glencore in A Sentence

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    Glencore International PLC.

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    Rio's London-listed shares rose 0.7 percent, while Glencore's were flat.

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    Chad devotes 85 percent of its oil revenue(its primary export) to repaying Glencore.

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    In Chad, a single company, Glencore, holds 98 percent of the country's commercial debt.

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    In May, Bloomberg reported that Britain's Serious Fraud Office was investigating Glencore's activities in the DRC.

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    Glencore has a large warehouse complex supporting its animal feed import activities and its exports of grain.

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    Transnational institutions like the World Bank are at 35 percent, while private creditors like Glencore hold 32 percent.

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    But Rio Tinto also decided to exit its Australian coal business, selling out to Yancoal Australia and Glencore.

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    Miner-trader Glencore has a stake in DeepGreen which would eventually give Glencore 50 percent of any copper and nickel output.

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    Analysts said the price for Hail Creek and Valeria looked good for Rio Tinto while not too expensive for Glencore.

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    Same goes for Glencore, and both these companies are probably calculating that the monetary rewards from coal still outweigh any public backlash.

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    Gait said that he was bullish on metallurgical coal prices, now above $200 a tonne, which would help justify the price Glencore agreed to pay.

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    Tohoku Electric, a major Japanese utility, and Glencore, the world's biggest exporter of seaborne thermal coal, abandoned the talks last month on their annual Australian supply contract.

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    Glencore is already the world's biggest exporter of thermal coal used for power stations, and Hail Creek will give it a bigger stake in metallurgical coal used for steelmaking.

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    Washington slapped sanctions on 13"human rights abusers and corrupt actors" in December last year, including Israeli billionaire Dan Gertler, who was Glencore's former partner in the DRC and is a close friend of Congo's president.

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    Glencore clearly have synergies in terms of both the operating and, physically, the marketing of these assets and when I look at the price that they have acquired these things for, it doesn't seem to me to be exorbitant," he said.

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    Glencore is committed to complying with all applicable sanctions in its business and is taking all necessary measures in order to mitigate any risks to Glencore's business as a result of the designation of Rusal and EN+ as SDNs(specially designated nationals), including in respect of secondary sanctions," Glencore said in a statement.

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    Because Tohoku already signed some deals with smaller suppliers when spot prices were lower, they were not willing to pay significantly more for coal from their biggest supplier, Glencore,” said one source with knowledge of the matter who declined to be named as he was not authorized to speak publicly about commercial deals.

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    Because Tohoku already signed some deals with smaller suppliers when spot prices were lower, they were not willing to pay significantly more for coal from their biggest supplier, Glencore,” said one source with knowledge of the matter who declined to be named as he was not authorised to speak publicly about commercial deals.

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