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Glencore Built Its Empire on Coal Now It s Preparing to Say Goodbye

(Bloomberg) Glencore Plc made its name — and minted a generation of billionaires — in large part by mining and trading coal. Its former chief and biggest shareholder Ivan Glasenberg once said the world was “horny as hell” for the fuel.Most Read from BloombergBiden, Xi to Announce China’s Crackdown on Fentanyl TradeS&P 500 Up 2% as Bets ‘Fed Is Done’ Sink US Yields: Markets WrapThailand Takes $28 Billion Malacca Strait Bypass Plan to USRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial Index

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Glencore and Seriti Weigh Job Cuts in South Africa Due to Dire Train Situation

(Bloomberg) Glencore Plc and Seriti Resources Holdings Ltd. are in talks to cut hundreds of jobs in South Africa as their ability to export coal is stymied by inefficiencies at the state-run freight company.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownStocks Wobble on Trader Jitters Ahead of Fed Speak: Markets Wrap

South africaRichards bayKwazulu natalBloomberg businessweekCyril ramaphosaSeriti klipspruitExxaro resources ltdNational union of mineworkersBloomberg glencore plcAfrican national congressSeriti resources holdings ltdSeriti resources holdingsRichards bay coal terminalNational unionPresident cyril ramaphosaChief financial officer doug gain

Glencore and Seriti Weigh Job Cuts in South Africa Due to Dire Train Situation

Glencore and Seriti Weigh Job Cuts in South Africa Due to Dire Train Situation
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

South africaRichards bayKwazulu natalSeriti klipspruitCyril ramaphosaBloomberg glencore plcAfrican national congressExxaro resources ltdNational union of mineworkersSeriti resources holdings ltdSeriti resources holdingsRichards bay coal terminalNational unionPresident cyril ramaphosaChief financial officer doug gainAfrican national

Glencore s US Head of Crude Trading Freshwater Resigns

Glencore s US Head of Crude Trading Freshwater Resigns
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

United statesNew yorkUnited kingdomGautam kumarDavid kellerRicardo gomezBloomberg glencore plcGuy freshwaterLatin america

Another Glencore Veteran Departs as Trader Popovic Retires

Another Glencore Veteran Departs as Trader Popovic Retires
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

George tourkoliasInigo seguraJack farchyNick popovicIvan glasenbergSteven kalminGlencore kazzincJyothish georgeGary nagleTrafigura groupBloomberg glencore plcChief executive officer garyChief financial officer steven kalmin