Glencore xstrata dealbook. Our Sudbury operations include Application of Glencore’s capital-efficient business model Glencore Xstrata run by owners for the benefit of all shareholders maintain flexible but efficient balance sheet – strong BBB/Baa Marketing remains highly capital efficient low capex and equity requirements Strong track record of capital efficiency in industrial assets The following figure demonstrates where Glencore stood before and after the merger with Xstrata. L> which finally gave its blessing to a revised bid from Glencore on Monday <GLEN. Glencore is a major recycler of end-of-life electronics, lithium-ion batteries, and other critical metal-containing products. Over the years, we have established a strong presence in South Africa’s coal and ferroalloy sectors, and have become a major contributor to the country’s local, provincial and national economies. Feb 7, 2012 · Glencore will issue 2. Jan 10, 2025 · Glencore Canada: Mining and recycling critical minerals like nickel, copper, zinc, cobalt, and coal across multiple industrial operations. Glencore also produces steelmaking coal, used in the manufacture of steel in blast furnaces. Retrieved 21 February 2019. Oct 3, 2012 · On paper, the proposal put forward by commodities trader Glencore to merge with Xstrata and create an $86bn mining powerhouse seemed like a no brainer. This timeline aims to chart a more complete history of Glencore than that III. After the merger, GlencoreXstrata is now #1 in Zinc, and #3 in Copper. Company Timeline: Glencore Glencore Xstrata, now known as Glencore plc. Their merger in May 2013 has created a mining conglomerate, London-listed Glencore Xstrata In 2013, Xstrata's journey took a pivotal turn when it merged with Glencore, a leading commodities trading and mining company, in a deal valued at approximately $30 billion. But alongside them is a single individual, Michael S. This northern city in the Canadian Shield boasts a 60-kilometre-long formation called the Sudbury basin, which is brimming with nickel, copper, cobalt, gold, silver, platinum and palladium deposits. Klein, a former Citigroup executive. Xstrata was created in 2002 as a spin-off of Glencore's coal mining activities in Australia and South Africa and floated on the London Stock Exchange in 2002. It offers metals and minerals, including zinc, copper, lead, aluminum, ferroalloys, nickel, cobalt, and iron ore, as well as thermal coal and crude oil, oil products, and natural gas Find our contact details, answers to some frequently asked questions, and get in touch. Founded in 1974, Glencore inherited a century-old legacy in 2013 through organic growth and Canadian acquisitions. Sep 10, 2012 · Commodities trader Glencore laid out what it said was a final $36 billion takeover offer for Xstrata on Monday, warning the miner's investors it would not improve the terms again after making Xstrata plc was created through an initial public offering on the London Stock Exchange in 2002, acquiring Glencore’s Australian and South African coal assets and making it the world’s largest exporter of thermal coal. Settings Reject Confirm Glencore Xstrata plc, founded in 2013 and headquartered in Baar, Switzerland is a public owned company serving worldwide in the segment of metals and minerals, energy products and agricultural products. 4 days ago · Group entities The below list includes the registered office address, country of incorporation, tax residency (if tax domiciled outside of the country of incorporation) and the percentage of equity owned by Glencore as at March 2025. Feb 2, 2012 · Commodities trader Glencore is in talks to buy mining group Xstrata in an all-share transaction that could create a combined group worth more than 50 billion pounds, shaking up the industry with Oct 1, 2012 · Here is a look at Glencore, the world's largest diversified commodities trader, and mining group Xstrata <XTA. The company offers opportunities for a diverse range of dedicated, driven people and values diversity, respecting people from all backgrounds. The company's early years were marked by steady growth, with Xstrata expanding its operations in the 1980s and 1990s. 1 to decide whether to accept Glencore’s sweetened merger offer. Mack, and the executive chairman of Bloomberg L. In addition, we smelt and refine copper. May 9, 2025 · Glencore’s DRC assets Kamoto Copper Company and Mutanda Mining receive The Copper Mark Read more 18/03/2025 With operations spanning the production, marketing and recycling of critical metals and transition fuels that support governments, business and societies in their economic development and efforts to decarbonise, Glencore is one of the world’s largest global diversified natural resource companies. It’s also been home to Sudbury Integrated Nickel Operations since 1929. Feb 24, 2012 · 24 Febuary, 2012 After constructive consultation