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Posts related to ‘Glencore’

Mining

Glencore Xstrata Top Management Shakeup

Posted: May 16, 2013 at 9:30 am

Just two weeks ago, the $76 billion merger was completed that created London-traded Glencore Xstrata. Today, shareholders shook up the company’s board of directors by booting chairman John Bond and ...
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China

China OKs Glencore-Xstrata Merger

Posted: April 17, 2013 at 7:45 am

Swiss-based commodities trading house and mining company Glencore International announced last night that it has received approval from China’s Ministry of Commerce for its merger with Xstrata. The Chinese government ...
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Oil pumpjack

Commodities Trading Needs to Shape Up

Posted: April 16, 2013 at 10:40 am

Over the past 10 years the world’s largest commodities trading houses have racked up nearly $250 billion in profit. That is more than the net profit of Goldman Sachs Group ...
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close-up of red hot iron beams

Commodity Alchemy: Turning Gold into Lead

Posted: March 11, 2013 at 1:08 pm

When the commodity traders at Goldman Sachs Group Inc. (NYSE: GS) say that commodities may be oversold right now they exclude gold from the rest of the asset class. In ...
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iran map

Glencore May Have Aided Iran Nuclear Program — Reuters

Posted: March 1, 2013 at 8:05 am

For more than a year now, the big story about Glencore International Ltd. has been its effort to take over mining company Xstrata. But an exclusive report at Reuters today ...
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underground mining

Glencore’s CEO Weighs In on Mining’s Future

Posted: February 26, 2013 at 10:50 am

We have already covered the sea change that is washing over the mining industry. Where past practice has been to invest heavily in new assets with the strategy that growth ...
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Update 2: Xstrata OKs Glencore Deal Minus Retention Package

Posted: November 20, 2012 at 10:38 am

As far as shareholders are concerned, the merger between Glencore International and Xstrata plc is now in the books. Xstrata shareholders approved the $31 billion merger agreement without the retention ...
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Update: Xstrata Nixes Glencore Merger, Another Vote to Come

Posted: November 20, 2012 at 10:12 am

Even though more than 99% of Glencore International shareholders voted to approve the $31 billion merger with Xstrata, the mining company’s shareholders failed to approve the deal in a vote ...
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Glencore, Xstrata Deal Nearly Completed

Posted: November 20, 2012 at 7:23 am

Shareholders of Swiss-based Glencore International have voted overwhelming to support the company’s $67 billion merger with miner Xstrata. At a meeting this morning, more than 99% of Glencore’s shareholders voted ...
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Glencore Makes Best and Final Offer for Xstrata

Posted: September 10, 2012 at 8:50 am

Commodities trading giant Glencore International has presented its final offer for mining giant Xstrata and it is substantially the same as the preliminary offer Glencore made on Friday, just before ...
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Commodities Watch: Commodity Prices Falling Everywhere; Glencore IPO Fully Subscribed (SLV, GS)

Posted: May 5, 2011 at 2:02 pm

Today's commodity news focuses on the dramatic decline virtually across the board in commodity prices. There's also news on the Glencore IPO and on a big corn buy from China. ...
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Commodities Watch: Glencore Gets Taste of Public Scrutiny; Weather Pushing Corn, Wheat Prices

Posted: April 26, 2011 at 1:48 pm

Today's commodities news leads off with a revelation on how the world's largest commodity trader makes some of its profits and follows with a weather report that could push grain ...
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Commodities Watch: Corn, Cattle Futures Booming; Ethanol Makers Could Give Up Federal Tax Credit (SWY, KR, WMT, WEN, JACK, MCD, YUM, C, CS, MS)

Posted: April 1, 2011 at 2:01 pm

It's time for our daily look at commodity prices and developments that will carry over ahead in commodities. Corn and cattle prices top today's news and these both have many ...
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Today’s Best Market Rumors (3/10/2011) Glencore IPO

Posted: March 10, 2011 at 8:32 am

Updated throughout the day. Glencore's IPO has been approved by Hong Kong regulators (Reuters) Aol (NYSE: AOL) will lay off several hundreds employees this week (AllThingsD) Douglas A. McIntyre ...
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Today’s Best Market Rumors (11/18/2010) Blackberry Sales

Posted: November 18, 2010 at 8:49 am

Updated throughout the day. Ireland's banks will get loans from the IMF and EU. (Reuters) Glencore may have an IPO next years (Reuters) Research In Motion (NASDAQ: RIMM) has sold ...
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