Glencore: FTSE 100 mining giant opts against coal spin-off after investor feedback Commodities Glencore no longer plans to demerge its coal business after an “overwhelming majority” of shareholders told the mining giant to retain the division. The FTSE 100 constituent had planned to spin off its coal business after it completed the $7bn (£5.51bn) acquisition of Teck Resources’ steelmaking coal business in November last year. However, on Wednesday, [...]
Anglo American shareholders push for faster turnaround plan after BHP takeover swoop Mining Anglo American's largest shareholders are pressurising the company into publishing its turnaround plan as soon as it can to inform their views on the interest in the firm from BHP Group.
High commodity prices could keep inflation elevated, World Bank warns COMMODITIES The World Bank has predicted that commodity prices will fall just three per cent in 2024 and four per cent in 2025.