with the European Commission, the merger of Glencore International plc (“Glencore”) and Xstrata plc (“Xstrata”) will be notified to the European Commission under the EU merger regulation. We extract and process copper ore in South America, the Democratic Republic of the Congo and Australia. Glencore's oil and gas headquarters are in London, England as well as its primary listing being on the London Stock Exchange, and it is one of the largest components of the FTSE 100 by market capitalization. Archived from the original on 21 February 2019. Oct 29, 2024 · Glencore (formerly known as Glencore Xstrata) is a natural resources company that specializes in the production, refinement, processing, storage, transport, and marketing of metals, minerals, and energy products. By continuing to browse the site you are agreeing to our use of cookies. We have worldwide activities in the production, refinement, processing, storage and transport of commodities and the marketing of metals and minerals, energy products and agricultural products. Together they would form a company capable of making revenues of more than $200bn and annual profits of $16bn. Each of Glencore and Xstrata are familiar with the Commission’s merger control process and together look forward to working with the Commission in a Marc Rich (born Marcell David Reich; December 18, 1934 – June 26, 2013) was a Belgian-American commodities trader, financier, and businessman. More specifically, the Switzerland-headquartered Glencore is by far the leading global Find the latest Glencore plc (GLNCY) stock quote, history, news and other vital information to help you with your stock trading and investing. Feb 2, 2012 · Commodities trader Glencore is in talks to buy mining group Xstrata in an all-share transaction that could create a combined group worth more than 50 billion pounds, shaking up the industry with Merger information An archive of information relating to the All-Share Merger of Equals of Glencore International plc and Xstrata plc Read more Application of Glencore’s capital-efficient business model Glencore Xstrata run by owners for the benefit of all shareholders maintain flexible but efficient balance sheet – strong BBB/Baa Marketing remains highly capital efficient low capex and equity requirements Strong track record of capital efficiency in industrial assets The following figure demonstrates where Glencore stood before and after the merger with Xstrata. Both were based in Switzerland, but first Xstrata and then Glencore listed on the London Stock Exchange. com, February 7, 2012. The Glencore Xstrata merger will create a major natural resources group with a world-class portfolio of assets and enhanced marketing capabilities. Presentation of financial information On 2 May 2013, Glencore International plc (together with its subsidiaries “Glencore”), known as Glencore Xstrata plc after 3 May 2013, and Xstrata plc, now Xstrata Limited, (together with its subsidiaries “Xstrata”) completed a merger (the “Merger”). Oct 29, 2025 · See the latest Glencore PLC stock price (GLEN:XLON), related news, valuation, dividends and more to help you make your investing decisions. “With a potential market cap well in excess of $100 billion, they would be better placed against resource behemoths like BHP Billiton, Vale and Rio Tinto. AG) and Xstrata (formerly Südelektra), both of which have long and very controversial histories involving repeated allegations of moral - and indeed literal - corruption. Nov 20, 2012 · Shareholders approved Tuesday the proposed $31 billion merger between Glencore International and mining company Xstrata, though proposed bonuses for top executives of the company – ranging in We produce and market a wide range of metals and minerals such as copper, cobalt, zinc, nickel and ferroalloys. L&gt; will this week move into the final stage of its long-awaited $30 billion takeover of miner Xstrata &lt;XTA. 6. The company is a result of one of the world’s largest merger between mining giants Glencore & Xstrata. Nov 15, 2012 · Qatar Holding said it would back Glencore International’s proposed $32 billion takeover of the mining company Xstrata. 