Glencore News

De Beers, the world's leading diamond exploration, mining and marketing company, producing over 30 million carats of diamonds per annum, 35 per cent of global rough diamond production.

Glencore said in a statement that CEFC will buy shares at a premium of around 16 percent to the 30-day volume weighted average price of Rosneft shares without naming the price. A CEFC spokesman said the company would pay $9.1 billion.

Adani Enterprises Tuesday said it has bought its partner's 49 percent stake in Chemoil-Adani Pte Ltd joint venture, which supplies bunker fuel to vessels in Mundra and other ports.

Swiss mining giant Glencore on Wednesday reported a first-half loss of $676 million (620 million euros), a performance hit by what the company called the worst commodities market since the financial crash of 2008-09.

Indian flour millers and the local units of global trading giants have sewn up deals to import 500,000 tonnes of premium Australian wheat since March, trade sources said, the biggest such purchases in over a decade, despite surplus stocks at home.

Mining and commodities giant Glencore on Wednesday announced plans to unload its 23.9 percent stake in South African platinum producer Lonmin and distribute the shares to its own shareholders.

The move underscores producer concerns about over-supplied coal markets and was supported by a senior industry official in Indonesia, the world`s largest exporter of thermal coal ahead of Australia.

Global mining major Rio Tinto on Tuesday said it has rejected merger bid from diversified natural resource company Glencore.