Sector: Basic Materials
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Glencore plc (JSE:GLN) is one of the world's largest globally diversified natural resource companies. Founded in the 1970s as a trading company, Glencore has grown to become a major producer and marketer of commodities - employing 160,000 people around the world.
The Company's operations comprise around 150 mining and metallurgical sites and oil production assets and its purpose is to responsibly source the commodities that enhance everyday life. Glencore fulfils its purpose by delivering on its strategy to be active at every stage of the commodity supply chain. Diversity by geography, product and activity, maximises the value the company creates for its business and its diverse stakeholders.
Metals and Minerals
Including copper, cobalt, nickel, zinc and lead, ferroalloys, aluminium/alumina, iron ore, gold and silver view more
Energy Products
Such as thermal coal and crude oil, oil products and natural gas view more
Marketing
Physical sourcing of commodities and products from its global supplier base and selling to customers all over the world view more
Semi-Annual values ($m)
Change (y/y)
FCF ($m)
Net Debt / Cash and Equivalents ($m)
EV / EBITDA
Potential dynamics
Transnet has a turnaround plan to ease port and rail snarl-ups that have hamstrung the economy. It just needs money.
2023-11-24 07:02 +02:00
South Africa’s supply of natural gas is set to plunge within the next three to four years.
2023-11-17 07:23 +02:00
South Africa will name a new Eskom CEO by the end of the year, public enterprises minister Pravin Gordhan said.
2023-10-06 08:47 +02:00
Government incompetence has left critical infrastructure in tatters, forcing companies to step into the breach.
2023-07-21 09:21 +02:00JSE:GLN JSE:AGL JSE:SBK JSE:NED JSE:DSY JSE:INP JSE:INL JSE:TBS JSE:PIK JSE:AVI JSE:MPT JSE:ARH JSE:ISA
Fixing South Africa’s broken utility and its rickety power system is proving a crucial test for the ANC ahead of elections in 2024.
2022-09-27 19:12 +02:00JSE:GLN JSE:AGL JSE:ABG JSE:MNP JSE:AVI JSE:MPT JSE:EMN JSE:EMH
President Cyril Ramaphosa is racing to make an announcement as soon as Sunday that could include a plan to ramp up investment by the private sector.
2022-07-15 13:14 +02:00
Anglo American has unveiled the world’s biggest green-hydrogen powered truck at a platinum mine where it aims to replace a fleet of 40 diesel-fuelled vehicles.
2022-05-06 08:10 +02:00
A group representing the biggest electricity consumers in South Africa have appealed for more predictable power price increases.
2022-01-23 11:44 +02:00
The SIU is going after members of the Gupta family, and former Eskom executives, board members and other associates in an effort to recoup R3.8-billion that the power utility lost when the Gupta family acquired Optimum Coal.
2020-08-03 15:21 +02:00
Less than a month into 2020, South African companies have already announced thousands of job cuts. In a country where a third of the labour force is already unemployed, this will put even more strain on economic growth.
2020-01-22 06:17 +02:00
A new lawsuit is accusing several of the world’s largest technology firms of knowingly profiting from children labouring under brutal conditions in African cobalt mines.
2019-12-18 07:39 +02:00Thungela Resources, South Africa`s largest shipper of thermal coal burned in power stations, said its shipments of the fuel have not been impacted by a workers` strike at the country`s key coal export hub.
2023-10-02
South Africa`s Sibanye Stillwater plans to bring in a Chinese investor to form a partnership if it wins its bid to buy Zambia`s Mopani Copper Mines, its Chief Executive Neal Froneman told Reuters.
2023-08-29
Zambia`s government has shortlisted companies that have submitted binding offers for Mopani Copper Mines and wants to select a new investor by July 31, its mines minister said on Friday.
2023-07-14
A shipment of U.S. oil is headed to South Africa for the first time in two years and destined for a Glencore-owned refinery in Cape Town that has restarted operations after an explosion shuttered it in 2020, according to ship tracking data and a source.
2023-05-19(Reuters) -Canada`s Teck Resources on Monday reinforced its rejection of an unsolicited $22.5 billion bid from Glencore, saying the implied value was "an illusion" and telling shareholders its restructuring plan was the only viable option.
2023-04-10(Reuters) -Canada`s Teck Resources on Monday reinforced its rejection of an unsolicited $22.5 billion bid from Glencore, calling it "an illusion" and telling shareholders that its proposed restructuring is the only option on the table.
2023-04-10Canada`s Teck Resources on Monday doubled down on its push to reject an unsolicited $22.5 billion bid from Glencore Plc citing "fundamental flaws" in the offer and urged shareholders to instead vote for a restructuring.
2023-04-10Protesters in Colombia`s northern La Guajira province have lifted a four-day blockade of a rail line and the entrance to an export terminal used by coal miner Cerrejon, the company said on Friday.
2023-04-08JOHANNESBURG (Reuters) -Coal exports from South Africa`s Richards Bay Coal Terminal (RBCT) hit their lowest level since 1993 last year, at 50.35 million tonnes, reflecting a lack of trains to carry coal from mines to port.
2023-01-26(Reuters) -South African state-owned logistics firm Transnet has issued a veiled threat to coal exporters after failing to agree to changes to transportation contracts, following its declaration of force majeure in April.
2022-07-06
* Fails to agree with some miners on transport contract changes
2022-07-06
South Africa`s state-owned logistics firm Transnet will this month begin talks on new medium to long-term contracts and has lifted force majeure on nine coal exporters with which it had reached agreement, it said.
2022-07-06Mining companies in South Africa have resorted to trucking coal to ports to meet a surge in European demand since the war in Ukraine started, bypassing the deteriorating rail infrastructure they blame for billions of dollars in lost revenue.
2022-05-03
A 208-wagon coal train derailed in South Africa over the weekend partially shutting a rail line that links mines to the Richards Bay export terminal, state-owned freight firm Transnet said on Tuesday, hampering exports at a time of high coal prices.
2021-07-06Ivan Glasenberg is leaving Glencore shareholders and green activists with a parting climate conundrum. The South African’s final results-in-charge revealed a collapse in coal EBITDA to just $1.2 billion. Given his new-found climate conscience, Glasenberg should be celebrating. The only snag is that Glencore’s environmental pivot hinges on the black stuff sticking around for years to come.
2021-02-16After being hit by the pandemic, oil companies in South Africa are unlikely to upgrade refineries to cut sulphur emissions unless the government allows them to pass the costs on to consumers or offers other support, the South African Petroleum Industry Association (SAPIA) says.
2021-01-22As mining heavyweights South Africa and Peru move to lift coronavirus lockdowns, workers in deep mines are resisting going back to work without adequate protective gear and information about cases at sites, with one major union filing legal action against restart plans.
2020-04-28
* Miners in Congo, Zambia divert copper shipments to Dar es Salaam
2020-04-09
South African chrome firms on Monday warned of more than 1,200 potential job cuts, citing power cuts, rising electricity tariffs and increased competition from overseas.
2020-01-20
South Africa`s Northam Platinum said on Wednesday mining operations at the Kukama shaft at its Eland mine would recommence in the 2020 financial year after the conclusion of a feasibility study on the project.
2019-06-26
