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.
Latest News
Vale and Port of Açu sign steelmaking decarbonisation Mega Hub agreement
(Posted on 26/09/23)Vale has announced that it signed a MOU with the Port of Açu to study the development of a Mega... Read more
European feed industry continues commitment to responsible soy
(Posted on 26/09/23)The European Soy Monitor 2021 has been published, containing an overview of estimations on the use of... Read more
BHP contributes $60 billion to Australian economy in FY23
(Posted on 19/09/23)BHP contributed $60 billion (AUD) in economic value to the Australian economy in the 2023 financial... Read more
BHP contributes $60 billion to Australian economy in FY23
(Posted on 19/09/23)BHP contributed $60 billion (AUD) in economic value to the Australian economy in the 2023 financial... Read more
Trafigura announces executive leadership changes
(Posted on 19/09/23)Trafigura Group Pte Ltd. has announced an evolution of its executive team to further strengthen leadership... Read more
World cereal production in 2023/24 seen on par with the 2021 record
(Posted on 12/09/23)The Food and Agricultural Organisation of the United Nations (FAO) forecast for global cereal production... Read more
Rio Tinto appoints new Aluminium Chief Executive
(Posted on 08/09/23)Rio Tinto has appointed Jérôme Pécresse to lead its Aluminium business, succeeding... Read more
US wheat growers express “unease” on final WOTUS Rule
(Posted on 04/09/23)The Environmental Protection Agency (EPA) and the Army Corps in the USA have announced the final definition... Read more
Shipowners shortchanged over grain cargoes, says Swedish Club
(Posted on 28/08/23)Despite the many and varied categories of cargo damage faced by shipowners transporting grain cargoes... Read more
La Granja joint venture transaction completed
(Posted on 28/08/23)Rio Tinto and First Quantum Minerals have completed a transaction to form a joint venture that will... Read more
