(Bloomberg) -- The U.S. Treasury sanctioned Congolese businessman Alain Mukonda for giving support to sanctioned Israeli billionaire Dan Gertler.Most Read from BloombergSand and Soldiers Mix as Troops Move In to Protect Cancun TouristsThe World’s Relentless Demand for Chips Turns Deadly in MalaysiaEven in the Metaverse, Not All Identities Are Created EqualAutomating the War on Noise PollutionThe Ugly, Expensive Plan to Bring Green Power to China’s MegacitiesThe Treasury also blacklisted 12 entit
LONDON (Reuters) -Miner and trader Glencore said on Thursday it was in the process of selling 10 more assets, putting another 15 under review and considering acquisitions as it moves to refocus its portfolio on what it termed "commodities of the future". Glencore, which owns more than 150 operating sites, has sold seven assets so far, including some Bolivian zinc mines and a copper-gold mine in Australia. "Those assets that are not fit for purpose or subscale we would look to move out of our portfolio," Chief Executive Gary Nagle said, without identifying the assets he was referring to.
Coal has made Ivan Glasenberg a very wealthy man. It isn’t surprising, therefore, that the billionaire former boss of Glencore is against spinning off the miner’s coal assets.