuropaWire/ — Rio Tinto has entered into a binding agreement with Glencore for the sale of its entire interests in the Hail Creek coal mine and the Valeria coal development project in Queensland, Australia, for $1.7 billion. The … Read the full press release

Glencore to acquire 26.73% of Volcan Compañia Minera S.A.A. for US$531 million

BAAR, 04-Oct-2017 — /EuropaWire/ — Glencore has concluded an agreement with certain shareholders (“Selling Shareholders”) of Volcan Compañia Minera S.A.A. (“Volcan”) pursuant to which Glencore has agreed to acquire 26.73% of the total class A common (voting) shares of Volcan at … Read the full press release

Glencore to sell Glencore Rail (GRail) coal haulage business for A$1.14 billion to Genesee & Wyoming Australia

Baar, Switzerland / Sydney, Australia, 21-Oct-2016 — /EuropaWire/ — Glencore has reached agreement with Genesee & Wyoming Australia (GWA) to sell its Glencore Rail (GRail) coal haulage business in the New South Wales Hunter Valley for A$1.14 billion. The closure of the … Read the full press release

Glencore partners with Canada Pension Plan Investment Board for the sale of 40% equity interest in Glencore Agricultural Products

Baar, Switzerland, 11-Apr-2016 — /EuropaWire/ — Glencore plc (“Glencore”) is pleased to announce that it has entered into a definitive agreement with Canada Pension Plan Investment Board (“CPPIB”) for the purchase by a wholly owned subsidiary of CPPIB of a 40% … Read the full press release

Glencore and Queensland Government finalised new environmental licensing conditions allowing Mount Isa Mines Copper Smelter to operate until end of 2022

Baar, Switzerland, 13-11-2015 — /EuropaWire/ — Glencore and the Queensland Government have finalised new environmental licensing conditions which allows the Mount Isa Mines Copper Smelter to operate to the end of 2022. As a result, we are proud to announce that the Mount … Read the full press release

Glencore joined the Plenary of the Voluntary Principles on Security and Human Rights (Voluntary Principles)

Baar, Switzerland, 20-3-2015 — /EuropaWire/ — Glencore is pleased to announce that on 18 March 2015 it joined the Plenary of the Voluntary Principles on Security and Human Rights (Voluntary Principles). The Voluntary Principles were established in 2000 and provide … Read the full press release

Rio Tinto confirms no discussions taking place with Glencore

The board of Rio Tinto notes the recent press speculation regarding a possible combination of Rio Tinto and Glencore. The Rio Tinto board confirms that no discussions are taking place with Glencore. In July 2014, Glencore contacted Rio Tinto regarding … Read the full press release

Glencore completes sale of its interest in Frieda River Project in Papua New Guinea to PanAust Limited

Baar, Switzerland, 29-9-2014 — /EuropaWire/ — We refer to Glencore plc’s (“Glencore”) announcement on 31 October 2013 relating to the execution of a share sale agreement (“SSA”) with PanAust Limited (“PanAust”) for the sale of its interest in the Frieda River … Read the full press release

Glencore completes sale of Las Bambas copper mine project to consortium owned by MMG Limited, GUOXIN International Investment Corporation Limited and CITIC Metal Co., Ltd.

Baar, Switzerland, 4-8-2014 — /EuropaWire/ — We refer to Glencore plc’s (“Glencore”) announcement on 22 July 2014 relating to the sale of its entire interest in the Las Bambas copper mine project to a consortium owned 62.5% by MMG Limited, 22.5% … Read the full press release

Glencore Xstrata plc announced it signed USD 17,340 million Revolving Credit Facilities

Baar, Switzerland,  5-7-2013 — /europawire.eu/ — Glencore Xstrata plc (“Glencore”) is pleased to announce the signing of revolving credit facilities (the “Facilities”) for a total amount of USD 17,340 million. The Facilities are for general corporate purposes and replace the previous … Read the full press release