
Glencore, led by Gary Nagle, sets date to shut Mount Isa Copper Mine
Located in north-west Queensland, the mine has been a vital part of Australia’s mining landscape for over a century.
Located in north-west Queensland, the mine has been a vital part of Australia’s mining landscape for over a century.
The funds will go toward installing new equipment at Astron Energy’s 100,000-barrel-per-day crude oil refinery near Cape Town.
Despite the topline growth, adjusted EBITDA dropped 16 percent to $14.4 billion, weighed down by lower energy coal prices.
The legal dispute underscores escalating tensions in global LNG markets, as suppliers and traders grapple with post-2022 contract enforcement challenges.
His holdings have declined by £647.19 million ($817.53 million) in the past month as Glencore’s stock fell under market pressure.
Glencore’s review comes amid mounting concerns over the attractiveness of the LSE, where UK equities have traded at a persistent discount.
This marks a partial recovery after a challenging year in which his stake dropped by nearly $2 billion.
Glencore and Rio Tinto are in advanced talks for a merger that could reshape the global mining sector, rivaling industry leader BHP Group.
Glencore Plc, led by South African executive Gary Nagle, reviews two bids for its 49% Koniambo Nickel SAS stake after site visits.
The steep decline underscores the challenges confronting Glencore and its investors as the company grapples with market volatility and shifting global demand.
Glencore's share price slump wipes out $1.9 billion from Ivan Glasenberg's stake.
This underscores Glencore’s ambition to deepen its presence in strategic energy markets, further diversifying its expansive portfolio.
The project aims to decarbonize South Africa’s industrial sector by supporting renewable energy goals and reducing emissions.
The initiative aims to boost copper output from lower-grade ore in response to rising global demand for the metal, which is vital for renewable energy technologies.