Архив меток: glencore

visualcapitalist.com: The Top 100 Companies: Revenue vs. Profit

http://www.visualcapitalist.com/top-100-companies-revenue-profit/

i/ ни одной горнодобывающей (mining) компании в списке
ii/ Роснефти тоже нет, а Газпром есть 🙂

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Alenka Capital: Динамика бумаг крупнейших горнорудных компаний в мире

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ft.com: нефть и газ, горнодобывающая промышленность

Сегодня у ft.com день бесплатного доступа
Наиболее интересные на мой взгляд графика и ссылки в разделах нефть и газ, горнодобывающая промышленность

http://blogs.ft.com/nick-butler/
http://ftalphaville.ft.com/
http://markets.ft.com/research/Markets/Sectors-And-Industries/Oil-and-Gas
http://markets.ft.com/research/Markets/Sectors-And-Industries/Basic-Materials

http://www.ft.com/intl/companies/energy
http://www.ft.com/intl/companies/mining
http://www.ft.com/intl/companies/oil-gas

http://www.ft.com/intl/companies/utilities
http://www.ft.com/intl/markets/commodities

http://www.ft.com/intl/fastft?q=oil+gas+mining
http://www.ft.com/intl/fastft?q=topic%3AOil
http://www.ft.com/intl/fastft?q=topic%3ACopper
http://www.ft.com/intl/fastft?q=company%3A%22Rio%20Tinto%22
http://markets.ft.com/research/Markets/Tearsheets/Summary?s=RIO:LSE

http://www.ft.com/intl/indepth/living-with-cheaper-oil
http://www.ft.com/intl/indepth/new-oil-order
http://www.ft.com/intl/reports/modern-energy
http://www.ft.com/intl/indepth/gold

http://www.ft.com/intl/topics/themes/Copper
http://www.ft.com/intl/topics/themes/Gold
http://www.ft.com/intl/topics/themes/Industrial_metals
http://www.ft.com/intl/topics/themes/Oil
http://www.ft.com/intl/topics/themes/Shale_Oil_and_Gas
http://www.ft.com/intl/topics/themes/UK_energy

http://www.ft.com/topics/places/China
http://www.ft.com/topics/places/Saudi_Arabia

http://ftalphaville.ft.com/tag/copper/
http://ftalphaville.ft.com/tag/gas/
http://ftalphaville.ft.com/tag/mining/
http://ftalphaville.ft.com/tag/oil/
http://ftalphaville.ft.com/tag/opec/


http://www.ft.com/intl/fastft?q=uranium

World Platinum Investment Council http://www.platinuminvestment.com
platinum facts http://www.platinuminvestment.com/about/platinum-facts
http://www.platinuminvestment.com/investment-research
http://www.platinuminvestment.com/supply-and-demand
http://www.platinuminvestment.com/supply-and-demand/platinum-quarterly

http://www.platinuminvestment.com/files/WPIC_Platinum_Quarterly_Q2_2015.pdf

September 7, 2015 Glencore grapples with fallout from commodities crash http://www.ft.com/intl/cms/s/0/38b7bcd0-5537-11e5-b029-b9d50a74fd14.html

September 7, 2015 Miners have dug themselves into a hole http://www.ft.com/intl/cms/s/0/a2c0eada-557c-11e5-a28b-50226830d644.html

September 7, 2015 Glencore looks to cut debt by $10bn and issue up to $2.5bn stock http://www.ft.com/intl/cms/s/0/a7651446-5525-11e5-8642-453585f2cfcd.html

September 7, 2015 Falling prices force cutbacks and delays to exploration http://www.ft.com/intl/cms/s/0/1d7155e0-3a06-11e5-bbd1-b37bc06f590c.html

July 24, 2015 Chart that tells a story — Gold http://www.ft.com/intl/cms/s/2/62b4f1a2-2fbb-11e5-91ac-a5e17d9b4cff.html

April 17, 2015 Mapping the US oil boom http://www.ft.com/intl/cms/s/2/484d7b98-2f82-11e4-83e4-00144feabdc0.html

March 9, 2015 The big drop: Riyadh’s oil gamble http://www.ft.com/intl/cms/s/2/25f2d7d6-c3f8-11e4-a02e-00144feab7de.html

https://yadi.sk/i/zTcnJMUlixVK7

Sep 07 Peak everything http://ftalphaville.ft.com/2015/09/07/2139603/peak-everything-charted

