Global News

TIMELINE

A Year of Change at

October 2020

As the global sustainability drive promotes a shift in global industry purchasing, the mining industry is gearing up for the abolishment of coal and the spike in other resources. We take a look at some of the industry actions of Glencore during the past year. A year of significant change.

January 2021 April 2021

Signs £136.1mn Deal with Sandvik Glencore signed a deal with Sandvik for the procurement of underground and mobile mining equipment for its metal mining operations in Queensland, Australia.

Sells Majority Stake in Zambian Copper Mine Glencore relieved itself of its 90% share of the struggling business practices at the Mopani Copper Mines. Zambia, to the statecontrolled investment organisation, ZCCM Investment Holdings.

Signs MOU with China Huaneng Group on CCUS project China Huaneng Group Clean Energy Research Institute and Carbon Capture Transport and Storage Company of Glencore sign a Memorandum of Understanding (MOU) for the cooperation on carbon capture utilisation and storage (CCUS) technology.

May 2021 June 2021 July 2021

Strikes a deal with Katanga over US$5.8bn rights issue Glencore relieved itself of its 90% share of the struggling business practices at the Mopani Copper Mines. Zambia, to the statecontrolled investment organisation, ZCCM Investment Holdings.

Acquires shares in the Cerrejón mine

Glencore buys shares of Cerrejón in Colombia from Anglo American and BHP to obtain 100% ownership of the coal mine—closing a joint venture between the three companies.

Appoints Gary Nagle as CEO

Gary Nagle joined Glencore in 2000 and has now been appointed as the company’s CEO, succeeding the previous executive Ivan Glasenberg.