September 18, 2014 4:31 AM ET

Metals and Mining

Company Overview of Glencore Plc

Company Overview

Glencore Plc is engaged in the production, sourcing, processing, refining, transporting, storage, financing, and supply of commodities worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in mining, smelting, refining, and warehousing copper, nickel, zinc/lead, ferroalloys, alumina/aluminum, and iron ore products. The Energy Products segment activities include coal mining and oil production operations; and investments in handling, storage, and freight equipment and facilities. The Agricultural Products segment is engaged in the handling, processing, and storage of grains, such as wheat, corn, an...

Baarermattstrasse 3

Baar,  6340

Switzerland

Founded in 1974

110,378 Employees

Phone:

41 41 709 20 00

Fax:

41 41 709 30 00

Key Executives for Glencore Plc

Chief Executive Officer
Age: 57
Total Annual Compensation: $925.0K
Chief Financial Officer
Age: 43
Total Annual Compensation: $232.0K
Compensation as of Fiscal Year 2013.

Glencore Plc Key Developments

Glencore Reportedly May Select Anglo, Rio As Targets

Glencore Plc (LSE:GLEN) is planning to acquire Anglo American plc (LSE:AAL) and Rio Tinto plc (LSE:RIO). One of the targets most frequently mentioned is Anglo American, though some bankers say Glencore can think bigger at look at an acquisition of Rio Tinto, said Financial Times.

Glencore Plc Announces Interim Distribution for 2014, Payable on September 19, 2014

Glencore Plc has previously announced that: its interim distribution for 2014 is USD 0.06 per ordinary share. This distribution is payable on September 19, 2014 to holders of record at the close of business on September 5, 2014 on the Jersey register and at the opening of business on September 5, 2014 on the Hong Kong branch register.

Alcoa To Continue Talks To Sell Its Facility In Portovesme

Alcoa Inc. (NYSE:AA) said that the shutdown of aluminium smelter in Sardinia's Portovesme will not have consequences on the talks to sell the plant. Francesco Pigliaru, President of Sardinia region said, "Alcoa's announcement does not have consequence on either the negotiations for the sale of the facility or on the commitments to save the jobs of the workers. The region continues to be personally involved in the talks to welcome another company to buy the smelter and is working to come to a memorandum of understanding (MoU) with an investor." Marco Bentivogli, National Secretary of the Fim-Cisl trade union said, "The US company's decision must be a sign for all parties involved in the case to make the issue top of their agendas. As far as the unions know, Glencore Plc (LSE:GLEN) is expected to decide between the end of August and early September whether to commit to talks on the smelter sale."

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