Aug 05 Russian energy and the Kremlin discount, charted
http://ftalphaville.ft.com/2015/08/05/2136513/russian-energy-and-the-kremlin-discount-charted/

May 12 This is not the oil rally you’re looking for http://ftalphaville.ft.com/2015/05/12/2129091/this-is-not-the-oil-rally-youre-looking-for/

January 27, 2015 Lex in-depth: Glut feeling http://www.ft.com/intl/cms/s/0/772c130c-a606-11e4-9bd3-00144feab7de.html#slide0

https://yadi.sk/i/vLNcz8JgixYYV
— — — — — —
Diamonds as an investment https://en.wikipedia.org/wiki/Diamonds_as_an_investment
The History of the Standard Oil Company https://en.wikipedia.org/wiki/The_History_of_the_Standard_Oil_Company
Ida Tarbell https://en.wikipedia.org/wiki/Ida_Tarbell

statista.com: Top 10 mining companies worldwide based on market value in 2014 (in billion U.S. $)


http://www.statista.com/statistics/272706/top-10-mining-companies-worldwide-based-on-market-value/

Норникель представил обновленную стратегию

Норникель представил обновленную стратегию
http://www.nornik.ru/assets/files/NN_Strategy-update_May_2014.pdf
http://www.nornik.ru/assets/files/Potanin-Interfaks-Intervyu-29.04.2014(1).pdf
Похоже люди наконец то взялись за ум:
— разработали программу оптимизации производственных мощностей в Заполярье и на Кольском полуострове, — что в перспективе позволит прилично сократить операционные косты
— оптимизируют управление maintanence capex и обороткой, результаты уже видны по 2013
— избавляются от накупленных ранее некачественных активов зарубежом

Единственный пока вопрос — новый проект по меди в Забайкалье; они правда пишут про IRR 30%, но вопрос насколько корректно все посчитали и при какой цене на медь.
У меня только один вопрос, чего народ этим раньше не занимался, просто просрали кучу бабла в 2006-2012 гг на бездарном управлении и дурацких поглощениях

В общем с учетом ожидаемой неплохой текущей и среднесрочной перспективе на рынках 3 из 4 основных продуктов (никель, палладий, платина) компания смотрится достаточно неплохо, и точно должна выглядеть существенно лучше рынка в случае его падения из-за геополитики. Про потенциал роста с учетом предполагаемых улучшений на пальцах говорить сложно, надо все садиться и считать, но шортить их сейчас явно не стоит.

Для порядка приведу мульты по сектору

По мультам ГМК сейчас конечно смотрится подороже основных peers, но это без учета улучшений; ну и плюс у них текущие fcf&div yeld получше и product mix для текущих условий поинтереснее.
http://krv1975.livejournal.com/34661.html

Free cash flow (FCF)
http://www.investopedia.com/terms/f/freecashflow.asp

Top ten global oil and commodities traders

15 Apr 2011
Key facts and figures about 10 secretive giants that control hundreds of billions of dollars worth of the world’s commodities.
(В порядке убывания оборотов)

VITOL GROUP
2010 revenue: $195bn
President and CEO: Ian Taylor
Founded: 1966 by Ian Taylor
Headquarters: Geneva, Switzerland; Rotterdam, the Netherlands
Staff numbers: 2,700
Focus, operations, events: Top focus is physical oil trading. It scaled down derivatives trading several years ago. Last week, Vitol was first to export oil from rebel-held Libya.
Assets include: storage tanks, exploration and production in the Philippines, Congo, Ghana, Nigeria, Russia, Azerbaijan and Kazakhstan, and the Fujairah refinery in the United Arab Emirates.
Facts: Vitol and Glencore were among dozens of firms accused of paying kickbacks to Iraq in 2005 by a commission that probed the United Nation’s Oil for Food programme. Vitol was fined $17.5m after pleading guilty.

GLENCORE INTERNATIONAL
2010 revenue: nearly $145bn.
Net income: $3.8bn
Chief executive: Ivan Glasenberg
Founded: 1974 by Marc Rich as Marc Rich & Co.
Headquarters: Baar, Switzerland.
Staff numbers: 2,700
Focuses on: metals and minerals, energy and agricultural products. It holds large stakes in publicly listed firms such as Xstrata.

