Glencore International Net Worth is$45.9 B
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Company Name: Glencore International plc
Company Type: Public limited company
Traded As: GLEN, 0805
Foundation: 1974
Founder: Marc Rich
Location: Baar, Switzerland, Switzerland,
Area Served: Worldwide
Key People: Ivan Glasenberg (CEO), Simon Murray (Chairman)
Industry: Commodity, Metals and Mining
Products: Metals and minerals, energy products, agriculture products other raw materials
Revenue: url
Operating Income: net income
Aum:
Assets: equity
Num Employees: 57,656 (2011)
Homepage: http://www.glencore.com/
Glencore International plc is an Angloa??Swiss multinational commodity trading and mining company headquartered in Baar, Switzerland and with its registered office in Saint Helier, Jersey. It is the world's largest commodities trading company, with a 2010 global market share of 60 percent in the internationally tradeable zinc market, 50 percent in the internationally tradeable copper market, 9 percent in the internationally tradeable grain market and 3 percent in the internationally tradeable oil market.
Glencore has a number of production facilities all around the world and supplies metals, minerals, crude oil, oil products, coal, natural gas and agricultural products to international customers in the automotive, power generation, steel production and food processing industries. The company was formed in 1974 by a management buyout of Marc Rich & Co AG.
Glencore listed on the London Stock Exchange in May 2011 and is a constituent of the FTSE 100 Index. It has a secondary listing on the Hong Kong Stock Exchange.
According to an Australian Public Radio report, "Glencore's history reads like a spy novel". The company was founded as Marc Rich & Co. AG in 1974 by now-billionaire commodity trader Marc Rich, who was charged with tax evasion and illegal business dealings with Iran in the U.S., but pardoned by President Bill Clinton in 2001. He was never brought before U.S. justice before his pardoning, therefore there was never a verdict on these charges.
In 1993 commodity trading and marketing company Trafigura was "split off from" Marc Rich's group of companies. As physical commodities traders, along with Trafigura, Glencore's main rivals in 2011 were identified as Vitol and Cargill, amongst a number of others.
In 1993 and 1994, after failing to control the zinc market, losing $172 million and nearly bankrupting the company, Rich was forced to sell his majority share in Marc Rich & Co. AG back to the company. The enterprise, renamed Glencore, is now owned

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Glencore International Latest News

Glencore forms JV with Canada pension fund

Glencore has formed a 50:50 joint venture with the Ontario ... 15:41 IAG traffic rises in November, OpenSkies to cease operating British Airways and Iberia parent International Consolidated Airlines Group reported a rise in traffic for November as it ...
Posted: December 5, 2017, 8:33 am

Glencore and Ontario Teachers' Pension Plan announce the creation of a new partnership focused on base metals streams and royalties

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.
Posted: December 5, 2017, 4:32 am

Electric-Vehicle Boom Is a Boon for Coal King Glencore

Glencore says one selling point for its cobalt is that it isn’t tainted by “artisanal” mining, cobalt produced by independent miners in largely unregulated markets. Human-rights groups such as Amnesty International have criticized such mining ...
Posted: December 13, 2017, 2:03 am
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