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Glencore plc is a Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. Glencore's oil and gas head office is in London and its registered office is in Saint Helier, Jersey. By some estimates, it is the world's largest commodity trader, [4] and among the world's largest companies. [5] [6] [7]
Marc Rich (born Marcell David Reich; December 18, 1934 – June 26, 2013) was an international commodities trader, financier, and businessman.He founded the commodities company Glencore, and was later indicted in the United States on federal charges of tax evasion, wire fraud, racketeering, and making oil deals with Iran during the Iran hostage crisis.
Switzerland has a large economy and highly skilled labor force. Fifteen Swiss companies are included on Fortune's "Global 500" list (in 2011).As of 2018 the largest non-financial companies in terms of annual revenue were Glencore, Vitol and Trafigura, with Nestlé as the largest employer.
Glencore is the corporate successor to Marc Rich & Co AG. [9] In September 2011, using his own dividends, Glasenberg started buying a larger share of Glencore, buying up to an additional US$ 54 million of Glencore stock. [10]
Mining and commodity giant Glencore is looking to add lithium to the suite of metals it trades, as the raw material is in hot demand due to the rapidly growing production of electric vehicles (EVs ...
During his tenure Glencore substantially increased their global business to trade over 5Mb per day of crude and products. Beard also created the RussNeft joint venture for production in Russia as well as invested in shipping, refining and storage assets. In June 2019, it was announced Beard would step down as the head of Glencore's oil division ...
On 2 May 2013, Xstrata merged with Glencore to form Glencore Xstrata plc; [56] and on 20 May 2014, Glencore Xstrata changed its name to Glencore plc. [57] In October 2023, it was announced that all copper mining operations would cease by 2025. [58] The closure was attributed to low-quality ore and was expected to affect 1,200 employees. [58]
Cerrejón is a large open-pit coal mine in Northern Colombia owned by Glencore.At Cerrejón, low-ash, low-sulphur bituminous coal from the Cerrejón Formation is excavated. . At over 690 square kilometres (270 sq mi) the mine is one of the largest of its type, the largest in Latin America and the tenth biggest in the wor