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Glencore Says Investigation Opened By The OAG Of Switzerland
Merafe Resources Says Consultation With Employee Representatives, Recognised Trade Unions Underway
Merafe Resources Unit Concludes Sale Agreement With Glencore
Glencore PLC is a Switzerland-based company that produces and markets commodities. It operates through three business segments: Metals and minerals segment, which is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing, as well as has interests in industrial assets that include mining, smelting, refining and warehousing operations; Energy products segment, which includes coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities, and Agricultural products segment, which is supported by controlled and non-controlled storage, handling and processing facilities in various locations, and is focused on grains, oils/oilseeds, cotton and sugar. The Company operates worldwide.
P.O. Box 1363
Anthony B. Hayward
Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
Chief Financial Officer
Peter Roland Coates
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Six workers at Glencore's Kamoto Copper Company (KCC) mine in Democratic Republic of Congo's Lualaba province have tested positive for the coronavirus, KCC said on Tuesday.
Six workers at Glencore's <GLEN.L> Kamoto Copper Company (KCC) mine in Democratic Republic of Congo's Lualaba province have tested positive for the coronavirus, KCC said on Tuesday.
UK shares retreated on Monday as a surge in global coronavirus cases sparked fears of more lockdowns and economic damage, while Glencore slipped after disclosing a criminal investigation into the company.
Switzerland's Attorney General's Office (OAG) has opened a criminal probe into commodity miner and trader Glencore <GLEN.L> over allegations it failed to have measures in place to prevent corruption in the Democratic Republic of Congo (DRC).
Glencore Plc said on Friday the Office of the Attorney General of Switzerland has opened a criminal investigation into Glencore International AG for failure to have measures in place to prevent alleged corruption in the Democratic Republic of Congo.
* GLENCORE - OFFICE OF ATTORNEY GENERAL OF SWITZERLAND OPENED A CRIMINAL INVESTIGATION INTO GLENCORE INTERNATIONAL AG
A joint venture in South Africa with commodities giant Glencore <GLEN.L> on Friday began consulting employees on possible job cuts because of the weak economic environment, it said.
A planned bid by Glencore <GLEN.L> to buy out the remaining stake in its Argentine soy crushing joint venture Renova will likely be scuttled by the government's plan for a state takeover of bankrupt partner Vicentin, two sources close to the situation told Reuters.
* MERAFE RESOURCES LTD - SUBSIDIARY CONCLUDED A SALE AGREEMENT WITH GLENCORE
Glencore <GLEN.L> on Thursday defended its climate policy from activists who want targets set for the use of its products, with Chairman Tony Hayward saying the miner's current plan will cut greenhouse gas emissions.
* GLENCORE - PLANNED $1 TO $1.5BN REDUCTION (FROM $5.5BN) FROM ASSET CURTAILMENTS AND ASSOCIATED CAPEX SAVINGS
* PROXY ADVISORY FIRM PIRC RECOMMENDS GLENCORE SHAREHOLDERS TO VOTE AGAINST RE-ELECTION OF ANTHONY HAYWARD AS NON-EXECUTIVE CHAIR Source text for Eikon: Further company coverage:
* COVID-19 cuts industrial activity, thermal coal demand (Recasts with confirmation from source, adds bullets)
Global miner Glencore Plc and Japan's Tohoku Electric Power agreed on a price of $68.75 per tonne for supplies of thermal coal from Australia for the year through March 2021, the Nikkei business daily reported on Saturday.
Glencore's Zambian subsidiary Mopani Copper Mines (MCM) will resume mining for 90 days, but still expects to go ahead with its initial plan to place operations on hold, the local firm said on Sunday.
Glencore's Zambian subsidiary Mopani Copper Mines (MCM) will resume mining operations for 90 days but still expects to go ahead with its initial plan to place its mining operations on care and maintenance, the local firm said on Sunday.
Glencore <GLEN.L> cut its 2020 capital expenditure and output targets on Thursday to reflect the impact of the coronavirus on its operations, saying the belt-tightening left it well placed to weather the pandemic.
Glencore on Thursday cut its capital expenditure and production targets for most of its metals in 2020 as the coronavirus worsened the economic outlook and hit its business.
Peruvian copper mine Antamina, owned by global miners BHP and Glencore, on Monday reported 210 positive cases of coronavirus.
Glencore <GLEN.L> is taking its Toronto-listed Congo business Katanga Mining <KAT.TO> private, the subsidiary said on Wednesday, citing limited trading liquidity and the costs of a stock exchange listing as reasons for the move.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.