A major milestone in Glencore’s growth story was its 2013 mega-merger with Xstrata — a $90bn deal that cemented its transition from trader to mining house.

At the time, Glencore had not wanted to list itself, opting rather to grow through two publicly listed vehicles: Enex Resources, which would be created to house the coal assets; and Xstrata, a ferrochrome producer, in which Glencore had a 40% stake...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now