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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.
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.
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 ...
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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.
The base closure cost the community over 700 civilian jobs, but half of these were recovered through the adaptive reuse of the former base, such as United States Post Office's utilization of the base in the late 1990s as an airport hub during the holidays, some of the base housing being converted by Westminster Village of the Mid-South for a ...
The mine is wholly owned by Glencore. [2] Xstrata acquired it from Mount Isa Mines in 2003, proceeded with development, [3] and began mining operations in 2005. [3] Glencore merged with Xstrata in 2013. Winfield Energy acquired the 12.5% interest formerly held by Itochu in February 2019.