Glencore plc

Rio Tinto Pondering Placement of Pacific Aluminium on Australia’s Stock Exchange

Rio Tinto Pondering Placement of Pacific Aluminium on Australia’s Stock Exchange

Rumors have surfaced in Australian media outlets that Anglo-Australian mining titan Rio Tinto Group is weighing listing Pacific Aluminium on the country’s securities exchange in the near future. According to a column published in The Australian Financial Review earlier today, Rio Tinto...

Events

Glencore to Trade Interest in Rusal for Stock in En+ Group

Russian Federation energy firm En+ Group announced Wednesday that Glencore plc will acquire stock in the firm after trading back its 8.75-percent interest in U.C. Rusal. The move comes as En+ Group endeavors to raise US$1.5 billion to launch an initial public share offering (IPO) on both the London and Moscow exchanges next month. Experts […]

Rio Tinto on Verge of Selling Pacific Aluminium to GFG Alliance

Anglo-Australian mining giant Rio Tinto Group is reportedly in talks with Sanjeev Gupta’s Gupta Family Group (GFG) Alliance for the sale of Rio’s aluminium operations in Australia and New Zealand. A report by the Financial Times indicates that sources tell them that Gupta is flying to Australia to participate in discussions regarding Pacific Aluminium (PacAl) […]

Trump’s Argument Against Cheap Chinese Aluminium Has Merit: Glencore CEO

The CEO of Anglo-Swiss miner and commodities firm Glencore plc told a Florida audience that United States president Donald Trump “has a point” in calling out the powers that be in Beijing over their policies regarding the production and export of aluminium and steel. Ivan Glasenberg spoke as part of a Bloomberg Television panel at […]

No threat of closure for South East Europe’s smelters in near future

Latest on SEE primary aluminium industry In the Balkan region, there are currently five operational smelters producing some 610,000 tonnes of primary aluminium a year, with total capacity of 672,000 tonnes/year. However, production has decreased by over 180,000 tonnes in 2015, compared to 2006. Today, there are just over 6000 workers employed compared to over […]