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Glencore's share price has been underperforming its peers since the middle of last year, when the U.S. Department of Justice demanded documents about Glencore's business in the Democratic Republic ...
Glencore's initial plan to divest its coal business stemmed from environmental considerations. ... risk pathway to creating value for Glencore shareholders today," stated Chairman ... Stock Market ...
Noranda had bought 19.9% of rival mining company Falconbridge in 1988, which was raised to a 58.4% stake in 2002. In 2004 China Minmetals was interested in buying Noranda, and completed negotiations with the Noranda board in October 2004 with a sale price of $6.7 billion, which caused the Canadian federal government to review its foreign investment policy.
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]
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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.
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In September 2023, Glencore announced it was planning to pull out completely from the deal with SMSP to operate Koniambo, unless the fortunes of the mine changed by February 2024, in a period of low nickel prices. They cited their large investment to date with insufficient returns.