Glencore

Qatar Investment Authority Mulls Buying In to En+’s Upcoming IPO

Qatar Investment Authority Mulls Buying In to En+’s Upcoming IPO

Russian Federation energy concern En+ Group may have found another major buyer for its planned IPO in London and Moscow next month, as the Qatari government’s sovereign wealth fund is said to be in discussions with the firm. London’s Financial Times reported...

Events

Bankruptcy Court Judge Ratifies Closure Agreement for Sherwin Alumina

Seven-hundred fifty-five days after the lockout began, an agreement to officially close Sherwin Alumina Co.’s plant in Texas is finally in place. A bankruptcy judge approved the agreement on Thursday, which will allow for the payment of severance benefits to the plant’s union workforce. U.S. Bankruptcy Court judge David R. Jones executed an order releasing […]

Federal Court Judge Dismisses Aluminium Antitrust Litigation Against Glencore, et al.

A federal court judge in Manhattan dismissed an antitrust lawsuit brought by aluminium buyers against The Goldman Sachs Group, Inc., JPMorgan Chase & Co., and Glencore plc. The three-year-long lawsuit alleged that the three firms colluded to restrict aluminium supplies and artificially drive up prices. U.S. District Judge Katherine B. Forrest handed down her ruling […]

Rusal’s Aughinish Alumina Back in Black in 2015

The Republic of Ireland’s Aughinish Alumina plant pulled off an astounding reversal in its bottom line, reporting a US$14.4 million pretax profit one year after turning in a US$12.1 million loss. According to financials, the plant’s turnovers dropped four percent, from US$719 million to US$688 million. “The alumina refinery operation was steady and reliable throughout […]

Judge to Pick from Two Offers for Noranda’s Upstream Business Today

Tennessee’s Noranda Aluminum received two competing offers for its upstream business this week as it auctions off an idled smelter in Missouri, an operating alumina refinery in Louisiana, and a bauxite mining operation in Jamaica. According to bankruptcy court records, Swiss firm ARG International AG, which was formed by a former top Glencore plc aluminium […]

US Senator Advocates Superfund Listing for Glencore Site

United States Senator Jon Tester (D-Montana) said Thursday that he advocated a Superfund listing the former Columbia Falls Aluminum Co. plant in order to encourage efforts at cleaning up the hazardous waste that is on the site. “I applaud everything they’re doing,” Tester said of Glencore plc, the Swiss-based commodity trading and mining giant that […]