Who bought Xstrata?
Glencore
The current company was created through a merger of Glencore with Xstrata on 2 May 2013. As of 2015, it ranked tenth in the Fortune Global 500 list of the world’s largest companies.
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Glencore.
| Type | Public limited company |
|---|---|
| Revenue | US$203.751 billion (2021) |
| Operating income | US$8.515 billion (2021) |
| Net income | US$4.349 billion (2021) |
When did Glencore acquire Xstrata?
2 May 2013
In the 2013 Forbes Global 2000, Xstrata was ranked as the 202nd largest public company in the world. On 2 May 2013 Xstrata was acquired by Glencore.
Where are the Glencore mines?
Glencore is Australia’s largest coal producer, with 17 mining operations across New South Wales and Queensland. Our coal is exported from Abbot Point, Dalrymple Bay, Wiggins Island and RG Tanna coal terminals in Queensland, and from the port of Newcastle in New South Wales.
What does Glencore mine produce?
We produce and market a diverse range of metals and minerals – such as copper, cobalt, zinc, nickel and ferroalloys – and also market aluminium/alumina and iron ore from third parties. We are one of the world’s largest producers and marketers of copper.
How wealthy is Ivan Glasenberg?
7.8 billion USD (2022)Ivan Glasenberg / Net worth
How much did Glencore buy Xstrata for?
Since Glencore made its initial offer of $34bn to takeover mining giant Xstrata , the deal has been hijacked by a number of contentious issues. First off, Xstrata faced uproar from angry investors when it revealed in May that the transaction was tied to $277m of proposed bonuses for 70 of Xstrata ‘s top bosses.
How many mines does Sasol have?
six coal mines
Sasol Mining operates six coal mines that supply approximately 40 million tons per annum of thermal coal feedstock to Sasol’s operations in Secunda and Sasolburg, South Africa and to the export market.
Is Glencore a good company to work for?
Overall an exceptional opportunity to develop quickly and learn a lot. The team are very supportive and there are plenty of opportunities to get involved across different projects.
Does Russia have Glencore?
The traders have historically been willing to operate in the most difficult jurisdictions and only a handful, including Gunvor Group and now Glencore, have announced they will stop new business in Russia.
Does Glencore mine lithium?
The company does not own lithium mines but produces copper, nickel and cobalt, other raw materials that it terms “commodities of the future,” as they are needed to manufacture batteries, electric cars and renewable infrastructure that will help the world transition to a greener economy.
Who buys cobalt from Glencore?
The cobalt, secured from Glencore’s Murrin Murrin operation in Australia, will be used in GM’s Ultium battery cathodes, which powers the Chevrolet Silverado EV, GMC Hummer EV and Cadillac Lyriq vehicles, the companies said in a joint statement.
What does Ivan Glasenberg do now?
Real Time Net Worth
Glasenberg served as CEO of Glencore from 2002 until his 2021 retirement. After earning his MBA from the USC, Glasenberg started working as a marketer in the coal department of Marc Rich & Co. in his native South Africa.
Who are the richest in South Africa?
South Africa’s billionaires as of 2022 (net worth in billion U.S. dollars)
| Characteristic | Net worth in billion U.S. dollars |
|---|---|
| Johann Rupert & family | 7.6 |
| Patrice Motsepe | 2.7 |
| Koos Bekker | 2.2 |
| Michiel Le Roux | 1.7 |
How many mines does Glencore own?
Founded in the 1970s as a trading company, we have grown to become a major producer and marketer of commodities – employing 135,000 people around the world. Our operations comprise around 150 mining, metallurgical and oil production assets.
How does Glencore make money?
Glencore is the world’s biggest commodities trading company and 16th largest company in the world according to Fortune 500. When it went public, it controlled 60% of the zinc market, 50% of the trade in copper, 45% of lead and a third of traded aluminium and thermal coal.
Does Sasol pay well?
Salaries at Sasol Mining range from an average of R160,916 to R964,863 a year. Sasol Mining employees with the job title Chemical Engineer make the most with an average annual salary of R538,552, while employees with the title Chemical Process Operator make the least with an average annual salary of R123,197.
What does Sasol stand for in Afrikaans?
Acronym. Definition. SASOL. Suid-Afrikaanse Steenkool-, Olie- en Gasmaatskappy (Afrikaans: South African Coal, Oil and Gas Company) Copyright 1988-2018 AcronymFinder.com, All rights reserved.
Does Glencore use child labor?
We do not tolerate any form of child, forced, or compulsory labour in our supply chain. We support and respect human rights in a manner consistent with the Universal Declaration of Human Rights. Glencore does not purchase, process or trade any artisanally mined cobalt or copper…
Who mines cobalt Australia?
The three largest cobalt stocks on the ASX by market cap are Jervois Global, Cobalt Blue Holdings and Australian Mines.
Where do Tesla get their cobalt from?
Tesla released interesting and rare details about its approach to sourcing lithium, nickel, and cobalt directly from mines instead of through its cell suppliers. This approach is going to be critical as companies fight to secure those minerals for battery production to support electric vehicle growth.
Who owns the most cobalt mines?
However, Cobalt is a unique commodity because it’s primarily controlled by only two countries: China and the Democratic Republic of Congo. The DRC supplies about 70 percent of the world’s Cobalt, but 80% of its industrial cobalt mines are owned or financed by Chinese companies.
Who is Peter Freyberg?
Mr Freyberg is Vice Chairman of the Minerals Council of Australia, a Director of the IEA Coal Industry Advisory Board and a Director of the World Coal Association.
Who is the richest family in South Africa?
The Rupert family is the wealthiest and most influential family in South Africa. Johann Rupert’s net worth as of August 2022 is $9.98 billion.
Who is the richest female in South Africa?
Top ten richest women in South Africa
- Wendy Appelbaum; estimated net worth of R 2.6 billion (real estate and insurance)
- Wendy Ackerman; estimated net worth of R1.9 billion (business)
- Irene Charnley; estimated net worth of R1.5 billion (business)
- Bridgette Radebe; estimated net worth of R1 billion (mining)
Why is Glencore so cheap?
Glencore has shown its ability to profit from volatile commodity prices, they say, and its trading arm gives it a competitive advantage. The company’s portfolio is also well diversified with exposure to in-demand metals like nickel, cobalt and copper.