Published 1 month ago • loading... • Updated 1 month ago

South African billionaire gains $360 million from Glencore shares after 2024’s $1.9 billion loss

Summary by Billionaires.Africa

Key PointsIvan Glasenberg's stake in Glencore gained $360 million in 25 days, partially recovering losses from a tough 2024 mining sector performance.Glencore's share price rose nearly 7%, boosting Glasenberg's holdings to $5.67 billion, following a $361 million increase in value.Glencore’s potential merger with Rio Tinto, driving a 6.8% share price rise, strengthens its market position and Glasenberg’s wealth.South African billionaire Ivan Glas…

This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

2 Articles

All

Left

Center

Right

Miningmx

Glencore could end share torpor with improved dividends

A DECISION in August by Glencore management to retain the group’s coal assets raises the possibility of much-improved cash dividends and cash generation, analysts say. That’s the central thesis for Glencore in 2025. The stock is down 16% over the last 12 months which looks overdone. The Swiss headquartered miner and minerals marketing firm bought Elk Valley Resources from Canada’s Teck Corp. last year, and intended to spin out its coal as it sou…

1 month ago

Read Full Article