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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)