Metals and Mining
Company Overview of Glencore Plc
Glencore plc engages in the production, processing, refinement, transport, storage, marketing, and supply of commodities worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in mining, smelting, refining, and warehousing operations of copper, zinc, lead, alumina, aluminium, ferroalloys, nickel, cobalt, and iron ore. The Energy Products segment activities include coal mining and oil production operations; and investments in handling, storage, and freight equipment and facilities. The Agricultural Products segment engages in the farming, processing, handling, storage, and port facilitating of whea...
PO Box 777
Founded in 1974
Key Executives for Glencore Plc
Chief Executive Officer, Executive Director and Member of Health, Safety, Environment & Communities Committee
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2015.
Glencore Plc Key Developments
Essar In Confirmed Talks With Investors Over 24% Stake Sale
Jul 24 16
Essar Oil Ltd. is seeking to sell 24% stake in Essar. The promoters of Essar Oil Ltd. are in advanced talks with Trafigura Group Pte. Ltd., Vitol Holding B.V., Mercuria Energy Group Holding SA and Glencore Plc (LSE:GLEN), according to Prashant Ruia, Essar Group Chief Executive Officer.
Essar Oil In Talks With Overseas Oil Trading Firms To Sell 23.5% Stake
Jul 15 16
Essar Oil Ltd. is in talks with overseas oil trading companies to sell 23.5% in the Essar, according to two people aware of the development. “They are in talks with several international oil trading companies including Trafigura Group Pte. Ltd., Glencore Plc and others,” said one of the people cited above, requesting anonymity as the talks are private. The refiner is expected to sell 49% to OAO Rosneft of Russia and about 23.5% to oil trading companies such as Glencore and Trafigura in a deal that is expected to close by the end of this month or early next month, the first person said. “At a later stage, the promoter group might also look to exit fully,” said the second person. The person did not disclose details of issues regarding valuations. Essar Oil declined to comment on the names of the international oil trading companies. “The transaction for Rosneft to purchase 49% in Essar Oil is at an advanced stage. Definitive agreements will be executed in July 2016 and appropriate announcements will be made in due course,” an Essar Oil spokesperson said. An email sent to Glencore went unanswered. A Trafigura spokesperson also declined to comment.
Silk Road And China National Gold Reportedly To Bid For Vasilkovskoye Mine
Jul 6 16
The Silk Road Fund Co Ltd. is partnering with China National Gold Corporation to jointly bid for Glencore Plc's (LSE:GLEN) Vasilkovskoye Mine, people with knowledge of the matter said. Silk Road Fund may compete with Shandong Gold Mining Co., Ltd. (SHSE:600547) and Zijin Mining Group Co. Ltd. (SEHK:2899) which are also potential bidders for the asset, people familiar with the matter said. Representatives for China National Gold Group Corporation and the Silk Road Fund didn’t answer phone calls and e-mails seeking comment. A spokesman for Glencore declined to comment.
Similar Private Companies By Industry
Recent Private Companies Transactions