Glencore Public limited company
Glencore PLC Contact Number / Address
Where is Glencore PLC headquarters?
Glencore PLC is located at Baarermattstrasse 3, PO Box 777, Baar 6341, Switzerland
Head office – Oil & Gas
50 Berkeley St, Mayfair, London W1J 8HD, United Kingdom
Head office – Agricultural products
Blaak 31, 3011 GA Rotterdam, Netherlands
Phone: +41 41 709 2000
Fax: +41 41 709 3000
For inquiries, you may contact them at [email protected]
What is Glencore PLC?
Glencore PLC is a multinational trading and mining company based in Switzerland and is the world’s largest diversified natural resource company globally. It is the leading integrated producer and marketer of different commodities. The company is primarily involved in the industrial materials and metals production as well as in the agricultural industry.
What does Glencore PLC do?
Glencore PLC mainly focuses in the production, processing, storing, transporting and marketing of different trade commodities. The company is divided into three operational segments: Metals and Minerals, Energy Products and Agricultural Products.
The Metals and Minerals segment engages in the mining, refinery and smelting of different minerals such as copper, nickel, iron ore, cobalt, lead, aluminium, ferroalloys and lead. It also manages the warehousing operations of these metals and minerals.
The Energy Products division is involved in the oil production and coal mining operations of the company. These energy products include steam and metallurgical coal as well as crude oil and other oil products. This segment also manages the storage and freight equipment and other facilities used for the operations. It also has heavy investments in vessels and ports.
Finally, the Agricultural Products segment is responsible for the production, processing, handling, storage and transportation of different trading commodities, which mainly include grains or wheat, edible oils or oils seeds and sugar. It also ventures in the production of corn, barley, cotton and other sources of biofuels.
Glencore PLC was founded in 1974 as Marc Rich & Co. AG. It initially focused on producing and marketing ferrous and non-ferrous metals and minerals, as well as crude oil.
In 1981, the company acquired Granaria, a Dutch grain company which eventually paved the way to the establishment of Glencore Agriculture. This followed the acquisition of Xstrata (previously Südelektra Holding AG), an Anglo-Swiss international mining company in 1990.
Five years later in 1995, Glencore expanded their minerals and metals portfolio and acquired Prodeco, a coal project in Colombia.
The year 2011 became the defining point in the rise of the company as Aabar Investments of the United States Emirates heavily invested on Glencore with $850 million in its Initial Public Offer (IPO), making it the largest shareholder of the company. The following year International Petroleum Investment Company also added another $392 million in investments for Glencore’s IPO.
In 2012 the company diversified its agricultural segment with the acquisition of Viterra, improving its business in Australia and Canada.
In 2013, Glencore successfully completed its merger and full collaboration with Xstrata. During that same year, Glencore was able to expand its operations in 40 countries worldwide, handling 3% of the world’s oil consumption.
In 2017 Glencore PLC explored its energy resources as it made a joint venture with G500 in Mexico to launch 2,000 G500-branded gas stations.
It further diversified its portfolio by investing in different countries such as Colombia, Ecuador, Zambia, Brazil, the Democratic Republic of the Congo.
Glencore PLC was founded by international commodity trader, businessman and hedge fund manager Marc Rich.
Ivan Glasenberg is currently the President and Chief Executive Officer of Glencore PLC.
Glencore PLC is a multinational and major producer of commodities, ranging from metals and minerals, energy resources to agricultural goods which all play a significant role in modern life. It primarily caters to industrial consumers and businesses such as power companies, international manufacturers and processors of food and oil, steel-makers and vehicle manufacturers.
The company turns over large amounts of trade commodities globally. In 2018 it has marketed and sold about 100 million metric tons of thermal coal and some 1.7 million barrels of oil products. During the same year it has also circulated different agricultural products globally: about 3.2 million metric tons of grains and 31.1 million metric tons of oil seeds. With its strong partnership with Xstrata, Glencore PLC has also developed its mining industry, producing about 746 thousand ounces of gold in 2012 to up to two million ounces in 2018 as well.
Putting “people at the heart of [their] business,” the company also continues to prioritize safety for everyone they consider as assets. It operates on a responsible production, processing and marketing of these natural resources and trade commodities and “seek to minimize impacts on the environment and its local communities.” Furthermore, the company follows the United Nations Principles on Business and Human Rights (UNGPs) and a sustainability framework with their department on Health, Safety, Environment and Communities (HSEC).
Glencore PLC is double-listed in the London Stock Exchange and Johannesburg Stock Exchange. It is also a constituent of Financial Times Stock Exchange 100 Index.
How large is Glencore PLC?
Glencore PLC serves as the global leader in the mining industry and commodity trading by revenue as of 2018, generating a total sales revenue of $220 billion.
It generates more revenues in the energy products segment, accounting for 63 percent of the company’s total revenues last 2018. It also generated a significant amount of sales revenues in the commodity trading more than in its mining and metals division.
Glencore PLC Projects
Here are some of the major production and mining operations of copper, cobalt, nickel, zinc, lead and ferroalloys.
- Katanga Mining (DRC)
- Mopani (Zambia)
- PASAR (Philippines)
- Altonorte (Chile)
- Nikkelverk (Norway)
- Raglan Mine (Canada)
- Murrin Murrin (Australia)
- Kazzinc (Kazakhstan)
- Nordenham (Germany)
Energy Product Segment
Here are some operations conducted by Glencore PLC in their energy segment, which includes coal and oil.
- Goedgevonden Complex (South Africa)
- Tweefontein Complex (South Africa)
In how many countries does Glencore PLC operate?
Glencore PLC operates in more than 50 countries with over 150 operational sites across the globe. Its mining segment mainly operates in Africa, Asia, Australia, North America and South America.
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