Glencore is proposing changes to Chief Executive Officer Gary Nagle's remuneration package that would allow him to access long-term share awards sooner if the mining group is acquired by another company.
Glencore is considering restarting South African coal growth projects that it shelved when the business fell below 50 million tonnes a year, as improving rail capacity revives the economics.
Congolese tax authorities sealed the offices of Glencore's Kamoto Copper Company in a dispute over payments the state says it is owed, though production was unaffected.
The Glencore-Merafe Chrome Venture will restart its Boshoek and Wonderkop ferrochrome smelters after finalising the detailed terms of a 62c/kWh electricity agreement with Eskom.
South Africa's energy regulator Nersa has approved a concessionary 62c/kWh electricity tariff for ten ferrochrome smelters run by Samancor and Glencore-Merafe, a 75% discount to Eskom's standard rate.
South Africa's energy regulator has approved a concessionary 62c/kWh Eskom tariff for Samancor Chrome and Glencore-Merafe's ferrochrome smelters, aimed at halting further plant shutdowns.
LSE: GLENDiversifiedGlencoreAnglo-Swiss commodity trader and miner listed in London and Johannesburg, and a member of the FTSE 100. Its industrial mining division spans copper, cobalt, zinc, nickel, coal and ferroalloys, complementing one of the world's largest physical commodity marketing businesses.
CopperKamoto Copper CompanyUnlisted Congolese copper and cobalt producer majority owned by Glencore, with the state miner Gécamines holding the remaining stake. Its Kamoto mine near Musonoi has been described as the world's largest active cobalt mine.