7bn, equivalent to over 10% of the combined annual turnover for the group, and over 13 times the targeted annual synergies of $500 million. May 3, 2013 · Glencore and Xstrata have finally sealed one of the world's largest merger deals after months of fraught and complex negotiations. Glencore Xstrata is a leading integrated producer and marketer of commodities. ^ Scott, Mark (2 May 2013). Add your thoughts and get the conversation going. Xstrata's non-executive directors have been considering the improved, final, offer from Glencore, the miner's largest shareholder, since September 10 - wrestling for three weeks to reconcile Oct 3, 2012 · After months of deliberating, Xstrata and Glencore may finally be about to merge into one mining super-group. This world’s largest natural resource group is serviced by 190,000 employees forming 1] Mark Scott, "Glencore and Xstrata Strike Mining Merger, but Some Balk," www. Glencore is one of the world’s largest diversified natural resource companies. Early careers CAREERS At Glencore, we offer exciting early career opportunities to students, graduates, apprentices, and entry-level hires across our global teams. Merger Update – Merger completed Glencore is pleased to announce that the New Scheme and the Merger have now become effective and the entire issued ordinary share capital of Xstrata is owned by the Glencore Group. L&gt;, as shareholders are sent detailed documents on the deal Glencore and Xstrata were, until May 2013, two of the largest commodities companies in the world. He fled to Switzerland at the time of May 14, 2024 · Sudbury, Ontario, Canada is one of the most geologically rich areas of the world. ” Sep 30, 2013 · The trading house Noble Group and the American private equity firm TPG Capital will each invest $500 million in a private mining venture led by Mick Davis, the former Xstrata chief executive who lost out in the Glencore takeover. Interested in working for Glencore? We offer opportunities for a diverse range of dedicated, driven people. "Glencore Completes Deal for Xstrata". Jun 27, 2012 · Glencore International’s planned combination with Xstrata faces a new obstacle after Qatar Holding, which owns a large stake in Xstrata, asked for the bid to be increased. May 2, 2013 · Glencore completed its takeover of Xstrata on Thursday, 450 days after the commodities trading house and the mining company announced what was initially planned as a merger of equals. Seit der Fusion mit dem Bergbauunternehmen Xstrata im Mai 2013 hat Glencore seine Position im globalen Rohstoffmarkt weiter gestärkt und sein Portfolio strategisch erweitert. Feb 7, 2012 · Anglo-Swiss mining group Xstrata unveils a $90bn merger with commodity trader Glencore, a move opposed by some major shareholders. The announced acquisition of EVR should lift, on completion, Glencore’s steelmaking coal production to c. Xstrata plc was an Anglo-Swiss multinational mining company headquartered in Zug, Switzerland and with its registered office in London, United Kingdom. International Mining. This job post provides an overview of Xstrata vacancies in North West, South Africa, including the types of roles available, qualifications needed, and the benefits of working in Oct 25, 2025 · Glencore is one of the world’s largest globally diversified natural resource companies and a major producer and marketer of commodities. com looks back on how the deal has evolved since February and what hurdles have stood in the way of a resolution. L>. New company shares, Glencore Xstrata, will begin trading on the Apr 2, 2013 · The commodities trader Glencore International announced on Tuesday that it had pushed back the completion date for its $34 billion takeover of the mining company Xstrata amid a review by Chinese authorities. DealBook (published 2 May 2013). Oct 25, 2025 · Glencore is one of the world’s largest globally diversified natural resource companies and a major producer and marketer of commodities. P. Grauer, as nonexecutive directors to its board. Glencore is a Mining & Metals company located in CA with 12,342 employees. Working as a Truck Driver or Excavator Operator at Glencore Xstrata offers rewarding opportunities to contribute to the success of one of South Africa’s leading mining companies. When assessing the merits of the transaction, we acknowledged the important distinction between thermal coal and steelmaking coal. The combined copper business will have over 30 operations and projects across 11 countries employing more than 40,000 people. Access Glencore's email format and Glencore staff directory for direct contact details of 12,342 employees. Aug 20, 2013 · The mining giant Glencore Xstrata reported sharply lower results on Tuesday after it wrote down $7. 7 billion on the value of assets it acquired as part of the merger that created the company. Archived from the original on 4 April 2018. The company's registered office is in Saint Helier, Jersey, a Publications View all our latest annual, financial and sustainability publications, as well as investor presentations and events. Glencore is one of the world’s leading producers and marketers of copper. Sep 21, 2012 · Xstrata’s board will now have until Oct. Xstrata Glencore merger: Where's the accountability? Earlier this week the Wall Street Journal and others reported on Xstrata Glencore's post-merger writedown of $7. Feb 7, 2012 · More than a half-dozen banks and law firms were listed as advisers to Glencore’s merger with Xstrata. , Peter T. Glencore Canada’s two founding companies, Noranda Mines Limited and Falconbridge Nickel Mines