Glencore plc engages in the production, sourcing, processing, refining, transporting, storage, financing, 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, processing, smelting, refining, and warehousing copper, nickel, zinc/lead, ferroalloys, alumina/aluminum, and iron ore products. 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, and storage of wheat, corn, can...
PO Box 777
Glencore Reportedly In Talks With Investors For Sale Of Agriculture Business
Oct 2 15
Glencore Plc (LSE:GLEN) is reportedly in talks with potential investors for the sale of a stake in its agricultural commodities business. One of the potential buyers of a minority stake in the unit is thought to be GIC Pte. Ltd. Glencore is also believed to be speaking with potential investors from the Middle East. The sale is being managed for Glencore by Citigroup and Credit Suisse. Glencore is also in talks to sell its metals by-products business in South America. Others involved in preliminary negotiations include Japanese trading houses such as Mitsui & Co. Ltd. (TSE:8031) and at least one Canadian pension fund, said the same sources, who asked not to be identified because the matter is confidential. A spokesperson for Glencore declined to comment.
Glencore plc Announces Resignation of John Mack as Director
Oct 1 15
Glencore Plc announced that John Mack is discharging the managerial responsibility as director, effective September 29, 2015.
Glencore And Others In Talks To Acquire Remaining Hunter Valley Assets From Rio Tinto
Sep 30 15
Rio Tinto Limited (ASX:RIO) is reportedly in talks with Glencore Plc (LSE:GLEN) and about half a dozen others bidders to acquire remaining two Hunter Valley mines. The Rio mines are next to Glencore mines, Sydney Morning Herald reports.