TOC EventsCimbriaPort of StocktonTelestackTMS Awards 2021Bühler GmbH
  • Sailors Society
  • TBA Group
  • Bühler GmbH
  • Van Aalst
  • Port of Stockton
  • Cimbria

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

Rio Tinto teams with Caterpillar for zero-emissions autonomous trucks

(Posted on 16/09/21)

Rio Tinto and Caterpillar have signed a Memorandum of Understanding (MoU) for Caterpillar’s development... Read more


German government commits to fund ArcelorMittal Hydrogen DRI plant

(Posted on 13/09/21)

During a visit to ArcelorMittal Germany’s steel plant in Hamburg, Federal Environment Minister... Read more


Fossil-free steel pioneered in cargo handling industry

(Posted on 07/09/21)

Cargotec and SSAB have agreed to work on the introduction of fossil-free steel to the cargo handling... Read more


Australian mining well placed to support Japan’s decarbonisation efforts

(Posted on 02/09/21)

Australian mining’s long-term partnership with Japan on commodity trade to support economic growth... Read more


ADM announces industry’s first carbon neutral milling operations

(Posted on 31/08/21)

ADM has announced that the company has achieved net carbon neutral status for its U.S. flour milling... Read more


Australian grain growers welcome Ag Visa despite tight timing

(Posted on 27/08/21)

GrainGrowers has welcomed the announcement by Australia’s Federal Government to deliver a dedicated... Read more


Marathon to invest in ADM’s soybean facility

(Posted on 23/08/21)

Marathon Petroleum Corp and ADM have announced an agreement to form a joint venture for the production... Read more


Hill Dickinson consolidates commodities expertise

(Posted on 20/08/21)

Maritime law specialist Hill Dickinson has boosted its commodities expertise in Asia and the Far East... Read more


NGFA commends US Senate for infrastructure deal

(Posted on 12/08/21)

The USA’a National Grain and Feed Association (NGFA) has commended Senate lawmakers for passing... Read more


BHP revs into Komatsu's GHG Alliance

(Posted on 09/08/21)

To accelerate its push to become a net-zero operator by 2050, BHP will become a founding member of Komatsu... Read more


Van AalstThe Wolfson Centre for Bulk Solids Handling Technology Cleveland Cascades LtdViganTBA GroupCoaltrans Asia 2021
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Vigan

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping