Glencore plc

Glencore plc is a Swiss-based diversified natural resources commodity company. Between May 2013 and May 2014 Glencore was known by the name Glencore Xstrata after Glencore’s $30 billion dollar acquisition of mining giant Xstrata [1].

Glencore operates in three main areas: metals and minerals, energy products, and agricultural products [2] Glencore controls around 30% of the global trade in thermal coal and is the third largest producer of copper, the fourth largest of nickel, and the world’s largest producer of zinc, led, and ferrochrome [3]. Their customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing. They also provide financing, logistics and other services to producers and consumers of commodities and they employ around 200,000 people.

Glencore is a participant of the UN Global Compact.

Read the statement of Glencore on the Dirty Profits 2 report

Investor information correct as at publication of Dirty Profits 3. On September 9 2014, Glencore issued a further bond amounting to 700 Million Euro. Lead manager was among others the RaboBank [4].

[1] Ferreira-Marques, C. (2013): Glencore seen still hungry after swallowing Xstrata: uk.reuters.com/article/2013/05/02/glencore-xstrata-idUKL6N0DI21M20130502

[2] Glencore Xstrata (2013): About Us: At A Glance: www.glencorexstrata.com/about-us/at-a-glance/ (accessed 30.07.2013)

[3] Chandrasekhar, C. (2012): A Glencore-Xstrata merger threatens the world’s poorest: www.theguardian.com/commentisfree/2012/feb/09/glencore-xstrata-mergerworld-poorest

[4] Reuters (2014): New Issue-Glencore prices 700 mln Euro 2022 bond; 9 September: http://www.reuters.com/article/2014/09/09/idUSL3N0RA3CT20140909 (accessed 30. 09.2014)

Registered business address:
Baarermattstrasse 3, 6340 Baar, Schweiz
Switzerland, Swiss Confederation

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