Glencore Tag

BHP has become the latest mining giant to consider exiting thermal coal as climate change pressure from investors and activists continues to push companies away from polluting fossil fuels. According to unnamed sources familiar with the matter, BHP is looking at options to divest its thermal...

Glencore’s mining subsidiaries in the Democratic Republic of Congo have been served freezing orders for alleged unpaid royalties amounting to nearly US$3 billion. The freezing order was served in the DRC by Ventora Development Sasu, a company affiliated with Israeli billionaire Dan Gertler. The firm is seeking...

Glencore has confirmed that the Democratic Republic of Congo’s state-owned mining company has begun legal proceedings to dissolve one of its subsidiaries because of a capital shortfall. In a company statement, the Anglo-Swiss commodities giant said it has ‘several options’ to address this shortfall at Kamoto...