43 articles
A suspended Glencore executive allegedly urged Radiant World to avoid email communications amidst a $2 billion fraud lawsuit involving iron ore and coal trading. Glencore has severed ties and accused
Glencore suspended Peter Hill, head of steelmaking raw materials, amid a review of its relationship with iron ore trader Radiant World. The move follows a $2 billion lawsuit from Radiant World and all
A Jefferies-linked fund alleges iron ore trader Radiant World holds only $10,000 in cash despite reporting over $200 million, triggering freezing orders and fraud investigations involving major trader
Radiant World and ten other companies sued London-listed miner Glencore in Singapore over a decade-long commercial relationship, seeking damages exceeding $2 billion. Radiant World denies wrongdoing,
Guinea is exploring alumina refining and energy investments with Glencore following a $300 million bauxite agreement, aiming to diversify export markets beyond China while developing domestic processi
Former Glencore oil head Alex Beard pleaded not guilty to UK bribery charges concerning West African operations. Five other ex-executives also denied charges, with all six set to stand trial in Octobe
Rio Tinto has agreed to acquire the Aurukun Bauxite Project from a Glencore-Mitsubishi joint venture, subject to regulatory approval. The deal expands Rio's regional operations, though Traditional Own
UK mid-cap stocks fell to a one-month low amid soaring gilt yields and inflation fears. Oil prices rose near $95 per barrel while industrial metal miners like Rio Tinto and Glencore declined due to ge
Argentina and Chile are advancing a revived mining treaty to unlock $20.7 billion in investment and boost copper production by sharing infrastructure across the Andes. Key projects include McEwen Copp
A Glencore-backed consortium led by a Texas billionaire has bid for Cuba-focused nickel miner Sherritt International amidst US sanctions. Legal disputes and supply shortages threaten operations as com
Mining executives from Glencore, Anglo American, and Rio Tinto indicate that despite heightened regulatory scrutiny on critical minerals, M&A activity remains viable, though valuation remains a larger
South Korea's Export-Import Bank will provide $1 billion in loans to Glencore in exchange for secured copper supplies to meet rising demand from AI and renewable energy sectors.
A consortium led by Glencore has proposed a rival rescue deal for troubled Canadian miner Sherritt International, offering control over its nickel and cobalt operations. This bid counters an alternati
Glencore faces over $500 million exposure to iron ore trader Radiant World after trading halted due to document issues. Industry sources warn of potential ripple effects across commodity and financial
London's stock indexes paused as investors awaited UK GDP data, with oil prices rising amid Strait of Hormuz tensions. Mining giant Glencore gained on strong results, reflecting broader commodity mark
Glencore reported a first-half net profit increase exceeding $5 billion amid volatile oil and gas markets driven by geopolitical tensions. The commodity trader capitalized on supply disruptions in key
Glencore plans a secondary listing in Australia to access institutional capital for copper expansion and potential M&A. The move aims to broaden its shareholder base and support production growth targ
Glencore's energy trading profits surged 66-fold to $2.66 billion in H1 2026, driven by Iran war-induced market turmoil. Trading volumes rose 24% as crude and LNG prices hit record highs amid disrupte
The FTSE 100 rose, driven by Glencore's strong earnings and gains in mining stocks as copper prices climbed. Oil prices also increased amid hopes for a U.S.-Iran peace deal.
Glencore reported an 86% surge in first-half core earnings to $10.1 billion, driven by record copper prices and strong trading. It plans to return $1.5 billion to shareholders and pursue an Australian
India's HPCL purchased two million barrels of Nigerian crude from Glencore for its Rajasthan refinery, with deliveries scheduled for late September.
Rio Tinto executives confirm no immediate plans to resume takeover talks with Glencore after a six-month standstill expired. CEO Simon Trott prioritizes cost cuts and asset sales over the previously c
Major commodity traders Vitol, Cargill, and Glencore suspended business with iron ore trader Radiant World following allegations of falsified documents, prompting banks to review exposures worth hundr
Glencore secures processing contract for Germany's Wilhelmshaven oil refinery, replacing Hartree and expanding its European fuel portfolio after acquiring FincoEnergies.
Glencore reported a first-half trading profit of $3.3 billion, driven by geopolitical conflicts disrupting global energy and metal markets. The company is on track for its best year ever, nearing its
Glencore and Hartree Partners plan to withdraw lead from LME warehouses as inventories hit record highs. Sources indicate actions may involve physical delivery or storage rent deals, influencing marke
A Dutch court rejected Glencore's attempt to privately buy back its logistics unit Access World Group, citing valuation issues and conflict of interest, potentially forcing a public auction.
Congolese tax authorities sealed Glencore’s Kamoto Copper offices amid a payment dispute involving billions of dollars. While production remains unaffected, the conflict highlights ongoing fiscal tens
DRC regulators mandate cobalt miners surrender unused first-half export quotas to strategic reserves. This policy impacts major producers including CMOC Group, Glencore, and Eurasian Resources Group.
Glencore scrapped plans to cut 1,500 jobs at its South African ferrochrome unit following regulatory approval of discounted electricity tariffs. The 54% power cost reduction supports stabilizing opera
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