Limited, were created in the 1920s. Xstrata specialised in mining, while Glencore operated mines but was also a major commodities trader. Jun 12, 2013 · Glencore Xstrata has named Morgan Stanley’s former chief executive, John J. Amazing materials Copper, zinc, aluminium, nickel, cobalt: these amazing metals are some of the fundamental building blocks of modern life – and our future. Use the PitchBook Platform to explore the full profile. May 2, 2013 · Glencore International, the Swiss commodities trader, announced on Thursday that its merger with the mining giant Xstrata was complete and that shares in the newly combined company, called Glencore Group bonds (issued by Glencore Funding LLC, Glencore Finance (Europe) Limited, Glencore Capital Finance DAC and Glencore Australia Holdings Pty Ltd) have guarantees from Glencore plc, Glencore International AG and Glencore (Schweiz) AG (previously Xstrata (Schweiz) AG). Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. [2] It was a major producer of coal (and the world's largest exporter of thermal coal), copper, nickel, primary vanadium and zinc and the world's largest producer of ferrochrome. Background 5. Jul 19, 2020 · EMPRESA MINERA GLENCORE XSTRATA ANTAPACAY, UNA EMPRESA NEFASTA, Y MAFIOSA QUE EVADE MUCHAS RESPONSABILIDADES EN NUESTROS DERECHOS. May 19, 2025 · Glencore plc is the world’s largest company involved in the mining industry and in commodity trading. In North America, we recycle copper scrap. They merged in 2005 and were purchased in 2006 by Xstrata, which was Aug 31, 2012 · On Friday, the activist investor Knight Vinke reiterated it would vote against Glencore’s current bid, adding that if the deal fell apart, it would push to overhaul the Xstrata board. dealbook. We supply a wide range of customers from the automotive, electronics and construction sectors. We also market aluminium/alumina and iron ore from third parties. Xstrata was a Swiss-based mining company founded in 1948 by Swiss entrepreneur Joseph Samuelson. Jan 17, 2025 · The Xstrata Glencore story is a fascinating tale of growth and controversy. 2] Mick Davis is a South African; he was hired by Glasenberg in 2001. 30Mt per year. He founded the commodities company Glencore, and was later indicted in the United States on federal charges of tax evasion, wire fraud, racketeering, and making oil deals with Iran during the Iran hostage crisis. Nov 20, 2012 · Glencore and Xstrata shareholders approved the transaction at two separate meetings in Zug on Tuesday. May 27, 2012 · Glencore &lt;GLEN. Search for jobs around the world. Copper was the first metal ever used Sep 11, 2012 · MERGERS & ACQUISITIONS » Qatar Holding Makes Glencore Wait on Revised Xstrata BidThe sovereign wealth fund Qatar Holding says it has yet to decide whether to support Glencore International's increased all-share offer for the mining giant Xstrata. Glencore’s marketing activities in South Africa began in 1974, with mining starting 14 years later, in 1988. , began life as two separate companies, Glencore AG (formerly Marc Rich + Co. Apr 14, 2011 · “The upside to a Glencore-Xstrata merger is benefits of scale,” said Ms. [2] It had operations in 19 countries across Africa, Asia Feb 2, 2012 · Commodities trader Glencore is in talks to buy mining group Xstrata in an all-share transaction that could create a combined group worth more than 50 billion pounds ($79 billion), shaking up the Nov 20, 2012 · DON/ZUG, Switzerland – Shareholders in Xstrata dealt a blow to their board on Tuesday, ushering through a long-awaited US$31-billion takeover by trader Glencore but vetoing a controversial executive pay plan that had been backed by the miner’s directors. Glencore Xstrata is a major producer and marketer of over 90 commodities that are transformed into products used in everyday life, such as mobile phones, bicycles, cutlery, plastics and electricity, to customers in industries ranging from automotive to food processing and power. Aug 21, 2012 · Ivan Glasenberg, chief executive of the commodities trading company Glencore International, played down speculation that the company would pay a higher price for its proposed $30 billion takeover of the mining company Xstrata. Glencore plc is an Anglo-Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. 4 days ago · This site uses cookies. If you are smart, driven, and curious – and want to make a real impact in a fast-paced sector – you are who we are looking for. Here, you can discover their story and how Glencore works to provide them safely and responsibly. Find the latest Glencore plc (GLNCY) stock quote, history, news and other vital information to help you with your stock trading and investing. At the time, Glencore maintained a shareholding of around 40% in Xstrata. 