Glencore, led by South African exec Nagle, targets Jamaican LNG acquisition
This underscores Glencore’s ambition to deepen its presence in strategic energy markets, further diversifying its expansive portfolio.
This underscores Glencore’s ambition to deepen its presence in strategic energy markets, further diversifying its expansive portfolio.
The project aims to decarbonize South Africa’s industrial sector by supporting renewable energy goals and reducing emissions.
The initiative aims to boost copper output from lower-grade ore in response to rising global demand for the metal, which is vital for renewable energy technologies.
Glencore’s legal troubles are wide-ranging. In May 2022, the company settled investigations in the U.S., U.K., and Brazil for $1.5 billion, with $1.06 billion going to U.S. and Brazilian authorities.
Glencore’s exit from Volcan serves as a cautionary tale for investors in the mining sector.
Glencore’s recent interest in Anglo-American comes roughly three months after expressing interest in acquiring Shell’s refinery and petrochemical complex in Singapore.
Beyond his executive roles, Nagle holds a 0.016-percent stake in Glencore, equivalent to 2,000,000 shares — a stake presently valued at $11.63 million.
Expressing satisfaction with the acquisition, Glencore CEO Gary Nagle highlighted the complementarity of Elk Valley’s assets with Glencore’s existing coal production.
South African business executive Gary Nagle owns a 0.016-percent stake in Glencore, or 2,000,000 shares.
Under the leadership of CEO Gary Nagle, who holds a 0.016-percent stake in the Swiss mining giant, the purchased shares will be retained in the treasury.
Nagle’s journey from a young team member to the CEO of the world’s largest mining company inspires aspiring business leaders worldwide.
South African business executive Gary Nagle’s 0.016 percent stake in Glencore is worth R248 million ($13.9 million)