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 INTERNATIONAL

Overall, 91% of graduates who were eligible and opted for placements have been placed with the highest package of Rs 29.76 lakh. A deal, which they said could be for Rs 50-75 crore, would mark Switzerland-based Glencore's entry into India. CEFC has long ...
Posted: May 16, 2018, 5:00 pm

Illumiti client Glencore International wins SAP Switzerland’s Gold…

“Congratulations to the entire team for this exciting award. We were very happy to have partnered once again with Glencore” Illumiti today announced that its client Glencore International AG is the gold winner of SAP Switzerland’s 2018 Quality Award ...
Posted: March 23, 2018, 6:10 am

Market report: Investors dump Glencore amid rumours of SFO investigation

Glencore, along with other international miners, is also at loggerheads with the DRC government over a new mining code that imposes higher taxes. Glencore’s 17.5p tumble to 380.4p almost single-handedly stopped the FTSE 100 from inching up to another ...
Posted: May 18, 2018, 1:25 pm
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