$GLCNF

Orion Minerals received Reserve Bank approval for Glencore's $250m funding for its Prieska copper-zinc project. The funding, tied to future concentrate sales, allows procurement and construction to begin. Orion also reported a narrower operating loss of A$12.69m for the year ending June. The company is listed on the ASX and JSE.

Glencore received an upgrade from AlphaValue/Baader Europe, which raised its 2026 and 2027 EPS estimates to $0.67 and $0.46, respectively. The firm expects higher oil volatility and increased mining volumes to support results, but notes a legal dispute with Radiant World as a near-term concern. Glencore's price target of 6.98 pounds is tied to sustained trading profits.

Glencore repurchased 2.64 million shares from UBS for CHF 6.4405 each, canceling them. The move is part of a buyback program running until 2027, aiming to optimize the balance sheet and improve earnings per share, according to the company.

Orion Minerals (ORN) raised A$30m and secured US$250m funding from Glencore, targeting 2027 production for its Prieska and Okiep copper projects. The company reported a narrowed net loss of $12.69m for FY2026, with strong safety and ESG performance.

Radiant World and Sapphire Minmetals sued Glencore in Singapore, seeking $2 billion in damages over iron ore transactions. Glencore alleges falsified documents and rejects the claims, calling them 'without merit.' The dispute follows the end of a decade-long business relationship. Separately, a London court froze up to $499 million in the plaintiffs' assets over fraud allegations by a Jefferies-managed fund.

Glencore, a Swiss commodities group, filed a $2 billion claim against former trading partner Radiant World in Singapore, alleging fraudulent invoices. Glencore has taken a $480 million provision on its exposure to Radiant World, its largest trading loss as a listed company. Ivan Glasenberg, Glencore's largest shareholder, holds about 10% of the company.

Iron ore trader Radiant World has filed a $2 billion lawsuit against Glencore, its counterparty and financial backer, amid allegations of transaction forgery.

Radiant, a Singapore-based iron ore trader, filed a lawsuit against Glencore, alleging the Swiss commodities giant hid their trading relationship from audited records. Radiant claims Glencore used informal communication channels to avoid regulatory scrutiny. Glencore denies the allegations, stating it has evidence of falsified documents from Radiant. The dispute escalates a conflict between the two companies, with some banks and trading firms cutting ties with Radiant over alleged document incon

Radiant World and Sapphire Minmetals sued Glencore in Singapore, seeking $2.5 billion in damages. Glencore denies the claims, alleging fraud by the plaintiffs. Both parties are involved in legal disputes over invoices and contracts. Glencore has ceased all business with Radiant World.

Radiant World is suing Glencore for over $2bn, alleging the commodities group hid the true nature of their partnership from audited records. Glencore denies the claims, stating it will contest them and has evidence of falsified documents from Radiant. The dispute follows increased scrutiny on Radiant's trade documents.