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.
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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
Commodities trader Glencore has denied it employs under-18s working at a copper mine in the Democratic Republic of Congo. ||| Commodities trader Glencore has denied it employs under-18s working at a copper mine in the Democratic Rep... Read Post