6 linked company profiles · 7 dated disclosures in this directory.
About this investor
Glencore is a listed commodity producer and trader. Selected investments here include Cerrejón coal, Kazzinc metals, Elk Valley Resources steelmaking coal, Astron Energy fuel, Britain's Britannia Refined Metals refinery and a minority interest in Bunge. [1][2]
This is a selected portfolio, not a complete group-entity register. Ownership figures retain their report dates: 100% Cerrejón and Britannia, 69.7% Kazzinc, 77.4% Elk Valley and 68% Astron South Africa in FY2025. Astron Botswana's 100% belongs to a separate country business. Bunge's approximately 17% is a minority listed-share investment, not subsidiary control. Customers, trading counterparties and brand licences do not establish corporate ownership. [1][2][3]
Each card names the entity invested in. Linked companies and brands can sit below that entity. Stakes use the source’s definition and date; disclosures are selected and do not give a complete portfolio or investor register. Read the investor methodology.
Disclosed holdings & backing
Equity ownership
Astron Energy (Pty) Ltd · South Africa
68% · South African business, FY2025
Annual report ownership snapshot ·
Glencore holds 68% in South Africa; the company's FAQ identifies Off The Shelf Investments at 23% and employees at 9%. Botswana is a separate business, disclosed as 100% Glencore owned. These stakes must not be added together. Fuel-network licences and commercial partners do not establish ownership of global partner brands.
Glencore plc · Published 10 March 2026; printed p121: voting-right snapshot at 30 January 2026; p149: Swiss tax residence; pp228–230: FY2025 subsidiary interests and investments; p245: incorporation and headquarters
Astron Energy · Current company ownership disclosure: South Africa 68% Glencore, 23% Off The Shelf Investments and 9% employees; Botswana 100% Glencore
Glencore plc · Explicitly dated March 2025: incorporation, tax residence and group interests; this is not an October 2026 capital register
Accessed 10 Oct 2026
Equity ownership
Astron Energy Botswana · separate country business
100% · Botswana business
Undated company ownership page checked ·
The company's current FAQ reports Botswana as 100% Glencore owned, separately from the 68% South African business. The webpage supplies no common holding date. These country businesses are not a single combined equity percentage.
Astron Energy · Current company ownership disclosure: South Africa 68% Glencore, 23% Off The Shelf Investments and 9% employees; Botswana 100% Glencore
Accessed 10 Oct 2026
Equity ownership
Britannia Refined Metals Ltd
100% · FY2025 group interest
Annual report ownership snapshot ·
The annual report reports a 100% group interest in this UK-incorporated refining business. Glencore's dated entity register locates it at Botany Road, Northfleet. The parent group is based in Switzerland; the refinery's UK operating location does not determine where the whole group pays tax.
Glencore plc · Published 10 March 2026; printed p121: voting-right snapshot at 30 January 2026; p149: Swiss tax residence; pp228–230: FY2025 subsidiary interests and investments; p245: incorporation and headquarters
Approximately 17% · Bunge registered shares at 31 December 2025
Annual report ownership snapshot ·
Bunge reports approximately 17% Glencore, 14% CPP Investments and 3% BCI at 31 December 2025. Glencore received 16.4% at the 2 July closing; the dated percentages use their respective reporting bases. Viterra is now within Bunge. Glencore's minority stake and board nomination rights do not establish control or make Bunge a Glencore subsidiary.
Bunge Global SA · Form 10-K cover and printed p6: Swiss incorporation and US corporate headquarters; p24: approximate Glencore / CPP / BCI holdings at 31 December 2025; Viterra acquisition completed 2 July 2025
Glencore plc · Published 5 August 2026; continuing industrial and marketing businesses; p30: worldwide cash income tax; note 8 p43: contested UK assessments; note 23 p57: completed Viterra and Pasar disposals
Accessed 10 Oct 2026
Equity ownership
Carbones del Cerrejón Limited
100% · FY2025 group interest
Annual report ownership snapshot ·
The annual report lists the held legal entity as Anguilla incorporated, while the coal operations are in Colombia. Legal incorporation and mine location have different scopes. Glencore's completed purchase of its former joint-venture partners' interests replaced the earlier three-way ownership.
