What does glencore do

Contact Info Baarermattstrasse 3, P. Box Switzerland. Executive Leadership Kalidas V. Steven Kalmin Chief Financial Officer. John Burton Company Secretary. Key Stats 2. Return on Investment TTM. Return on Equity TTM. Latest News Latest News. Buy a coal mine, get a bonus: Glencore makes fortune on Colombian deal For investors seeking to burnish sustainable portfolios, coal mines are an anathema. China's Rongsheng buys first condensate cargoes for Dec delivery -sources China's Rongsheng Petrochemical has bought its first condensate cargoes for its mega refinery to be delivered in December, trade sources said on Thursday.

Glencore's Peru mine says won't proceed with Coroccohuayco project in near-term Glencore's Antapaccay copper mine in Peru said on Thursday that it does not plan to execute this year or next its Coroccohuayco project that has caused nearby residents to protest and block the road used to transport its copper.

UPDATE 1-Peru community says it won't end Glencore mine blockade until demands met An indigenous community in Peru's Espinar province that blocked a key mining road on Wednesday plans to continue the blockade indefinitely, a local leader said, in protest against the government and Glencore PLC's Antapaccay copper mine. Exclusive-Commodity traders face big margin calls as gas prices soar The world's top commodity trading houses are being told by brokers and exchanges to deposit hundreds of millions of dollars in extra funds to cover their exposure to soaring gas prices, seven sources with direct knowledge of the matter told Reuters.

Nearly 70 million metric tons of coal thermal coal mainly and some 1. Through the merger with Xstrata , Glencore significantly strengthened its mining and metals segment. Thus, the amount of gold sold increased from , ounces in to up to two million ounces in This text provides general information.

Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text. Glencore's global ranking among cobalt producers. Glencore's ranking among the leading mining companies based on market capitalization. Glencore's global ranking among copper producers. Key financial figures Glencore's revenue. Production Glencore's silver production.

Interesting statistics In the following 5 chapters, you will quickly find the 26 most important statistics relating to "Glencore". In being responsible miners, we are committed to supporting those communities around us and championing quality education for local people. Through our partnership with the Wildlife and Environment Society of South Africa WESSA we support 17 eco-schools, providing young people with high-quality and sustainable learning opportunities.

Protecting crucial infrastructure and supporting the construction of a more sustainable world. The commodities we produce are integral into preserving our existing built environment while ensuring the cities of tomorrow are pillars of the CircularEconomy. Safety at work should never come down to luck. That's why we work hard to establish a strong work safety culture, using technology and PPE to keep our employees safe onsite and committing to open communication to ensure everyone arrives at work ready, and goes home safe at the end of the day.

Latest news All news. As a blue-chip name it would be able to compete against BHP Billiton and Rio Tinto for some of the biggest deals around. Other majors would likely regard ENRC, which focuses on emerging nations including Congo, as too risky. But a listing would also bring a host of issues to grapple with. People in the industry point out that traders who have accumulated large fortunes without any public attention may prefer to keep working in a private environment -- perhaps at a competitor, or a trading house they set up themselves.

There are other risks in exposing a secretive, agile business to the scrutiny of public ownership. Glasenberg can be affable to those he knows, but he cherishes his privacy and dreads the day an IPO will force him to step into the limelight, industry sources say.

The firm would also need to appoint independent directors to its board, and would likely search for a chairman with top credentials in financial circles but no existing links to Glencore. A big part of that would be the requirement to publicly share information that Glencore now gives only to its banks and bond investors.

Could the glare of a public listing be less dramatic than some fear? Gavin Hayman, director of campaigns at activist group Global Witness, says information disclosed as a result of an IPO could help environmental and corruption campaigners keep track of what Glencore is doing in far-flung corners of the globe. Mopani says it has already significantly improved environmental performance since privatization, and is following a clear and agreed plan to make further progress.

Xstrata had to pay the fines during its temporary ownership in , but said the violations occurred before it took over. Prodeco said the violations themselves took place years earlier, before it acquired and ran the network of mines.

Xstrata, like many major mining groups, has experience in meeting demands for tough green standards and says it put in place an environmental management system at Prodeco before handing the mines back to Glencore in early In Ecuador, the current government has tried to reduce the role played by middle men such as Glencore with state oil company Petroecuador, says Fernando Villavicencio, a Quito-based oil sector analyst.

It won almost all the contracts it competed for. They signed contracts with apparently low differentials, only to renegotiate the contracts in the middle of their terms, arguing that their costs had risen. Petroecuador usually went along with it. Tenders such as those in Ecuador are public and subject to extensions and negotiations which are expressly written into contracts, according to Glencore.

To ready it for public life, Glencore is preparing a sustainability report to bring it into line with mining majors and using Finsbury, a public relations firm whose clients include Royal Dutch Shell and Rio Tinto, for strategic advice. Former Shell spokesman Simon Buerk has been taken on to reinforce in-house communications.

But no matter what Glencore does, some investors will steer clear. As Glencore ponders a float, Katanga Mining is reaping the benefit of the surging markets and its wealthy, powerful owner.