Search results
Results from the WOW.Com Content Network
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 offered 2.8 new shares for each Xstrata share in agreed all-share "merger of equal". It is the biggest mining takeover ever, and after approval would create an entity with 2012 sales of US$209 billion. [ 48 ]
Glencore's shutdown of its Mutanda mine has jeopardized global supplies and could significantly hurt electric vehicle makers. Cobalt Prices Soar After Glencore Announces Shutdown of Key Mine Skip ...
It was told Glencore made nearly £28 million from its bribes via an agent in Ivory Coast between July 2011 and April 2016. The court was also told the firm failed to prevent bribery in Equatorial ...
The drilling program was curtailed in 1957 due to a fall in metal prices and heavy capital expenditure in the existing operations. [15] To ensure adequate supplies of coal for its power station, which supplied both MIM's operations and the city of Mount Isa, MIM bought a controlling interest in Bowen Consolidated Coals Mines Limited in 1951. [16]
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.
The business collapsed as more people began to be unable to meet mortgage obligations. After a stock price high of $172 a share, it was bought by JP Morgan for $2 a share on 16 March 2008, with a $29bn loan facility guaranteed by the US Federal Reserve. Northern Rock: United Kingdom: 22 Feb 2008: Banking
Glencore's initial plan to divest its coal business stemmed from environmental considerations. However, 95% of shareholders participating in the consultation advocated for retaining the coal and ...