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LON100:GLEN, Dec 11, 04:49 UTC

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Saturday, December 08


News

Bunge Is Open to Talks With Glencore, ADM as CEO to Leave

GLEN

The imminent exit of CEO Soren Schroder, who had resisted approaches by suitors including Glencore Plc, comes little more than a month after the agricultural trading house reached an agreement with activist investors seeking to improve performance, the person said, asking not to be named ahead of an announcement. Bunge, which has struggled to navigate a years-long agricultural downturn and more recently a trade war between the U.S. and China, is open to reengaging with both Glencore and Archer-Daniels-Midland Co., the person said. ADM and a unit of Glencore held merger talks with Bunge in 2017 and earlier this year without reaching a deal. While Bunge isn’t actively seeking new talks, the fact that it doesn’t plan to appoint a new permanent CEO immediately creates an opportunity for rivals to re-approach the 200-year-old firm, the person said. Bunge intends to search inside and outside the company for a replacement in a process that doesn’t have a fixed deadline, the person said.

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Friday, December 07


News

Glencore’s (GLEN) “Overweight” Rating Reaffirmed at Barclays – PressOracle

AZN GLEN +1 more AZN GLEN AZN

Barclays’ target price would suggest a potential upside of 48.59% from the company’s current price. Goldman Sachs Group set a GBX 400 ($5.23) price target on Glencore and gave the stock a “buy” rating in a research note on Monday, November 12th. The company’s stock had a trading volume of 46,475,181 shares, compared to its average volume of 46,120,000. Glencore has a 12-month low of GBX 270 ($3.53) and a 12-month high of GBX 416.91 ($5.45).

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News

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Glencore PLC - GLNCY

GLEN

NEW YORK, Dec. 6, 2018 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Glencore PLC ("Glencore" or the "Company") (OTC MKTS: GLNCY). The investigation concerns whether Glencore and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On December 5, 2018, Brazilian prosecutors stated that Glencore, together with the commodity trading company Vitol, "paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may still be going on[.]" Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct.

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Thursday, December 06


News

SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Glencore Plc (GLNCY; GLCNF)

GLEN

NEW YORK, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Glencore Plc ("Glencore " or the “Company") (OTCMKT: GLNCY; GLCNF). On December 5, 2018, Brazilian prosecutors stated that Glencore, together with the commodity trading company Vitol, “paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may still be going on[. ]” Following these announcements, the price of Glencore securities fell sharply, damaging investors. If you are aware of any facts relating to this investigation, or purchased Glencore shares, you can assist this investigation by visiting the firm’s site: bgandg.com/glncy. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

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News

INVESTIGATION ALERT REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Glencore plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

GLEN

LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Glencore plc (“Glencore” or “the Company”) (OTC: GLNCY, GLCNF) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Reuters reported on December 5, 2018, that trading firms including Glencore have been accused by Brazilian prosecutors of paying more than $30 million in bribes to employees of Petrobras, a graft scheme that prosecutors believe may still be ongoing. We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge.

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News

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Glencore plc – GLNCY, GLCNF

GLEN

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Glencore plc (OTCMKTS: GLCNF, GLNCY) resulting from allegations that Glencore may have issued materially misleading business information to the investing public. On December 5, 2018, Reuters reported that Glencore and other trading firms paid over $30 million in bribes to employees of state-owned oil company Petróleo Brasileiro S.A. – Petrobras in a graft scheme that Brazilian prosecutors believe may still be ongoing. As part of the scheme, Petrobras employees offered the trading companies lower prices for oil, derivatives, and storage tanks, then shared in the savings. Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Glencore investors. If you purchased shares of Glencore please visit the firm’s website at https://www.rosenlegal.com/cases-1373.html to join the class action. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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Wednesday, December 05


News

Vale, Glencore team up to explore near Sudbury

GLEN

– Yesterday Vale and Glencore announced that they are planning to create a joint feasibility study to explore and develop mineralization accessible from Glencore’s Nickel Rim South mine. The study will include both economic and technical feasibility for using the infrastructure – shaft, underground development, surface facilities – of the Nickel Rim mine that is expected to exhaust its reserves in 2022. “Assuming a successful outcome to our study, this synergy could also lead to significant value generation – including job creation – at a time when the medium to long term market outlook for both nickel and copper looks very promising,” he added. “Assuming a positive outcome from the joint feasibility study, there are multiple benefits to the potential of coming together to mine deposits adjacent to boundaries that are accessible from Glencore’s Nickel Rim South mine infrastructure,” said Peter Xavier, VP of Glencore’s Sudbury Integrated Nickel Operations.

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News

Will the Glencore or 88E share prices make you rich in 2019?

GLEN VZ

Will the Glencore or 88E share prices make you rich in 2019? Should you put your faith in mighty miner Glencore(LSE: GLEN), a FTSE 100 fixture with a market-cap of almost £42bn, or minnow oil driller 88 Energy (LSE: 88E), worth a meagre £60m, but with dreams of an Alaskan-sized future? Big or small, both miners have one thing in common… 2018 was tough, with Glencore down 26% year-to-date and 88E down 40%. Glencore may be one of the world’s largest miners, with exposure to more than 90 commodities and an added layer of diversification generating a third of its profits from its commodity marketing division, but that doesn’t make it bullet-proof. As well as the global slowdown it also has to contend with an ongoing money-laundering investigation from the US Department of Justice, which has ordered it to hand over documents about its business in the Democratic Republic of Congo, Venezuela and Nigeria, raising the threat of massive fines.

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News

Glencore's Singapore head of oil becomes LNG boss as Mark Catton retires

GLEN

* Glencore (Frankfurt: 8GC.F - news) began LNG trading in 2013. LONDON, Dec (Shanghai: 600875.SS - news) 4 (Reuters) - Glencore's head of oil in Singapore Chin Thean Quek has become the new director of the company's liquefied natural gas (LNG) division after veteran Mark Catton retired at the end of October, sources familiar with the matter said. Maxim Kolupaev was formally made head of crude oil a few months ago under global head of oil and gas Alex Beard. Major global trading firms like Glencore's rivals Vitol, Gunvor and Trafigura have dived into the LNG market where they see new opportunities for spot trade and in the fastest growing consumers like China, India and Pakistan.

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Tuesday, December 04


News

Glencore's Singapore head of oil becomes LNG boss as Mark Catton retires

GLEN

LONDON (Reuters) - Glencore's head of oil in Singapore Chin Thean Quek has become the new director of the company's liquefied natural gas (LNG) division after veteran Mark Catton retired at the end of October, sources familiar with the matter said. Another long-time employee, head of copper marketing Telis Mistakidis, is retiring this year and chief executive Ivan Glasenberg said he wants to retire by the time he is 65. Maxim Kolupaev was formally made head of crude oil a few months ago under global head of oil and gas Alex Beard. Chin Thean Quek, an ex-Goldman Sachs and BP trader, took over from Catton in Singapore and has added LNG to his responsibilities.

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