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Glencore shifts $30b in assets to Australia in major restructure

Peter Ker

Glencore has shifted more than $30 billion in foreign assets into an Australian subsidiary in a huge restructure designed to make it easier to strike a future mega-merger with a rival commodities giant.

Coal mines in Canada, South Africa and Colombia, a copper resource in Argentina and a South African manganese, chrome and vanadium business are among the assets shifted into the local Glencore Investment Pty Ltd.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/glencore-shifts-30b-in-assets-to-australia-in-major-restructure-20250529-p5m3dc