Latest News for: Swiss commodity


Trafigura staff ‘complicit in nickel fraud’

The Times/The Sunday Times 06 Dec 2023
The privately owned Swiss commodities trading giant is embroiled in a high-profile lawsuit against Prateek Gupta, an Indian businessman, who Trafigura alleges masterminded a huge fraud against the company. Sponsored ... .

Roche buys weight-loss pill maker Carmot Therapeutics

Taipei Times 04 Dec 2023
Roche Holding AG has agreed to buy Carmot Therapeutics Inc, the developer of a new kind of weight-loss treatment that is the hottest commodity in the pharmaceutical industry, in a deal that could eventually push the Swiss drugmaker into competition with European rival Novo Nordisk A/S.

Statistics are not about what they reveal, but what they conceal

Independent online (SA) 04 Dec 2023
The first was the inauguration of the Black Agriculture Commodities Federation, held at the Agricultural Research Council, where I delivered a keynote address; the second was at the Swiss Embassy, where we discussed confronting scarcity, with specific emphasis on food ... The Swiss Embassy holds a St.

Zambia selects UAE firm as strategic partner to develop Mopani mine 01 Dec 2023
LUSAKA, Dec ... Since assuming control of Mopani Copper Mines from Glencore in 2021, Zambia has been on the lookout for a new investor for the assets, following an agreement to pay the Swiss commodities company 1.5 billion U.S. dollars in a debt-funded deal. Enditem .

Zambia selects UAE's IHC unit as new partner in Mopani Copper Mines

Reuters 01 Dec 2023
Mopani is currently owned by ZCCM, the Zambian government's investment arm ... Zambia has been searching for a new investor for Mopani since it took control of the assets from Glencore in 2021 after agreeing to pay the Swiss commodities giant $1.5 billion in a deal funded by debt ... 10, citing a source ... Our Standards ... Acquire Licensing Rights ... ....

Proposed NewRange copper-nickel mine in Minnesota suffers fresh setback on top of years of delays

Times Union 29 Nov 2023
Administrative Law Judge James LaFave said in a ruling late Tuesday that the design for the mine's waste basin won’t adequately prevent water pollution ... Swiss commodities giant Glencore in recent months upped its stake to become the sole owner of PolyMet Mining ... Other environmental groups also welcomed the ruling ... “The crux of the issue is simple ... .

European country imports ‘banned’ Russian gold

Russia Today 26 Nov 2023
... Western sanctions, the latest data from the Swiss Federal Council has revealed ... However, the Swiss regulation states that gold that was produced in Russia before the embargo is not subject to sanctions, meaning that the commodity can be legally imported from third countries.

Switzerland seeks data on commodity trading in face of Russia-Ukraine war

Swissinfo 23 Nov 2023
The Swiss government will begin collecting data from commodity trading companies as the war in Ukraine highlights the importance of the sector both domestically and for foreign policy, the Federal ...

Philippines’ First Gen awards second LNG tender to Trafigura

Hellenic Shipping News Worldwide 21 Nov 2023
... of liquefied natural gas (LNG) to Swiss commodity trader Trafigura.

Glencore gets one over Nersa and municipality in surcharge on the price of electricity

Business Day 21 Nov 2023
Glencore, a Swiss multinational commodity trading and mining company, and Merafe Resources have been in a chrome joint venture for more than a decade, with the latter being the junior empowerment partner. The joint venture finds expression through a pooling and sharing venture (PSV) ... It has two other smelters in Mpumalanga and Limpopo.


Economist 16 Nov 2023
Japan’s economy shrank by 2.1% on an annualised basis in the third quarter, or by 0.5% on the previous quarter, amid weak household consumption and business spending ... Its share price is up by 240% since the start of January ... The Swiss commodities company is taking a 77% stake, with Nippon Steel of Japan and POSCO of South Korea owning the rest ... .

Glencore takes majority stake in Canadian coal business

Independent online (SA) 15 Nov 2023
Swiss commodities giant Glencore will acquire a majority stake in the steelmaking coal business of Canadian miner Teck Resources, the companies said yesterday, capping fraught negotiations between the groups ... Glencore, which is active in commodity trading and mining, had unveiled ...

ALEX BRUMMER: Fresh blow to City as Glencore snubs London and heads West

This is Money 15 Nov 2023
The Swiss-based mining and commodity trader Glencore has never disguised its continued interest in coal, which has proved a great money spinner ... Successor Gary Nagle has gone one better by spending £5.7billion on buying 77 per cent of Canada-based Teck Resources’ metallurgical coal assets ... ....