Full-Time
Diversified natural resources trading and mining
No salary listed
Chennai, Tamil Nadu, India
In Person
The posting also lists Johannesburg, South Africa, as a role location.
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Glencore is a global natural resources company that mines metals and other materials and also trades those commodities around the world. It combines production with a large trading arm, running mining, smelting, and refining operations alongside buying, selling, and shipping oil, coal, metals, and minerals. Its integrated model—controlling both the source and the market—sets it apart from competitors, a strategy supported by major deals like the Xstrata merger and its 2011 IPO. The company's goal is to provide a steady supply of essential resources, generate returns for shareholders, and maintain strong governance and safety standards across its operations.
Company Size
10,001+
Company Stage
IPO
Headquarters
Baar, Switzerland
Founded
1974
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Health Insurance
Dental Insurance
Vision Insurance
Wellness Program
Gym Membership
Phone/Internet Stipend
Paid Vacation
Paid Holidays
Parental Leave
Family Planning Benefits
Fertility Treatment Support
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Flexible Work Hours
Hybrid Work Options
Remote Work Options
Stock Options
Company Equity
Professional Development Budget
Conference Attendance Budget
Mentorship Program
Power BI
Mental Health Support
Glencore was Radiant World's 'senior partner,' executive says. The comments are the latest headache for Glencore stemming from its dealings with Radiant World and related companies, on which it has taken a US$480 million provision - one of its largest trading losses in its history as a public company. Published Sep 05, 2026, 03:00 PM Updated Sep 05, 2026, 03:00 PM The relationship between Glencore Plc and the network of companies linked to Radiant World was one of "senior partner-junior partner," a top executive at one of the firms alleged in an interview with Bloomberg. Rakesh Sethi, who is chairman of Sapphire Minmetals Corporation, said that Glencore's relationship with the group was driven by its desire to increase its iron ore trading volumes. "So we were like a partner," he said. Glencore wanted "more volume, more market control, more customer base". Sapphire was part of Radiant World until 2015, and Glencore has said it still sees the two companies as one combined group. The companies have both said they are legally separate. The comments from Sethi are the latest headache for Glencore stemming from its dealings with Radiant World and related companies, on which it has taken a US$480 million provision - one of its largest trading losses in its history as a public company. Bloomberg has reported on concerns that Radiant World provided lenders with falsified documents to raise financing. One lender has claimed in court filings that Radiant World sent it contracts with Glencore that the London-listed miner and commodities trader later said were not genuine. Sethi's comments about the closeness of the group's relationship with Glencore echo those made by Radiant World itself. In a letter to Glencore last week, lawyers for Radiant World claimed that Glencore had approved its new hires, directed its payments, and advised on fundraising and the pricing of Radiant World's physical trades.
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Glencore increases debt financing at Canadian Abcourt Mines. Noranda/Baar (awp) - The commodities group Glencore is increasing its involvement in Canadian mine operator Abcourt Mines. According to a statement by the Canadians on Wednesday, Glencore has increased a senior secured debt financing instrument (senior debenture) by 10 million to now up to 40 million US dollars. A first tranche had been granted in January 2026. 02.09.2026 08:26 With part of the money, Abcourt Mines will repay other debt securities and credit facilities, it was further said. The rest of the proceeds will flow into exploration work and investments for mining projects and be used as working capital. Abcourt operates mines in the northwest of the Canadian province of Québec for the extraction mainly of gold, silver, zinc, and copper.
Glencore books US$480 million provision covering entire Radiant World exposure: sources. Several major commodity traders have moved to cut ties with Radiant World amid concerns it provided falsified documents to banks Published Sun, Aug 30, 2026 · 08:57 AM * Glencore said earlier in August that its exposure to Radiant World was "well below" US$500 million PHOTO: REUTERS GLENCORE took a provision of about US$480 million on its exposure to Radiant World, the iron ore trader that is under pressure amid concerns it provided falsified documents to banks, according to people familiar with the matter. The provision effectively covers Glencore's entire outstanding net exposure to Radiant World, the people said, asking not to be identified discussing private information. Radiant World owes Glencore a total of US$951 million, while Glencore owes Radiant World US$471 million, the Financial Times reported on Saturday (Aug 29), citing a letter from Radiant World to Glencore. The people familiar with the matter confirmed the figures, which according to the FT report include Glencore's exposure to Sapphire Minmetals, another trading house that Glencore has said it views as being part of the same group. (Sapphire Minmetals' chairman has previously disputed that, saying the companies are separate.) Glencore, which is one of the world's biggest miners and commodity traders, said earlier in August that its exposure to Radiant World was "well below" US$500 million, which is its threshold for determining whether an item is material. Chief executive officer Gary Nagle told investors on an earnings call that Glencore was seeking to exit its remaining contracts with Radiant World after stopping new business, and that it had taken a provision on its exposure to the company, without providing a figure. Asean intelligence. Get insights into businesses across South-east Asia Glencore has been a major backer of Radiant World as the smaller firm grew to become one of the world's top iron ore traders. Glencore has been a key counterparty in many of Radiant World's trades, and routinely held a large financial exposure in the hundreds of millions of dollars, Bloomberg reported previously. Late in 2025, Glencore acquired warrants that would have given it a minority ownership stake in Radiant World, although they have not been exercised. While below Glencore's materiality threshold, a loss of US$480 million is a black eye for the company - and in particular its iron ore unit led by Peter Hill, the head of marketing for steelmaking raw materials. It is about a quarter of the company's average annual earnings before interest and tax over the past decade from its metals and minerals trading division, where iron ore is dwarfed in importance by metals like copper. The FT reported on Saturday that Radiant World had sent a letter to Glencore threatening legal action in a dispute over financial obligations between the two companies. The letter alleged a relationship between the two companies that went beyond that of a counterparty - Radiant World claimed that Glencore reviewed and approved the qualifications of potential hires, advised the company on fundraising and suggested the price at which it should enter into trades, the report said. "These claims are meritless and Glencore will vigorously contest them. Glencore has incurred losses and been exposed to risks by Radiant's actions and will take appropriate action," Glencore said in a statement responding to the report. It declined to comment further. Allegations under investigation. Bloomberg reported in late July that several major commodity traders had moved to cut ties with Radiant World amid concerns it provided falsified documents to banks. At least five banks have been told that some of the invoices that are underpinning their exposure to Radiant World are not genuine. Some banks have frozen its accounts or suspended credit lines, while major miners and Chinese buyers have withdrawn their business. Law enforcement agencies including the US Justice Department and the Singapore police are investigating. Radiant World has not been accused of wrongdoing and investigations do not always lead to charges. Bloomberg reported previously that Glencore is among companies that has been contacted by the US Justice Department about Radiant World. Glencore had worked to mitigate the scale of its potential losses for months before the situation reached a head, Bloomberg reported. The company has ended all business with Radiant World, a person close to Glencore said earlier this week. A spokesperson for Radiant World had no comment on Saturday. The company has previously denied wrongdoing and said that it conducts its business to the highest commercial and legal standards. As part of a statement to Bloomberg earlier this week, Radiant World said: "Radiant World's trading relationships with major counterparties, including Glencore, were longstanding, substantial and well documented over nearly two decades. Glencore directly supported the financing arrangements connected to that trading. Its participation was instrumental to those arrangements, and it benefited substantially from them. The company rejects any characterisation of those relationships as anything other than open and well known to the parties involved." BLOOMBERG Share with us your feedback on BT's products and services
Mining company Vast Resources secured a $10 million term loan facility from commodity trading giant Glencore's subsidiary Glencore International, according to a Monday release. The facility is...