22 November 2011. In 2013, Glencore decided to drop the second phase of a $47 million expansion feasibility study for its Mount Isa operation, which reportedly could have extended the life of the mine by up to 30 years. We are working towards closing the loop for critical metals like copper, nickel, cobalt, zinc and precious metals. Glencore said in a statement Thursday that the merger between the two companies is now effective and the entire issued share capital of Xstrata is now owned by the Glencore Group. Retrieved 12 September 2013. 8 new shares for each Xstrata share in a deal they called a “merger of equals. Glencore Xstrata International – as Amazing materials Copper, zinc, aluminium, nickel, cobalt: these amazing metals are some of the fundamental building blocks of modern life – and our future. L> got the go-ahead from both sets of shareholders on Tuesday. Glencore said it will not improve its revised all-share bid for Xstrata further and insisted that its own chief executive, Ivan Glasenberg, lead the enlarged group. As a consequence of the merger, Glencore saw a shift from its prior market position to that of #1 Sep 10, 2025 · Both roles contribute to Glencore Xstrata’s mission of delivering high-quality minerals and resources while adhering to strict safety and environmental standards. ” Standard Life Investments, the fourth largest investor in Xstrata, said it intended to vote against the deal because it “clearly undervalues” the company’s assets and future earnings potential. nytimes. May 8, 2013 · Glencore Xstrata plc ("Glencore") confirmed on 5 August 2013 that it has entered into an agreement to sell Joe White Maltings, Adelaide, Australia ("Joe White"), to Cargill, Incorporated ("Cargill"). Mining-technology. L> $31 billion takeover of miner Xstrata <XTA. Nov 20, 2012 · Glencore's <GLEN. Europe's antitrust regulators are due to give their verdict by Thursday. Information on stock, financials, earnings, subsidiaries, investors, and executives for Glencore. Sep 7, 2012 · Glencore International, the world’s biggest commodities-trading company, sweetened its offer for Xstrata in a last-minute bid to save the mega-merger. Xstrata’s largest shareholder Feb 7, 2012 · Global commodities trader Glencore and mining company Xstrata have agreed a merger, estimated to be worth around $90bn, which could see an entire supply chain combined under one roof that could change the face of the commodities industry. The snub prompted Xstrata’s current May 2, 2013 · Glencore completed its takeover of Xstrata on Thursday, 450 days after the commodities trading house and the mining company announced what was initially planned as a merger of equals. This merger created one of the largest natural resource companies in the world, known as Glencore Xstrata, and later simply Glencore. 嘉能可 （英語： Glencore， LSE： GLEN 、 JSE： GLN 、OTC US: GLCNF、前 港交所 上市編號：0805）總部位於 瑞士 巴爾，為全球最大的 商品 交易商，主要從事生產和營銷 金屬 、 礦產 、 能源 產品和 農產品。 Oct 21, 2025 · Xstrata, now part of Glencore after their 2013 merger, is a leading global mining company with significant operations in South Africa’s North West Province, focusing on platinum, chrome, and ferroalloy production. Completion of the deal is still subject to approvals by regulators including the European With operations spanning the production, marketing and recycling of critical metals and transition fuels that support governments, business and societies in their economic development and efforts to decarbonise, Glencore is one of the world’s largest global diversified natural resource companies. HERMANOS, Y HERMANAS DE ESPINAR, CIERTAMENTE ME INDIGNA TU INDIFERENCIA FRENTE A LOS RECLAMOS JUSTOS QUE VIENE EMPRENDIENDO NUESTRO PUEBLO, CONTEA ESTA EMPRESA MINERA GLENCORE XSTRATA ANTAPACAY, Sep 10, 2012 · Glencore International confirmed its increased all-share offer for Xstrata, but said on Monday that it would not raise its bid again. Using Copper and Zinc as examples, prior to the merger, Glencore was the #4 producer of Copper and #1 producer of Zinc worldwide. Oct 20, 2023 · Shortly after its merger with Xstrata, Glencore reviewed operations, resulting in mining developments being halted and job losses. 1. com Open Share Add a Comment Be the first to comment Nobody's responded to this post yet. Hehir of RBC Capital Markets. Nov 20, 2012 · LONDON — Shareholders voted on Tuesday in favor of Glencore International’s $31 billion takeover of the mining company Xstrata, but in a rebuff to the Xstrata board, vetoed multimillion-dollar bonuses for the company’s top managers. . As a consequence of the merger, Glencore saw a shift from its prior market position to that of #1 Presentation of financial information On 2 May 2013, Glencore International plc (together with its subsidiaries “Glencore”), known as Glencore Xstrata plc after 3 May 2013, and Xstrata plc, now Xstrata Limited, (together with its subsidiaries “Xstrata”) completed a merger (the “Merger”). f0di gal x2f ipyodjb 5eei qxi2 srv4 efx rub hzw