CARGILL
2010 global sales: $108bn
Chief executive: Greg Page
Founded: 1865 by William Wallace Cargill at the end of the US Civil War with one grain storage silo in Iowa.
Headquarters: Minneapolis, Minnesota.
Staff numbers: 131,000
Involved in: agribusiness, energy trading, meat and food ingredient applications, biofuels production, animal nutrition products, and industrial products such as steel and salt.
Other: WW Cargill’s son-in-law, John MacMillan Sr, took over leadership of the company in 1909. Today, nearly 90pc of the company is still owned by the Cargill and MacMillan families. The remainder is owned by employees.

KOCH INDUSTRIES
2009 revenue: near $100bn, according to sources.
Chairman and CEO: David Koch
Founded: Winkler-Koch Engineering co-founded by Fred Koch in 1925.
Headquarters: Wichita, Kansas
Staff numbers: 50,000 in the United States, 20,000 internationally
Interests include: oil refining and transportation, petrochemicals, forestry and paper, and ranching.
Other: Family firm run by the conservative-activist Koch brothers, David and Charles (executive VP). The duo has spent millions funding advocacy groups and political campaigns of right-wing US politicians and candidates. David Koch has argued against evidence of global warming as a result of industrial activity.

TRAFIGURA
2010 turnover: $79.2bn
Chairman and CEO: Claude Dauphin
Founded: 1993. Claude Dauphin, Eric de Turkheim and Graham Sharp. It split off from a group of companies run by Marc Rich.
Headquarters: Geveva, Switzerland
Staff numbers: 4,000. It is moving staff from London to Geneva.
Focuses on: crude oil, products, non-ferrous, concentrates and refined metals trading and transportation.
Other: In 2009, Trafigura and lawyers representing about 30,000 Ivorians agreed on a pre-trial settlement to end a class action lawsuit, which had accused it of causing illness by dumping toxic waste off Ivory coast in 2006.

GUNVOR INTERNATIONAL
2010 turnover: $65bn.
Chairman: Torbjorn Tornqvist
Founded: 1997 by Swedish oil trader Tornqvist and Russian businessman Gennady Timchenko.
Headquarters: Amsterdam, the Netherlands, Geneva, Switzerland
Staff numbers: Less than 500
Focuses on: oil trading with emphasis on Russia. Has expanded in power and coal trading.
Other: In 2008, Timchenko wrote an open letter to say media speculation that he enjoyed special ties with Russia’s former president and current prime minister, Vladimir Putin, were overblown.

ARCHER DANIELS MIDLAND CO.
Net sales: $62bn (fiscal year to June 30, 2010)
Chief executive: Patricia Woertz
Founded: 1902 in Minneapolis, Minnesota, by John Daniels and George Archer
Headquarters: Decatur, Illinois, listed on the NYSE
Staff numbers: 29,000
Focuses on: oilseeds, corn processing, agricultural services, storage and transportation, wheat milling, cocoa processing and food ingredients business.
Other: It is known for converting a beverage alcohol plant into its first ethanol fuel facility in 1978 during the Arab Oil Embargo.

NOBLE GROUP
2010 revenue: $56.7bn.
Net profit: $606m.
Chairman: Richard Elman. CEO: Ricardo Leiman
Founded: 1986 by Elman.
Headquarters: Hong Kong, China. Listed in Singapore.
Staff numbers: 11,000
Interests: from Brazilian sugar to Australian coal.
Other: Shareholders include China Investment Corp, which in 2009 bought a 14.5pc stake for $850m.

MERCURIA ENERGY GROUP
2008 turnover: $46bn
President and Group CEO: Marco Dunand
Founded: 2004. Previously known as J&S, which was founded in 1993 and specialized in Russian oil sales to Poland. Headquarters: Geneva, Switzlerland
Staff numbers: 750
Interests: Mercuria sold 117 million tonnes of physical crude oil and oil products in 2010 including fuel oil, middle distillates, naphtha and gasoline. It also trades power, natural gas, coal and biodiesel and has storage capacity in Estonia and the Netherlands.
Other: Last year, Dunand told Reuters the firm might go public in two to three years.

