Potential bidders are starting to line up for Anglo American PLC's (LSE:AAL) metallurgical coal arm as the group prepares to relaunch the sale of its five Queensland mines, according to a note from Panmure Liberum. The mines, including Grosvenor, Moranbah North, Aquila, Dawson and Jellinbah, produce around 15 million tonnes a year and were previously the subject of a $3.8 billion agreement with Peabody Energy, which the US group walked away from in August after citing a “material adverse change” linked to a March incident at Moranbah North.
Glencore plc (GLNCY) Analyst/Investor Day Transcript
The company plans to restart the Alumbrera copper mine in the fourth-quarter of 2026, with production beginning in the first half of 2028.
| Metals & Mining Industry | Materials Sector | Mr. Gary Nagle C.A. CEO | OTC PINK Exchange | JE00B4T3BW64 ISIN |
| CH Country | 84,146 Employees | 29 Aug 2025 Last Dividend | - Last Split | - IPO Date |
Founded in 1974 and headquartered in Baar, Switzerland, Glencore plc stands as a global leader in the commodities sector, specializing in the acquisition, production, refinement, processing, storage, transportation, and marketing of metals, minerals, and energy products. With operations sprawling across the Americas, Europe, Asia, Africa, and Oceania, Glencore operates under two main segments: Marketing Activities and Industrial Activities. This dual-structure enables the company not only to produce and market a diverse range of commodities but also to offer an array of services to both third-party producers and industrial consumers, encompassing financing, logistics, and more.
Glencore is involved in the production and marketing of a wide array of base and industrial metals, and minerals. This includes copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore. These products are pivotal in various industries, including battery manufacturing, electronics, construction, and automotive, indicating Glencore's integral role in global supply chains.
The company's energy portfolio encompasses coal, crude oil, refined oil products, and natural gas. Glencore is also engaged in oil exploration and production, as well as refining and distribution. These energy products support a wide spectrum of industries, from steel production to energy provision and oil industries, marking Glencore as a key player in global energy markets.
Glencore's marketing and distribution arm operates to supply physical commodities sourced both from third-party producers and from its own production. Specialized in catering to the needs of the battery, electronic, construction, automotive, steel, energy, and oil industries, the company's marketing efforts ensure the efficient distribution of essential commodities worldwide.
Beyond mere production and marketing, Glencore provides a suite of additional services that are critical to the functioning of the commodities market. This includes financing options for producers and consumers of commodities, logistical support ensuring the efficient transport and delivery of goods, and various other services designed to facilitate the seamless trade of commodities across the globe.