Why is Glencore share price dropping?

Why is Glencore share price dropping?

Glencore shares slump Glencore’s shares have fallen 6% after it announced that the Serious Fraud Office is investigating “suspicions of bribery in the conduct of business” at the mining group.

Who owns Glencore shares?


Type Public limited company
Total equity US$36.917 billion (2021)
Owner Qatar Holding LLC (9.17%) Ivan Glasenberg (9.10%)
Number of employees 135,000 (2022)
Website www.glencore.com

Does Glencore own Xstrata?

“In February 2012, Glencore finally launched its bid to acquire the 66% stake in Xstrata which it does not already own.”

Who owns Glencore mine?

Glencore CEO Ivan Glasenberg owns 8.4 per cent of Glencore stock, tying his personal fortune to that of the company.

Does Glencore pay a dividend?

The previous Glencore plc dividend was 2.8891p and it went ex 7 months ago and it was paid 6 months ago. There are typically 2 dividends per year (excluding specials), and the dividend cover is approximately 1.8….Dividend Summary.

Summary Previous dividend Next dividend
Pay date 21 Sep 2021 (Tue) 20 May 2022 (Fri)

Can I buy Glencore stock?

You can buy and sell Glencore ordinary shares through a financial adviser or stockbroker, a bank or building society. The commission charges for buying and selling shares will vary depending on the organisation.

What mines does Glencore own?

Coal. Glencore is Australia’s largest coal producer, with 17 mining operations across New South Wales and Queensland. Our coal is exported from Abbot Point, Dalrymple Bay, Wiggins Island and RG Tanna coal terminals in Queensland, and from the port of Newcastle in New South Wales.

Which companies does Glencore own?

Joint Venture beneficial ownership

JV Name Country of operation Glencore’s holding interest %
Glencore Bakwena-Ba-Mogopa Rhovan Pooling and Sharing Joint Venture South Africa 74%
Izimbiwa Coal (Pty) Ltd South Africa 49.9%
Impala Chrome Proprietary Limited South Africa 24.8%
Merafe Resources Limited South Africa 29%

What mines do Glencore own?

Glencore’s website lists its operations in NSW as Bulga, Hunter Valley Operations (with joint owner Yancoal), Integra, Liddell, Mangoola, Mount Owen, Ravensworth and Ulan. Its operations in Queensland are Cleremont, Collinsville, Hail Creek, Newlands, Oakey Creek and Rolleston.

Is Glencore stock a buy?

Glencore has received a consensus rating of Buy.

Does Glencore own refineries?

Glencore and Astron Energy have agreed to invest up to $46mn in the refinery to 2024 in order to improve performance. The trader owns a 75% stake in the plant. It has agreed to increase black economic empowerment ownership to 35%, from 25%, by 2026. An accident in 2020 took the refinery offline.