- About us
- IBJ Awards
- Free Sample
- Contact us
CFTC to investigate Glencore
(Posted on 29/04/19)
Glencore has been informed by the United States Commodity Futures Trading Commission (“CFTC”) that the CFTC is investigating whether Glencore and its subsidiaries may have violated certain provisions of the Commodity Exchange Act and/or CFTC Regulations through corrupt practices in connection with commodities.
Glencore understands that the CFTC’s investigations are at an early stage and have a similar scope in terms of subject matter as the current ongoing investigation by the US Department of Justice (“DOJ”).
Glencore will cooperate with the CFTC. Glencore’s response will be managed by its Investigations Committee, which was set up in July 2018 to oversee Glencore’s response to the investigation by the DOJ.
Glencore are one of the world’s largest globally diversified natural resource companies. Founded in the 1970s as a trading company operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities.
Rio Tinto and Caterpillar have signed a Memorandum of Understanding (MoU) for Caterpillar’s development... Read more
During a visit to ArcelorMittal Germany’s steel plant in Hamburg, Federal Environment Minister... Read more
Cargotec and SSAB have agreed to work on the introduction of fossil-free steel to the cargo handling... Read more
Australian mining’s long-term partnership with Japan on commodity trade to support economic growth... Read more
ADM has announced that the company has achieved net carbon neutral status for its U.S. flour milling... Read more
GrainGrowers has welcomed the announcement by Australia’s Federal Government to deliver a dedicated... Read more
Marathon Petroleum Corp and ADM have announced an agreement to form a joint venture for the production... Read more
Maritime law specialist Hill Dickinson has boosted its commodities expertise in Asia and the Far East... Read more
The USA’a National Grain and Feed Association (NGFA) has commended Senate lawmakers for passing... Read more
To accelerate its push to become a net-zero operator by 2050, BHP will become a founding member of Komatsu... Read more