Commodities trader and mining giant Glencore PLC (LON:GLEN) has hiked its offer to buy Rio Tinto PLC's (LON:RIO) Australian coal business, despite the fellow blue chip firm having agreed a deal to sell it to China-backed Yancoal earlier this week.
LONDON/VANCOUVER (Reuters) - Mining giant Glencore Plc is working with a Canadian pension fund to create a standalone 50:50 joint venture for its portfolio of royalty assets, two sources with knowledge with the matter said on Friday.
SAO PAULO (Reuters) - Glencore PlC (GLEN.L) has signed an agreement to invest up to 66 million reais (16.16 million pounds) into Brazilian copper producer Paranapanema SA, the Brazilian firm said in a securities filing.
CHICAGO (Reuters) - Global grain trader Bunge Ltd's sweeping plans to overhaul its business and cut costs may not be enough to compensate for weak earnings and could still leave it vulnerable to a new bid from diversified rival Glencore PLC. Bunge, the ...