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Glencore plc is a Anglo-Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland.Glencore's oil and gas headquarters are in London, England as well as its primary listing being on the London Stock Exchange, and it is one of the largest components of the FTSE 100 by market capitalization.
The Kroondal mine is a large open pit mine located in the north-western part of South Africa in Rustenburg, North West. Kroondal represents one of the largest platinum reserves in South Africa having estimated reserves of 6.2 million oz of platinum. [2] The mine produces around 217,000 oz of platinum/year. [2]
Glencore already owns 82% of PolyMet Mining and has long been the project's main financial backer. It offered Monday to pay around $71 million to raise that stake to 100%, which would take St ...
The Hail Creek Coal Mine is a coal mine located within the Bowen Basin at Hail Creek in the Isaac Region, Central Queensland, Australia. The mine has coal reserves amounting to 970 million tonnes of coking coal, one of the largest coal reserves in Asia and the world. The mine has an annual production capacity of 5.5 million tonnes of coal. [1]
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Sir Michael Lawrence Davis (born 15 February 1958) is a British-South African businessman, financier, philanthropist, and former politician. [2] [3] Davis was the chief executive (CEO) of Xstrata plc, an Anglo-Swiss multinational mining company, until its merger with Glencore in 2013, and former chief executive and treasurer of the Conservative Party.
The mine has an annual production capacity of 14 million tonnes. [1] It is one of numerous coal mines in the Bowen Basin. The mine is wholly owned by Glencore. [2] Xstrata acquired it from Mount Isa Mines in 2003, proceeded with development, [3] and began mining operations in 2005. [3] Glencore merged with Xstrata in 2013.
In March 2016, one of the walls of the mine collapsed, killing seven employees. [7] [8] During the fourth quarter of 2017, the mine produced 433,169 tons of ore, resulting in 9,459 tons of copper. [9] In 2019, a second collapse at the mine killed at least 41 artisanal miners working at the site. [5]