Glencore

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Group.png Glencore plc  Rdf-icon.png
Glencore logo.svg
Formation 1974
Founder Marc Rich
Location Baar,
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[[Switzerland
(Headquarters)|“Switzerland
(Headquarters)”]],
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[[
Jersey
(Registered office)|“
Jersey
(Registered office)”]]
Type Public limited company
Interests Mining, Commodities trading

Glencore plc (an acronym for Global Energy Commoditity Resources) is an Anglo–Swiss multinational commodity trading and mining company headquartered in Baar, Switzerland, with its registered office in Saint Helier, Jersey. The company was created through a merger of Glencore with Xstrata on 2 May 2013.[1] As of 2014, it ranked tenth in the Fortune Global 500 list of the world's largest companies.[2] It is the world's third-largest family business.[3]

As Glencore International, the company was already one of the world's leading integrated producers and marketers of commodities. It was the largest company in Switzerland and the world's largest commodities trading company, with a 2010 global market share of 60 percent in the internationally tradeable zinc market, 50 percent in the internationally tradeable copper market, 9 percent in the internationally tradeable grain market and 3 percent in the internationally tradeable oil market.[4][5][6]

Glencore had a number of production facilities all around the world and supplied metals, minerals, crude oil, oil products, coal, natural gas and agricultural products to international customers in the automotive, power generation, steel production and food processing industries.[5] The company was formed in 1994 by a management buyout of Marc Rich + Co AG (itself founded in 1974).[5] It was listed on the London Stock Exchange in May 2011 and was a constituent of the FTSE 100 Index.[7][8] It has a secondary listing on the Hong Kong Stock Exchange.[9] Glencore's shares started trading on the Johannesburg Stock Exchange in November 2013.[10]



References

  1. "Glencore finishes takeover of Xstrata". Financial Times. 2 May 2013. Retrieved 3 May 2013.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  2. "Glencore Xstrata". Fortune Global 500. 2013.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  3. "Relatively successful". Daily Chart. The Economist. 3 November 2014. Retrieved 20 November 2014.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  4. "Glencore: Taking over the world?". Aljazeera – Counting the Cost. 29 May 2011. Retrieved 31 May 2011.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  5. a b c Pidd, Helen; Glaister, Dan; Smith, David; Cobain, Ian (19 May 2011). "The rise of Glencore, the biggest company you've never heard of". The Guardian. London. Retrieved 25 May 2011.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  6. "Glencore's share of global commodity markets". The Telegraph. London. 15 April 2011. Retrieved 31 May 2011.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  7. "Glencore's shares flat on first conditional trading day". BBC News. 19 May 2011. Retrieved 25 May 2011.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  8. "Glencore jumps into FTSE 100". The Independent. 25 May 2011. Retrieved 25 May 2011.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  9. Thomas, Denny (25 May 2011). "Glencore's Hong Kong shares down 2.8 pct on trading debut". Reuters. Retrieved 24 May 2011.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  10. "Glencore widens investment appeal". FT. Retrieved 9 September 2014.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>