Glencore, led by South African executive Gary Nagle, signs Oman offtake deal for steel input
Glencore, led by Gary Nagle, agrees to buy up to 1.25 million tons of cleaner steel from Oman, advancing its energy transition goals.
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Glencore, led by Gary Nagle, agrees to buy up to 1.25 million tons of cleaner steel from Oman, advancing its energy transition goals.
South African executive Gary Nagle leads talks to merge Glencore and Rio Tinto, creating a $260 billion mining powerhouse.
Glencore, led by Gary Nagle, acquires a majority stake in Dutch fuel firm FincoEnergies to expand low-carbon and renewable fuel supply.
Glencore gains full ownership of Peru’s Quechua copper project, strengthening its foothold near Antapaccay as JX exits mining.
Glencore secures $395 million Australian support to keep Mount Isa copper smelter operational and boost critical mineral supply.
Glencore and Vitol prepare bids for Chevron’s $1 billion Singapore refinery stake as U.S. oil giant trims Asian assets.
Glencore, led by Gary Nagle, pursues talks with South Africa’s government to rescue smelters as power costs rise.
Glencore, led by Gary Nagle, considers job cuts at its South African ferrochrome joint venture as rising costs and weak competitiveness put pressure on the business.
Glencore plans to inject $9.5 billion into developing El Pachón in San Juan province and $4 billion into the Agua Rica project in Catamarca over the next decade.
Glencore, led by Gary Nagle, held H1 2025 revenue steady at $117.4 billion despite weaker coal prices and lower copper output.
Glencore targets $1 billion in savings, plans coal spinoff and copper mine closure amid weak refining margins.
The move comes as global copper smelting faces unprecedented pressure from record-low processing fees and overcapacity.
The transaction, finalized on Wednesday, netted Glencore a 16.4 percent stake in Bunge and approximately $900 million in cash.
Despite the disruption, many Glencore customers are still receiving deliveries under existing agreements.
The restructured entity now controls a portfolio worth over $65 billion, effectively doubling its asset base in Australia.
Located in north-west Queensland, the mine has been a vital part of Australia’s mining landscape for over a century.