Glencore

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  Government To Invite Bids From Global Coal Miners Before End Of 2019: Report

  The coal block auctions are intended to attract global miners such as Glencore PLC, BHP Group, Anglo American PLC and Peabody Energy Corp.

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  Global Markets In 2016 Favoured The Daring

  Shares in mining and commodity trading giant Glencore are up 200 per cent this year and shares in Anglo American are up nearly 300 per cent, both recovering from the beating in 2015 that raised doubts about their very existence.

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  After Years Of Pain, Coal Is One Of The Hottest Commodities Of 2016

  Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities.

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  Glencore Sells Agricultural Unit Stake To Canadian Pension Fund

  Commodity miner and trader Glencore has agreed to sell 40 percent of its agricultural unit to Canada's state pension fund for dollar 2.5 billion, the company's latest step to cut debt and soothe investor concerns about the impact of weak commodity prices.

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  South African Coal Miners End Strike

  South African coal mineworkers today ended a 10-day strike after reaching a pay agreement with employers, their union said, relieving pressure on the country's strained power supply.

• Adani Enterprises Buys Glencore Unit's Stake in JV, Shares Rise

  Adani Enterprises shares rose over 2 per cent to hit an intraday high of Rs 86.40 on Wednesday, after the company bought out the entire stake of Chemoil Energy in their joint venture Chemoil-Adani Pte.

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  Adani Enterprises Buys Out Glencore's Stake in JV

  Adani Enterprises and Chemoil Energy, a subsidiary of Glencore, had formed a JV, Chemoil-Adani Pte Ltd for supplying bunker fuel to vessels.

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  Glencore Tells Investors Debt is Being Cut, Trading Robust

  Glencore has told investors it is on track to cut debt and has shown new data about its secretive trading unit in a fresh attempt to dispel market worries over its finances which have knocked 70 per cent off its share price this year.

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  India Need Not Worry from Glencore Troubles, Says Rajan

  Reserve Bank Governor Raghuram Rajan on Tuesday said the country has nothing to fear from the troubles being faced by mining giant Glencore due to corrections in the commodity prices.

• World Stocks Hit 2-Year Lows as Commodities Stay Pressured

  Global stocks slid to their lowest in more than two years on Tuesday as raw materials prices and emerging markets stayed under pressure.

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  European Stock Market Sell-Off Gathers Pace, Glencore Halts Slide

  German carmaker Volkswagen, which has been hit by an emissions data scandal, also remained under pressure with its shares falling by nearly 2 per cent.

• Commodities in Crisis as Shares Tumble, Shipper Files for Bankruptcy

  Shares in commodity trading firms were hit hard and a Japanese shipper filed for bankruptcy on Tuesday, in the latest signs that tumbling energy and raw material prices are triggering a sector-wide crisis.

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  Glencore Slumps 30% as Debt Fears Grow

  About 3.5 billion pounds ($5.33 billion) in market value was wiped off the firm, which is in the middle of a drive to sell assets and raise cash to help cut its $30 billion debt pile and protect its credit rating after a crunch in prices of its main products, copper and coal.

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  World Stocks, Dollar Subdued at Start of Heavy Data Week

  Asian shares were flat overnight following an uninspiring end to last week from Wall Street. Europe's main bourses dipped early on as a 10 per cent slump in miner Glencore the collapse of takeover talks for Vodafone added to the subdued mood.

• MRPL Surges Over 4% on Buying Cargo of Djeno Crude

  Sources said the cargo, which Glencore sold at a roughly $5 per barrel discount to dated Brent on a loading basis, marks the first time the firm has bought Djeno.