South African billionaire Ivan Glasenberg loses $1.9 billion on Glencore stake
Glencore's share price slump wipes out $1.9 billion from Ivan Glasenberg's stake.
Glencore
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.
Glencore to develop $116-million solar plant in South Africa
The project aims to decarbonize South Africa’s industrial sector by supporting renewable energy goals and reducing emissions.
Glencore pilots innovative copper leaching process in Chile
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.
South African executive Gary Nagle-led Glencore to pay Nigeria $50-million ‘settlement’ penalty
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.
South African billionaire Ivan Glasenberg’s net worth jumps $640 million
The recent surge in Glasenberg’s fortune translates to an average daily gain of $37.6 million since May 1.
Led by South African executive Gary Nagle, Glencore sells Volcan stake for $20 million
Glencore’s exit from Volcan serves as a cautionary tale for investors in the mining sector.
Glencore-led by South African executive Gary Nagle eyes $46-billion British mining firm
Glencore’s recent interest in Anglo-American comes roughly three months after expressing interest in acquiring Shell’s refinery and petrochemical complex in Singapore.
South African billionaire Ivan Glasenberg loses $240 million in 17 days
The $240-million decline is primarily attributed to the recent decrease in the market value of his 9.81-percent stake in Glencore.
South African billionaire Ivan Glasenberg gains $520 million in two weeks
Glasenberg’s rising fortune further cements his position among the world’s richest individuals.
South African billionaire Ivan Glasenberg’s wealth surges by $510 million in 34 days
Despite recording substantial year-to-date losses totaling $687 million, Glasenberg’s recent ascent in wealth has been notable.
South African billionaire Ivan Glasenberg-linked Glencore cuts cobalt production targets
Despite the challenges in the production sector, Glencore experienced a positive turn in its share price, surging by 2.49 percent over the past 24 hours to £4.25 ($5.42).