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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]
In April 2012 it was reported that Glasenberg held more than 15 per cent of Glencore's stock, placing him as the 20th richest mining billionaire, with Forbes estimating his net worth at US$7.3 billion. [11] In December 2020, Glasenberg announced that he will be retiring in 2021 thus stepping out of the CEO position after nearly 20 years.
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.
At the time of the Glencore's March 2012, back-to-back purchase-and-agreement of Viterra's assets to Agrium, which paved the way for Glencore's purchase of Viterra, in December 2012, Viterra was generating "$2.4-billion in revenue and $244-million in EBITDA" and operated a "network of 258 agri-products retail locations throughout Western Canada ...
The project was initiated as a joint venture between Murrin Murrin Holdings Pty Ltd, a wholly owned subsidiary of Anaconda Nickel Limited (whose share was 60%) and Glenmurrin Pty Ltd, a wholly owned subsidiary of Glencore International AG, which had a 40% share. [2] In 2003 Anaconda changed its name to Minara Resources Limited.
After Mount Isa Mines successfully introduced the IsaMill, the fine grinding necessary for mineral liberation was available for McArthur River to be developed. This unusual mineralogy combined with the ore's relatively high lead levels makes the lead and zinc virtually inseparable prior to smelting, and there are very few smelters which can ...
Glencore sold Merope in April 2017 but before that, it was 100% owned by Glencore Finance (Bermuda) Ltd, which was, according to a document from the Paradise Papers leaks, 100% owned by Glencore Group Funding Ltd of the United Arab Emirates, an entity in turn 100% owned by Swiss firm Glencore International AG, itself a wholly owned subsidiary ...