BUNGE
2010 net sales: $45.7bn
Chairman and CEO: Alberto Weisser
Founded: 1818 by Johann Peter Gottlieb Bunge in Amsterdam
Headquarters: White Plains, New York
Staff numbers: 32,000
Trades: oilseeds and grains, produces sugar and ethanol, mills wheat and corn to make ingredients used by food companies and sells fertilizer in North and South America.
Other: It was the largest producer and supplier of fertilizer in South America before selling off its Brazilian fertilizer nutrients assets to Vale in 2010.
http://www.telegraph.co.uk/finance/commodities/8451455/Top-ten-global-oil-and-commodities-traders.html

July 25, 2013
10 top global commodity trading firms
(В порядке возрастания оборотов)

10) BUNGE
2012 revenues: $60.9 billion
2011 revenues: $58.7 billion
CEO: Soren Schroder
Executive Chairman: Alberto Weisser
Founded: 1818 by Johann Peter Gottlieb Bunge in Amsterdam
Headquarters: White Plains, N.Y.

Focus: Oilseeds and grains, produces sugar and ethanol, mills wheat and corn to make ingredients used by food companies and sells fertilizer in North and South America. Clearing member of the Chicago Board of Trade (CME Group).

Bad behavior: Recently five top executives at its India unit resigned during an internal audit into possible financial irregularities. Also has been accused of deforesting the Brazilian rain forest. In 2011, Bunge was fined $550,000 by the CFTC for a 2009 pre-opening trade that were fishing for prices and not «true and bona fide» trades.

9) ARCHER DANIELS MIDLAND CO.
FY 2012 revenue: $ 89.03 billion
FY 2011 Revenues: $80.6 billion
CEO: Patricia Woertz
Founded: 1902 in Minneapolis, Minn., by John Daniels and George Archer
Headquarters: Decatur, Ill., listed on the NYSE

Focus: Oilseeds, corn processing, agricultural services, storage and transportation, wheat milling, cocoa processing and food ingredients business. Recently finalized a takeover of Australia-based GrainCorp for $3.1 billion. ADM Investor Services is a clearing member of the CME Group exchanges.

Bad behavior: Who hasn’t heard of the famous price fixing scheme of lysine and citric acid in the 1990s? ADM ended up paying a then-record of $100 million anti-trust fine. The story was captured on film in “The Informant!” in which ADM executive and whistleblower Mark Whitacre worked with the FBI to uncover price fixing. More recently ADM has been charged with violations of the Foreign Corrupt Practices Act, in which it was accused of bribing foreign officials. Reportedly, the firm has set aside $25 million in potential fines

8) GUNVOR GROUP
2012 revenue: $93 billion
2011 turnover: $87 billion
CEO: Torbjörn Törnqvist
Founded: 2000 by Swedish oil trader Torbjörn Törnqvist and Russian businessman Gennady Timchenko
Headquarters: Registered in Cyprus. Trading offices in Geneva, Switzerland, Singapore, Dubai and the Bahamas

Focus: The principal commodities traded are refined petroleum products (fuel oil, gasoil, gasoline, naphtha, and LPG), crude oil, coal, natural gas, LNG, biofuels, carbon emissions and grains. Gunvor also opened a metals desk in 2012.

Bad behavior: Seems like Gunvor’s questionable behavior is its bedfellows as it is aligned closely with the Russian energy markets. There was a report in the Economist in 2010 that alleged that Gunvor was manipulating Platt’s data on Ural oil to push prices down to purchase the oil and sell it at full price on the international market. These allegations were denied by both Gunvor and Platt’s.

7) NOBLE GROUP
2012 revenue: $94 billion
2011 revenue: $80.7 billion
Chairman: Richard Elman
Founded: 1986 by Elman
Headquarters: Hong Kong, China. Listed in Singapore

Focus: Noble Group markets, transports and processes energy, minerals and ores and agricultural products including softs, grains and oilseeds. Recently the firm forged into the United States to enter the natural gas pipeline and storage business. Its second largest shareholder after the Elman family is China Investment Corp. with a 15% stake.

