GLENCORE OPERATIONS SOUTH AFRICA (PTY) LTD is located in GAUTENG, Gauteng, South Africa and is part of the Metal Ore Mining Industry.
What does Glencore South Africa do?
About Glencore in South Africa
We are committed to the development of the country and contribute to employment, infrastructure development, training and education and other development initiatives dedicated to the advancement of communities near our operations.
How many mines does Glencore own?
Our operations comprise around 150 mining and metallurgical sites and oil production assets.
Who owns Glencore South Africa?
On Friday, the South African-born CEO of Glencore, Ivan Glasenberg, announced that he will retire in the first half of 2021. The 63-year-old is CEO of the world’s biggest commodity trading firm. Glencore buys and sells coal and other commodities, and also owns a number of mines.
Why are coal mines shutting down in South Africa?
Mines in SA, the source of most of the world’s platinum group metals (PGMs), chrome and manganese, will shut for three weeks as the country goes into a lockdown to stem the infection rate of Covid-19.
Is Glencore a South African company?
GLENCORE OPERATIONS SOUTH AFRICA (PTY) LTD is located in GAUTENG, Gauteng, South Africa and is part of the Metal Ore Mining Industry. GLENCORE OPERATIONS SOUTH AFRICA (PTY) LTD generates $33.88 billion million in sales (USD).
How many coal mines are in South Africa?
There are 19 coalfields in the country and they are largely located in the north- eastern quarter of the country, i.e. Mpumalanga, Limpopo and extend to KwaZulu-Natal and the Free State.
Who owns the biggest mining company in the world?
Glencore, which was founded in 1974 and is headquartered in Baar, Switzerland, is the largest mining company in the world. The Anglo-Swiss multinational miner brought in $215bn at the end of the 2019-20 fiscal year, placing it as the 17th-largest company overall on the 2020 Fortune Global 500 list.
Is Glencore a good investment?
Glencore has been a cash-generative business. I personally like companies with good free cash flows. The low production costs have helped the company to reap good profits. … Also, higher copper prices helped the company to realise better prices in the market.
Who owns Mt Isa mine?
Mount Isa Mines Limited (“MIM”) operates the Mount Isa copper, lead, zinc and silver mines near Mount Isa, Queensland, Australia as part of the Glencore group of companies. For a brief period in 1980, MIM was Australia’s largest company.
Mount Isa Mines.
What does Glencore produce?
We produce and market a diverse range of metals and minerals – such as copper, cobalt, zinc, nickel and ferroalloys – and also market aluminium/alumina and iron ore from third parties.
What is Ivan Glasenberg worth?
6.4 billion USD (2021)
Who owns Optimum coal mine?
Records show that the Optimum mine has been operating since at least 2002, when it was recorded as having an annual capacity of 13,100 million tonnes. In 2008, BHP Billiton Energy Coal South Africa Ltd sold Optimum mine to Optimum Coal Holdings Ltd.
How many abandoned mines are in South Africa?
Today, there are an estimated 6,000 abandoned or disused mines across South Africa, the vast majority of them found along the so-called Golden Arc – the elliptical basin that spans the breadth of Johannesburg and continues into the neighbouring Free State and North West provinces.
What do they mine in South Africa?
Although gold, diamonds, platinum and coal are the most well-known among the minerals and metals mined, South Africa also hosts chrome, vanadium, titanium and a number of other lesser minerals.
Where in South Africa is gold mined?
The Witwatersrand gold-producing area in South Africa is underlain by an underground geological formation also known as the Witwatersrand Basin. It lies on the Kaapvaal Craton, and is one of the world’s largest gold placer deposits.