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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]
Glencore The Newlands Coal Mine is a coal mine located in the north of the Bowen Basin at Newlands about 28 km northwest of Glenden in North Queensland , Australia. The mine has coal reserves amounting to 413 million tonnes of low ash steaming coal , one of the largest coal reserves in Australia and the world.
The mine is operated by Glencore Australia and owned by Queensland Coal, Nippon Steel Australia, Marubeni Coal and Sumisho Coal Development. [2] Resources at the site were originally discovered in 1968. [3] Construction of the Hail Creek mine began in 2001. [4] Production at the open-cut mine began in 2003. [4]
Glencore (OTC:GLCNF) has decided not to spin off its coal business. Following an acquisition of Teck's (NYSE:TECK) coal assets, most shareholders preferred maintaining the lucrative unit. Glencore ...
The Rolleston Coal Mine is an open-cut coal mine located in Central Queensland, Australia, with reserves amounting to 600 million tonnes of thermal coal. The mine has an annual production capacity of 14 million tonnes. [1] It is one of numerous coal mines in the Bowen Basin. The mine is wholly owned by Glencore. [2]
Gary Nagle (born 1975) is a South African business executive, and the CEO of Glencore. Nagle earned degrees in commerce and accounting from the University of the Witwatersrand , South Africa. [ 2 ] He qualified as a chartered accountant in South Africa in 1999.
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.
In 2017, Glencore paid $534 million to buy a 31% stake in Mutanda from Dan Gertler's Fleurette group. This deal valued the 31% stake at $922 million, since it also involved the settlement of several hundred million dollars of loans Fleurrette owed to Glencore. Glencore now claims 100% ownership of the Mutanda mine. [25]