Bad behavior: Difficulty in finding a successor to take over for Founder and Chairman Richard Elman, a British-born self-made man, who, from news reports, seems to have a Warren Buffet-type personae with an edge. At one point he stated his firm was run by PCS — plain common sense. In April, after two ill-fated attempts, Noble Group announced Elman’s latest choice to take over for him: Yusuf Alireza, 42, who was co-president of Goldman Sachs’ Asia unit excluding Japan. Noble Group also just pinched JP Morgan’s head oil trader Jeff Frase to head up their oil liquid’s trading in Connecticut.

6) MERCURIA ENERGY GROUP
2012 revenue: $98 billion
2011 revenues: $75 billion
President and Group CEO: Marco Dunand
Founded: 2004 by former Phibro executives Marco Dunand and Daniel Jaeggi
Headquarters: Geneva, Switzerland

Focus: Mercuria is largely a physical trader of energy such as crude oil and its products like fuel oil, middle distillates, naphtha and gasoline, as well as electricity, natural gas, coal and biodiesel. It has set up base metals trading desks in Shanghai and London, as well as added softs to its trading portfolio.

Bad behavior: Nothing we could uncover. Recently the EU Commission did approve the acquisition of Dutch petroleum products and biodiesel storage firm Vesta Terminal BV by Chinese oil major Sinopec and Mercuria.

5) KOCH INDUSTRIES
2011 revenues: $115 billion (Forbes) Privately held
Chairman and CEO: David Koch
President: Charles Koch
Founded: Winkler-Koch Engineering co-founded by Fred Koch in 1925.
Headquarters: Wichita, Kansas Focus: Koch is largely into coal and oil refining and transportation, petrochemicals, forestry (Georgia-Pacific) and paper as well as ranching.

Bad behavior: The Koch brothers are famous for their conservative activism in commentary, donations to Tea Party candidates and more recently, for looking to buy media outlets to spread their word. They have been mostly vocal on discounting evidence of global warming caused by industrial or carbon-based fuels. In 2008 their own investigator found evidence of kickbacks in their French office paid by the local office to win contracts. The Koch investigator was fired because of “incompetence,” according to court papers. Bloomberg Markets found that from1999 through 2003, Koch Industries was assessed more than $400 million in fines, penalties and judgments. In December 1999, a civil jury found that Koch Industries had taken oil it didn’t pay for from federal land by mis-measuring the amount of crude it was extracting. Koch paid a $25 million settlement to the U.S. In addition, Koch was accused of selling products to Iran, despite the U.S. trade ban, activity it denies occurred during the ban.

4) TRAFIGURA
2012 revenue: $120.4 billion
2011 turnover: $121.6 billion
Chairman and CEO: Claude Dauphin
Founded: 1993. Claude Dauphin, Eric de Turkheim and Graham Sharp. It split off from a group of companies run by Marc Rich.
Headquarters: Geneva, Switzerland

Focuses on: Largely energy-based, the company also focuses on non-ferrous metals trading and shipping.

Other: In 2009, Trafigura and lawyers representing about 30,000 Ivorians agreed on a pre-trial settlement to end a class action lawsuit, which had accused the firm of causing illness by dumping toxic waste in water off Ivory Coast in 2006 in the so-called “Probo Koala” incident. It appears that Trafigura paid a $198 million settlement to the Ivory Coast government. It also agreed to pay a $1.7 million fine for the illegal dumping ordered the Dutch court.

3) CARGILL
2012 revenue: $133.9 billion
2011 revenues: $119.5 billion
CEO: Greg Page
Founded: 1865 by William Wallace with one grain storage silo in Iowa.
Headquarters: Minneapolis, Minn.
Focus: Privately held Cargill is famous for its agribusiness, but also is big in energy, foodstuffs and biofuels production, as well as products such as steel and salt.

Bad Behavior: Also implicated in oil-for-food program bribes to Iraq although denied the allegations. In addition, the firm has been criticized for destroying rain forest in Brazil to build a soy processing port, as well as blamed for labor rights in Indonesia in connection with its palm oil plantations.

2) GLENCORE INTERNATIONAL
2012: Revenue: $236 billion
2011 revenue: $186 billion
CEO: Ivan Glasenberg (pictured)
Founded: 1974 by Marc Rich as Marc Rich & Co.
Headquarters: Baar, Switzerland.

