Glencore makes fresh bid for Teck coal arm as takeover battle takes new twist June 12, 2023 Glencore has redoubled its efforts to acquire Teck Resources, offering to buy its steelmaking coal business as a standalone company.
Glencore’s Teck saga continues with shareholders dithering over rival visions April 29, 2023 Teck's withdrawal of its demerger plans from the jeopardy of a shareholder vote this week is only the latest twist in an industry sage.
Glencore to pay Norsk Hydro £562m for Brazilian assets April 27, 2023 Norwegian aluminium producer Norsk Hydro will sell multiple mineral assets Swiss miner and commodity trader Glencore.
Teck Resources withdraws plan to split as Glencore circles miner April 27, 2023 Teck Resources has withdrawn its plan to split in two, a surprise development just ahead of a key shareholder vote.
Glencore willing to sweeten $23bn bid for Teck, ramping up pressure on board April 19, 2023 Glencore said today that it is willing to improve its $23bn (£19.7bn) bid for Teck Resources, ramping up the pressure on Teck's board to negotiate with mining giant.
FTSE 100 close: China economy growth spurt jolts London miners higher April 18, 2023 London’s FTSE 100 bumped upwards again today, boosted by stronger than expected Chinese economic growth boosting sentiment toward the capital’s biggest listed industrial giants. The capital’s premier index climbed 0.38 per cent to 7,909.43 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was broadly [...]
Glencore sweetens Teck takeover bid with cash option to sway shareholders April 11, 2023 Glencore proposed introducing a cash component to its $22.5bn bid for Teck Resources and urged its board to delay an impending vote.
Got the minerals? How Glencore’s failed takeover reflects urgency of green push April 4, 2023 Glencore’s failed takeover bid for Canadian miner Teck Resources reflects the growing urgency from miners to demerge from fossil fuels.
FTSE 100 close: London’s premier index falls as strong performance for miners not enough to tip market into green April 4, 2023 The FTSE 100 closed lower on Tuesday as markets ran out of steam despite a strong performance from many of the index’s mining giants. The capital’s premier index closed 0.5 per cent lower at 7,634.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, ended [...]
Glencore fined £582m by US court for bribing African and South American officials March 1, 2023 Glencore has been fined $700m (£582m) over the corruption scandal that saw the company’s execs pay more than $100m in bribes to officials in Africa and South America. A New York court has ordered Glencore to pay a $428.5m fine and forfeit a further $272m, after the commodities giant agreed a plea deal last May. [...]