Alex beard glencore biography of barack obama
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MAC: Mines and Communities
Source: Bloomberg, Mining.com
Glencore shares have suffered as the company faces up to a number of headaches.
The prime concern for them is a corruption and money-laundering probe launched in the US. Investigators have subpoenaed documents related to Glencore’s activities in the Democratic Republic of Congo, Nigeria and Venezuela. This follows on from a bribery investigation launched by Britain’s Serious Fraud Office.
As one article below notes "It’s becoming hard to keep track of all of Glencore’s legal battles".
On top of this an official statement has been presented to the United Nations Human Rights Council criticising the company for its rights record with labour.
Previous article on Glencore: Congo's miners face harsh new reality as mining law finalized
US probe darkens Glencore horizons from Africa to Americas
Bloomberg
4 July 2018
The U.S. corruption and money-laundering probe in
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Fiona Wild
Vice President, Climate Change and Sustainability
BHP
Dr Fiona Wild has almost 20 years’ experience in multinational oil, gas and resources companies, ranging from frontline operational management to corporate strategic development across a variety of countries and businesses. Born in Liverpool, UK, she holds a degree and PhD in chemistry from the University of Edinburgh. She began her career with oil and gas major BP p.l.c., working in various operational roles in both the upstream exploration and downstream refining businesses, before taking a corporate policy role at BP's headquarters in London. Moving to Australia with BP p.l.c. in 2002, Dr Wild worked in downstream operations and then spent fem years in External Affairs, focusing on national and international climate change policy development and advocacy. In this role, she gained extensive experience in carbon capture and storage (CCS) project and policy development, supporting BP p.l.c.’s Hydro
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Glencore boss fends off fury at his giant dividend
Ivan Glasenberg, chief executive of the commodities giant Glencore, is to invest his £70m dividend payment back into the company as he sought to fend off anger about exorbitant executive pay. He will instead reinvest the dividend, increasing his stake in a globe-spanning outfit of which he already holds 16 per cent.
Mr Glasenberg, a somewhat controversial head of a business that has faced questions on human rights, also predicted that Barack Obama will win the next US presidential election – as long as unemployment falls – and gave short shrift to those hoping he will increase Glencore's bid for Xstrata.
He was talking as Glencore reported a 28 per cent leap in revenues for 2011 to $186bn (£117bn). The company's profits were up by 7 per cent to $4bn on the back of higher prices for gold, oil and other commodities.
Some of those profits will go to shareholders in the form of a final dividend of 10 cents a share, of which the Glen