Glencore International Net Worth is$45.9 B
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Company Name: Glencore International plc

Company Type: Public limited company

Traded As: GLEN, 0805

Foundation: 1974

Founder: Marc Rich

Location: Baar, Switzerland, Switzerland,

Area Served: Worldwide

Key People: Ivan Glasenberg (CEO), Simon Murray (Chairman)

Industry: Commodity, Metals and Mining

Products: Metals and minerals, energy products, agriculture products other raw materials

Revenue: url

Operating Income: net income

Aum:

Assets: equity

Num Employees: 57,656 (2011)

Homepage: http://www.glencore.com/

Glencore International plc is an Angloa??Swiss multinational commodity trading and mining company headquartered in Baar, Switzerland and with its registered office in Saint Helier, Jersey. It is the world's largest commodities trading company, with a 2010 global market share of 60 percent in the internationally tradeable zinc market, 50 percent in the internationally tradeable copper market, 9 percent in the internationally tradeable grain market and 3 percent in the internationally tradeable oil market.
Glencore has a number of production facilities all around the world and supplies metals, minerals, crude oil, oil products, coal, natural gas and agricultural products to international customers in the automotive, power generation, steel production and food processing industries. The company was formed in 1974 by a management buyout of Marc Rich & Co AG.
Glencore listed on the London Stock Exchange in May 2011 and is a constituent of the FTSE 100 Index. It has a secondary listing on the Hong Kong Stock Exchange.
According to an Australian Public Radio report, "Glencore's history reads like a spy novel". The company was founded as Marc Rich & Co. AG in 1974 by now-billionaire commodity trader Marc Rich, who was charged with tax evasion and illegal business dealings with Iran in the U.S., but pardoned by President Bill Clinton in 2001. He was never brought before U.S. justice before his pardoning, therefore there was never a verdict on these charges.
In 1993 commodity trading and marketing company Trafigura was "split off from" Marc Rich's group of companies. As physical commodities traders, along with Trafigura, Glencore's main rivals in 2011 were identified as Vitol and Cargill, amongst a number of others.
In 1993 and 1994, after failing to control the zinc market, losing $172 million and nearly bankrupting the company, Rich was forced to sell his majority share in Marc Rich & Co. AG back to the company. The enterprise, renamed Glencore, is now owned

Glencore International Latest News

Top Copper Producer Glencore Sees Electric Cars Boosting Demand

recent research conducted by IDTech for the International Copper Association indicates that copper demand for electric cars and buses will jump from 185,000 tonnes in 2017 to 1.74 million tonnes in 2027. Paul Gait at Bernstein, which has assigned Glencore ...
Posted: August 13, 2017, 4:03 pm

ACCC, Glencore win Port of Newcastle battle

The port, which revalued itself at $2.4 billion, argued that it has to compete with other domestic and international coal ports and that if it charged excessive prices it would price itself out of the market. The NCC recommended against Glencore's request ...
Posted: August 16, 2017, 12:26 am

Global Oligopolies - Investing In Concentrated Businesses

Archer Daniels Midland (ADM), Bunge (BG), and Glencore (OTCPK:GLNCY), add a "G" . Interocular reasoning and market-share statistics substantiate that these companies are international oligopolies. However, gathering the metrics isn't cut-and-dry because ...
Posted: August 15, 2017, 12:33 pm

Glencore secures mining leases for $5.54bn Wandoan coal project in Queensland

In a statement on Wednesday, Glencore said new, large scale projects depended on ... Bangladesh's Harkat ul Jihad Islami was behind the attack and made several arrests. Nli International Inc increased its stake in Eog Res Inc (EOG) by 7.79% based on ...
Posted: August 10, 2017, 9:40 pm

Our petroleum dealings in Ghana legal – Glencore

Glencore Energy UK Ltd, a company cited by the National Petroleum Authority (NPA) for operating without a license in Ghana’s petroleum downstream industry, says it only acts as an international supplier of petroleum products. Glencore was said to have ...
Posted: August 16, 2017, 4:56 am
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