Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo. |||
Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth $480 million, marking the first step in a planned merger of the mine with its nearby Kansuki concession. Mutanda, in central Africa's copper belt, is one of Glencore's main growth assets and a key operation in the Democratic Republic of Congo alongside its Katanga asset, largely thanks to its high ore grades and low expansion costs.
One of the big themes of the year has been the selloff in commodities. Gold, of course, has had a rough year. But so too have industrial commodities like copper. Whereas past commodity downturns have been closely associated with dec... Read Post
A rumor about a Glencore trader's minority share sale of the New York Mets is making waves. As The Post reports this morning, the current deal involves a group led by a former Glencore commodities trader, Ray Bartoszek, that would b... Read Post