Glencore PLC (LON:GLEN)Mining
Founded in 1974, Glencore Plc is an Anglo-Swiss multinational commodity trading and mining company. It is one of the world’s largest globally diversified natural resource companies, with around 150 metallurgical, mining, and oil production assets across over 35 countries. The company produces and markets over 90 commodities and aims to be a leader in enabling decarbonisation of energy usage and help meet continued demand for the metals needed in everyday life while responsibly meeting the energy needs of today. Its industrial and marketing activities are supported by a global network of over 90 offices located in over 50 countries. The company is listed on the London Stock Exchange as LON: GLEN and is a constituent of the FTSE 100 Index. The company has a secondary listing on Johannesburg Stock Exchange as JSE: GLN.
The company operates through two business segments that include Industrial and Marketing. The Industrial segment is engaged in the production of copper, zinc/lead, iron ore, ferroalloys, nickel, alumina/aluminium, and silver from over 65 assets and it has interests in industrial assets such as smelting, mining, refining, and warehousing operations. The company is a major producer and marketer of coal, with mines in Africa, Australia, and South America and it is also a leading marketer of natural gas, crude oil, and refined products. The Marketing segment is engaged in the promotion and sale of produced goods worldwide. It physically sources commodities and products from our global supplier base and sells them to customers all over the world by sea, truck, and rail.
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