Glencore Plc history, profile and corporate video
Glencore plc is a global diversified natural resource company with headquarters in Baar, Switzerland, its oil and gas head office in London and its registered office in Saint Helier, Jersey.
Glencore’s origins date back to 1974 when Marc Rich + Co AG was established, initially focusing on the marketing of ferrous and non-ferrous metals and minerals, crude oil and oil products.
In 1981, Granaria, a Dutch grain trading company was acquired, which later becomes Glencore Agriculture.
In 1993, after a management buyout from Marc Rich, the company was renamed Glencore.
In 2013, Glencore completed the merger with Xstrata, an Anglo-Swiss multinational mining company.
In 2016, the company sold 40% of Glencore Agricultural Products to CPPIB, and 9.9% to the British Columbia Investment Management Corporation.
The company operates through the following business segments: Metals & Minerals, Energy, Marketing, and Recycling.
Metals & Minerals
The Metals & Minerals segment produces and markets metals and minerals – such as copper, cobalt, zinc, nickel and ferroalloys – and also markets aluminium/alumina and iron ore from third parties.
The Energy segment produces and markets thermal coal, with mines in Australia, Africa and South America – while the company’s oil business markets crude oil, refined products and natural gas.
In the Marketing segment, Glencore is considered one of the world’s largest marketers of physical commodities.
The Recycling segment engages in the recycling of copper and precious metals.
With more than 135,000 employees, Glencore plc produces and markets more than 60 commodities, through approximately 150 assets and offices in over 35 countries.
Glencore is considered one of the world’s largest globally diversified natural resource companies. According to Forbes, it is considered one of the top 2000 largest public companies in the world.
*Information from Forbes.com, Wikipedia.org, and ”www.glencore.com”.
**Video published on youtube.com by “Glencore“.
***Video published on YouTube by “CompaniesHistory.com“.