Glencore plc · Published 10 March 2026; printed p121: voting-right snapshot at 30 January 2026; p149: Swiss tax residence; pp228–230: FY2025 subsidiary interests and investments; p245: incorporation and headquarters
Glencore plc · Published 5 August 2026; continuing industrial and marketing businesses; p30: worldwide cash income tax; note 8 p43: contested UK assessments; note 23 p57: completed Viterra and Pasar disposals
Glencore plc · 11 January 2022: purchase of Anglo American and BHP interests completed
Accessed 10 Oct 2026
Equity ownership
Elk Valley Mining Limited Partnership
77.4% · FY2025 group interest, rounded as reported
Annual report ownership snapshot ·
The FY2025 principal-subsidiary table reports 77.4% in the Canadian operating partnership, with minority interests remaining. This differs from the original 77% acquisition headline and from 100% ownership of an acquisition vehicle. The current EVR site confirms its four-mine Canadian operating scope.
Glencore plc · Published 10 March 2026; printed p121: voting-right snapshot at 30 January 2026; p149: Swiss tax residence; pp228–230: FY2025 subsidiary interests and investments; p245: incorporation and headquarters
Glencore plc · Published 5 August 2026; continuing industrial and marketing businesses; p30: worldwide cash income tax; note 8 p43: contested UK assessments; note 23 p57: completed Viterra and Pasar disposals
Glencore Canada / EVR · Current EVR business: four steelmaking-coal mines in British Columbia
Accessed 10 Oct 2026
Equity ownership
Kazzinc LLP
69.7% · FY2025 group interest
Annual report ownership snapshot ·
The 69.7% annual-report interest is in the named Kazakhstan-incorporated business. It does not imply 100% ownership or an identical stake in every mine or affiliate. Glencore's current zinc-and-lead page also reports 69.7%.
Glencore plc · Published 10 March 2026; printed p121: voting-right snapshot at 30 January 2026; p149: Swiss tax residence; pp228–230: FY2025 subsidiary interests and investments; p245: incorporation and headquarters
Glencore plc · Published 5 August 2026; continuing industrial and marketing businesses; p30: worldwide cash income tax; note 8 p43: contested UK assessments; note 23 p57: completed Viterra and Pasar disposals
Glencore plc · Current asset descriptions: Kazzinc in Kazakhstan (69.7%); Britannia Refined Metals lead and silver refinery in the UK
Accessed 10 Oct 2026
Former holdings & portfolio changes
Viterra / Bunge
The merger completed on 2 July 2025. Glencore received 32.8 million Bunge shares, or 16.4% at closing. Bunge later reported approximately 17% at 31 December 2025; Glencore's H1 2026 report still describes its Bunge investment. Viterra is searched under Bunge rather than shown as a separately controlled Glencore subsidiary. [4][2][5]
Rio Tinto talks
Rio Tinto announced on 5 February 2026 that it did not intend to make an offer after discussions failed to reach agreement. These talks do not establish Rio Tinto ownership of Glencore. [6]
Orion / DRC proposal
The 3 February 2026 announcement was a non-binding proposal for 40% of Glencore's interests in Mutanda and Kamoto Copper Company. This concerns selected asset interests, not 40% of Glencore plc. Completion was not verified in this review, so Orion is not recorded as a current owner. [7]
Completed disposals
The H1 2026 report records completion of the Pasar copper-smelter disposal in September 2025. Glencore's production report records sale of the Kidd mine on 1 June 2026. Neither is included in current Glencore holdings here. [5][8]
About & portfolio changes: sources · 8
Research reviewed . Sources for individual investments are included on their disclosure cards.
Glencore plc · Published 10 March 2026; printed p121: voting-right snapshot at 30 January 2026; p149: Swiss tax residence; pp228–230: FY2025 subsidiary interests and investments; p245: incorporation and headquarters
Bunge Global SA · Form 10-K cover and printed p6: Swiss incorporation and US corporate headquarters; p24: approximate Glencore / CPP / BCI holdings at 31 December 2025; Viterra acquisition completed 2 July 2025
Astron Energy · Current company ownership disclosure: South Africa 68% Glencore, 23% Off The Shelf Investments and 9% employees; Botswana 100% Glencore
Glencore plc · Published 5 August 2026; continuing industrial and marketing businesses; p30: worldwide cash income tax; note 8 p43: contested UK assessments; note 23 p57: completed Viterra and Pasar disposals
Glencore plc · 3 February 2026: non-binding MOU for potential purchase of 40% of Glencore's interests in Mutanda and Kamoto; due diligence, binding documents and approvals still required