Focus: Despite having significant coal, metal and oil assets, Glencore revenues are dominated by trading activities as the company had total revenues of $186 billion in 2011, of which trading brought in around $172 billion, including $115 billion in energy trading, $43 billion in metals and minerals trading and $13.7 billion in agriculture trading. It is both a producer and marketer, and in May 2013 finalized its merger, or more accurately, takeover of Xstrata, the multi-billion dollar mining company. From Foreign Policy magazine, when Glencore went public last year, its IPO revealed: “The company controlled more than half the international tradable market in zinc and copper and about a third of the world’s seaborne coal; was one of the world’s largest grain exporters, with about 9 percent of the global market; and handled 3 percent of daily global oil consumption for customers ranging from state-owned energy companies in Brazil and India to American multinationals like ExxonMobil and Chevron.”

Bad behavior: Born of infamous commodity trader Marc Rich, Glencore always has been attached to troubling rumors, including allegations of kickbacks for Iraqi oil to doing business in apartheid South Africa to contributing to serious pollution in Zambia as well as working with known dictators around the globe who would make a deal. It even has as its interim chairman during the Xstrata integration Tony Hayward, who headed up British Petroleum during its massive oil spill in the Gulf of Mexico.

1) VITOL GROUP
2012 revenues: $303 billion
2011 revenue: $297 billion
President and CEO: Ian Taylor
Founded: 1966 by Ian Taylor
Headquarters: Geneva, Switzerland; Rotterdam, the Netherlands

Focus: Privately held Vitol is the world’s largest physical oil and gas trader. According to the firm, crude oil is the largest part of its energy portfolio, stating that in 2012 it sold 117 million tonnes of crude oil, which amounts to around 2.4 million barrels per day. However, it also does trade other commodities including sugar, metals and grains. In fact, a news report stated it took delivery of 144,000 metric tons of raw sugar traded on ICE in July. And in April 2013 it announced the formation of a new group that would trade in grain and other agricultural commodities based in Singapore and Geneva.

Bad behavior: Vitol was found guilty in 2007 of grand larceny related to the United Nations’ oil-for-food program in Iraq, It agreed to pay a total penalty of $17.5 million.

Мнения: Как Сечин раскрутил англичан

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Правительство Боливии национализирует предприятие филиала швейцарской Glencore

МЕХИКО, 11 июн — ПРАЙМ. Правительство Боливии приняло решение национализировать горнорудную компанию Colquiri, принадлежащую филиалу известной швейцарской компании Glencore, сообщил в воскресенье государственный министр южноамериканской страны Хуан Кинтана.

По словам Кинтаны, такое решение было принято буквально в последние часы после встреч и консультаций с представителями шахтерских профсоюзов Боливии. «Правительство в итоге решило национализировать Colquiri», — приводит слова Кинтаны портал Infolatam.

Это будет уже третий случай национализации в Боливии предприятий, связанных с Glencore: в 2007 и 2010 году швейцарская компания лишилась двух металлургических заводов, которые были национализированы.

Несколько дней назад президент Боливии Эво Моралес заявил, что государство может национализировать все природные ресурсы. «Эти ресурсы должны принадлежать народу и находиться под управлением государства, основные услуги в этой сфере не могут быть предметом частного бизнеса», — сказал Моралес.

Ранее он говорил, что доли иностранных компаний, реализующих проекты в нефтяном и газовом секторе Боливии, могут быть национализированы в случае, если компании не будут выполнять взятые на себя обязательства по инвестициям.

За словами последовали и конкретные действия: чуть больше месяца назад был подписан декрет о национализации акций электрической компании Red Electrica Internacional, являющейся дочерним предприятием испанской Red Electrica Espanola, а в конце января правительство Боливии вернуло себе контроль над 25% акций в проекте по добыче газа Caipipendi, которые принадлежали аргентинской компании Pan American Energy.

После национализации в 2006 году нефтяной отрасли Боливии эксклюзивным правом участвовать от имени государства в нефтегазовых проектах и заниматься реализацией углеводородов как внутри страны, так и на экспорт обладает только госкомпания YPFB. Иностранные компании, работающие в стране, заключают с ней контракты на реализацию проектов
http://www.1prime.ru/news/0/%7BE6E34183-F635-4710-9CC2-6DB411DF0A53%7D.uif