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Glencore CEO Gary Nagle

Glencore proposes pay change for Nagle in event of takeover

Glencore is consulting shareholders on a revised remuneration package for CEO Gary Nagle that would allow his long-term share awards to vest earlier in the event of a takeover.

Gary Nagle, CEO, Glencore

Glencore nears asset sales ahead of bumper payouts

Glencore is progressing on multibillion-dollar disposals in the DRC and Kazakhstan, potentially paving the way for bumper shareholder returns and major merger deals.

Euro, Hong Kong dollar, US dollar, Japanese yen, pound and Chinese yuan banknotes. Picture: REUTERS/JASON LEE

Rio Tinto proposes 56% pay rise for CEO

Rio Tinto has proposed raising CEO Simon Trott's target pay package by 56% to £9.8m as global miners face fierce competition for top executive talent.

A stack reclaimer with a pile of iron ore.  Picture: REUTERS

Iron ore hits two-year low as demand weakens

Iron ore prices have tumbled to their lowest levels in over two years, driven down by weakening steel demand in China and expanding global supply.

Photographer: Matt Jelonek/Bloomberg via Getty Images

Rio Tinto commits $1.9bn to Queensland bauxite project

Rio Tinto is investing $1.9bn in Queensland's new Kangwinan bauxite project to replace depleting production and boost capacity at its Weipa hub.

Copper cathodes

Ivanhoe Electric in advanced talks over Arizona copper

Ivanhoe Electric is holding advanced talks with prospective buyers for copper from its Santa Cruz project in Arizona, driven by growing demand from data centres and power networks.

Picture: REUTERS

Tech firms in talks over metals supply, says Wanblad

Technology companies building data centres for AI are in active talks with miners to secure direct supplies of critical metals like copper, says Anglo American CEO Duncan Wanblad.

The company logo adorns the side of the BHP gobal headquarters in Melbourne on February 21, 2023. The Australian multinational, a leading producer of metallurgical coal, iron ore, nickel, copper and potash, said net profit slumped 32 percent year-on-year to 6.46 billion US dollars in the six months to December 31. (Photo by William WEST / AFP) (Photo by WILLIAM WEST/AFP via Getty Images)

BHP axes 300 jobs as iron ore costs climb

BHP is cutting around 300 jobs across its Western Australian iron ore operations as falling commodity prices and rising fuel and shipping expenses erode margins.

Baobabs in Madagascar

Madagascar taps Gemcorp to raise up to $5bn

Madagascar's sovereign wealth fund has teamed up with Gemcorp Capital Management to raise up to $5bn for major energy, infrastructure, and critical minerals projects.