Tagged in: Glencore

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China seeks more African oil downstream operations

Chinese government officials have hinted that oil companies from the Asian country could purchase more African oil downstream operations, this follows China Petroleum & Chemical Corporation’s (Sinopec) purchase last month of a controlling stake in Chevron’s southern African subsidiary, Caltex.…

State capture report raises the stakes for Zuma

A long-awaited report into government corruption in South Africa has alleged a litany of irregular links between the administration of President Jacob Zuma and the controversial Gupta family and ordered a judge-led inquiry to further investigate potential conflicts of interest.…

Glasenberg: Glencore committed to Africa

Glencore is committed to mining in Africa despite its recent decision to mothball operations in Zambia and the DRC, according to chief executive Ivan Glasenberg.…

Glencore’s SA coal mines under threat

International mining house Glencore is placing some of its South African coal operations under rescue proceedings, blaming the move on an “unsustainable” long-standing supply deal with power utility Eskom.…