how much profit for xstrata sa

Glencore set for bumper profits in trading arm despite mining woes

30 Oct 2017 Glencore has shrugged off production problems in various parts of the world to inform investors that its lucrative trading business will make even more profit than expected this year

Glencore profit drive BusinessLIVE

24 Feb 2017 Glencore has declared a dividend of 7 US cents per share for its 2016 financial year that will be paid in two parts in the first and second half of 2017 The dividend The solution lay in changing the culture of the workforce in the DRC and Zambia which had been done successfully in SA and Kazakhstan

Glencore may seek partner for 973m swoop on Chevron SA assets

6 Oct 2017 GLENCORE has made light of the regulatory and political crisis in South Africa 39 s resources sector by offering nearly 1bn R13 7bn for control of US The assets which generated some 138m R1 9bn in pre tax profits for Chevron 39 s 2016 financial year will be bought from Off The Shelf Investments nbsp

How much do governments rake in Mining giants come clean on

6 Jul 2016 The South African government was eighth in line and receiving 83 5 million This is equivalent to 0 6 of total corporate income tax collected in the 2014 2015 tax year The commodities giant is based in the low tax jurisdiction of Switzerland Earlier this year Anglo American reported that in 2015 it had nbsp

Mining giant Glencore still suffering from major gamble on Xstrata

9 Oct 2015 Its 2 4 billion in profit may look sizable in absolute terms but it 39 s only about a third of the earnings that Royal Bank generated on its much skinnier revenues In fact Glencore 39 s profit margin has never Glencore has coal assets in Australia South Africa and Colombia Its Optimum Coal mine in South Africa nbsp

How Glencore 39 s Roller Coaster Ride Tamed Its Swashbuckling CEO

7 Sep 2016 In 1990 Glasenberg took over Rich 39 s coal division and started buying small mines in Colombia South Africa and Australia Back then Glencore 39 s trading operation was by far its biggest source of revenue and profit But Glasenberg who became CEO in 2002 thought mines smelters and pipelines offered nbsp

Topic Glencore Mining Weekly

By Creamer Media Reporter 7th December 2017 Diversified mining group Glencore has appointed the former governor of South Africa 39 s Reserve Bank Gill By Henry Lazenby 1st December 2017 The rate at which global automotive markets are adopting electric vehicles EVs is accelerating at a much faster pace than nbsp

Eskom gave the Guptas R600 million to buy a mine – after SA banks

21 Oct 2016 The revelation was made in the release of business rescue documents detailing the process that was followed on 11 April 2016 in attaining the money needed to complete the purchase of the mine from Glencore It was previously reported that Tegeta had received the money from Eskom – completely nbsp

Glencore to buy Chevron South Africa stake Chevron Botswana

6 Oct 2017 The assets include Chevron 39 s interests in its manufacturing retail and industrial supply business in South Africa and Botswana it said in a statement A rebound in commodity prices has boosted company profits giving Glencore and other miners more leeway to raise dividends buy back shares and snap nbsp

ARM Coal Goedgevonden GGV African Rainbow Minerals

ARM Coal Goedgevonden Coal Mine GGV The Goedgevonden Mine GGV is situated in the Witbank Coalfield about 7km south of the town of Ogies in Mpumalanga province South Africa ARM 39 s attributable beneficial interest in Goedgevonden 39 s operations is 26 The other 74 is held by Xstrata

Glencore boss pays himself 172m dividend despite 75 plunge in

5 Mar 2013 Glencore and mining group Xstrata both announced lower profits on Tuesday as they cleared the decks with a raft of writedowns ahead of their which suffered output losses due to worker unrest that last August resulted in 34 striking miners being shot dead by police in South Africa 39 s deadliest security nbsp

Glencore number of employees 2016 Statistic

Glencore plc was newly formed in May 2013 through a merger of Glencore with Xstrata This statistic shows commodities company GlencoreXstrata 39 s number of employees and contractors from 2012 to 2016 In 2013 the Global positioning Revenue profit Segment sales Other key figures Xstrata before the merger

How much you would get if South Africa 39 s richest men gave all their

5 Feb 2017 The Oxfam report in question singled out Wiese along with Glencore 39 s Ivan Glasenberg and Aspen Pharmacare 39 s Stephen Saad as having an obscene amount of wealth – equal to the same amount of wealth held by the poorest half of the country However much of the response to the report – from the side nbsp

Glencore The Inside Story of How It Dug Itself out of a Deep Hole

21 Jul 2016 The chief architect of this empire is Ivan Glasenberg 59 Glencore 39 s billionaire CEO a laser focused South African company lifer marathon cyclist and onetime But the world has not often experienced such a large scale and sustained bull market for raw materials as the one that has recently fizzled


GLENCORE PLC JSE GLN JSE GLN Share Price PE Sector Peers Directors SENS news and share price charts and comparisons on Fin24 com

Mineweb articles on Moneyweb

Anglo American Glencore face coal pay strike Paul Burkhardt Bloomberg 9 November 2017 1 NUM has maintained demands for a one time payment of R1 100 an 8 pay increase for 2018 and 9 for the following year

glencore on News24

SA seeks Glencore Vitol talks as legal fight looms 2017 10 11 11 30 South Africa plans to engage with traders who acquired strategic oil reserves two years ago even as it prepares legal action to try to cancel the deal

Copper and zinc help turn Glencore 39 s loss into profit BusinessLIVE

11 Aug 2017 Diversified global miner Glencore has significant growth options in copper and zinc the prices of which are benefiting from the roll out of electric vehicles and energy storage says CEO Ivan Glasenberg The group which has coal mines and ferrochrome smelters in SA turned its 2016 basic interim loss of nbsp

Xstrata Wikipedia

Xstrata plc was an Anglo Swiss multinational mining company headquartered in Zug Switzerland and with its registered office in London United Kingdom It was a major producer of coal copper nickel primary vanadium and zinc and the world 39 s largest producer of ferrochrome It had operations in 19 countries across nbsp

GlencoreXstrata The Profitable and Untethered March to Global

GlencoreXstrata The Profitable and Untethered March to Global Resource Dominance By Nina Aversano Titos Ritsatos † Motivated by the economic causes and at least 2002 when Xstrata acquired Australian and South African coal assets of worked for many years and was rewarded by the financial markets

Glencore Ltd Salary PayScale

Glencore Ltd Salary Get a free salary comparison based on job title skills experience and education Accurate reliable salary and compensation comparisons for South Africa

Glencore Annual Report 2016

1 Mar 2017 99 Directors 39 remuneration report 109 Directors 39 report Governance 116 Independent Auditor 39 s Report 126 Consolidated statement of income loss 20 Europe Nikkelverk 21 New Caledonia Koniambo Ferroalloys 22 Europe Glencore Manganese Group 23 South Africa Chrome and Vanadium

Glencore Wikipedia

Just before completing its forced April 2013 takeover of mining rival Xstrata as it awaited Chinese regulatory approval for its long planned merger the world 39 s largest diversified commodities trader the annual income of Glencore fell 25 percent as its trading division offset the impact of weak commodity prices Including the nbsp

Life under NT 39 s profit based royalty regime Xstrata has no complaints

9 Jun 2010 Under the Northern Territory 39 s profit based royalty regime Xstrata 39 s McArthur River mine has only paid royalties for 2 years out of the 15 years it has been operating Bernard Keane The mine did pay a royalty in 2008 a spokeswoman told Crikey although without revealing how much However none was nbsp