Glencore News

Environmental Platform Urges 1,600-Plus High-Emitting Firms to Disclose Data

More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the environment are not disclosing environmental data, it said as it launched its latest campaign to get firms to provide the information. CDP, which has …

UK’s Legal & General Launches Fresh UK Lawsuit Against Glencore After Bribery Scandal

Legal & General Group Plc have launched a fresh lawsuit against Glencore Plc, months after the commodities giant pleaded guilty to allegations of market manipulation and bribery. A group of Legal & General funds filed claims against Glencore on Jan. …

Major Institutional Investors Ask Glencore to Justify Thermal Coal Development

International investors with $2.2 trillion in assets will ask commodity giant Glencore Plc to show how its development of thermal coal mines meets the goals of the Paris climate accord to keep global warming to 1.5 degrees. Glencore is one …

Miner Glencore Faces Raft of Class-Action-Style Lawsuits in UK After Admitting Bribery

Glencore Plc faces a raft of class-action style lawsuits from investment and pension funds in the UK, months after the mining giant pleaded guilty to market manipulation and bribery. Mubadala Investment Company and International Petroleum Investment Company are among over …

Mining Company Glencore to Pay Up to $1.5B to Settle U.S., UK, Brazil Bribery Probes

Glencore Plc said on Tuesday it anticipates paying up to $1.5 billion to settle accusations of bribery and market manipulation, as authorities in the United States, Britain and Brazil announced that three of the company’s subsidiaries were pleading guilty to …

Global Mining Firms Reveal Safety Plans for Tailings Dams After Deadly Brazil Disasters

Global miners BHP Group, Anglo American Plc and Glencore Plc revealed details on tailings dams, months after ethical investors sought the information following a second deadly dam disaster in Brazil. BHP, which operates 67 tailings facilities, said on Friday it …

Australia Mining Firms Report Some Impact from Cyclones as Clean Up Begins

Mining giants Rio Tinto, BHP Group and Fortescue Metals said their Australian operations had suffered some impact after two cyclones hit the country over the weekend, with clean up starting on Monday in the wake of the storms. Cyclone Veronica …

Northern Australia Braces for 2 Cyclones, Disrupting Mining, Shipping Operations

Commodity giant Glencore on Friday said it had suspended operations at its McArthur River zinc mine in northern Australia as a cyclone approaches. Authorities have declared a state of emergency in the region as Tropical Cyclone Trevor nears, with the …

Demand Rises for Political Risk Cover as Buyers Think the Unthinkable

Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over …