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    GLEN   JE00B4T3BW64


Delayed Quote. Delayed London Stock Exchange - 07/30 11:35:23 am
323.55 GBX   -1.79%
07/30London Shares End Month With Mixed Results
07/30London Shares Drop as Miners, Oil, Airlines, Intertek Fall
07/30Glencore ups expectations for FY trading, lowers nickel, coal
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Glencore : Global mining trade group picks sustainability expert as new CEO

03/09/2021 | 02:06am EDT

JOHANNESBURG (Reuters) - The International Council on Mining and Metals (ICMM) said on Tuesday that it had appointed Rohitesh Dhawan, a managing director at Eurasia Group with expertise in climate change and sustainability, as the trade group's new chief executive.

The appointment of Dhawan, effective from April, reflects increased pressure on the mining industry to put environmental, social and governance issues front and centre of decision-making.

"I am excited to be joining ICMM in arguably the most important decade for the industry," Dhawan said. "The foundations of a net zero emissions economy are being laid now, and minerals are critical to it."

Dhawan sits on an expert panel on climate change for the British government's Partnering for Accelerated Climate Transitions programme, and his past roles include global head of sustainability for the mining sector at consultancy KPMG.

Current ICMM CEO Tom Butler, who has been in the role since July 2015, will step down on April 6.

The London-based ICMM, whose members include 27 mining and metals companies and represent about 30% of the global metals market, most recently represented the industry in multilateral negotiations over global mine waste dam standards.

Richard Adkerson, CEO of copper producer Freeport-McMoRan Inc and ICMM chairman, led the search to replace Butler.

"The ICMM has done a lot of good things, but the world is changing and there are rising demands from an ESG perspective. ICMM needs to be responsive to that," Adkerson told Reuters last month.

(Reporting by Helen Reid, additional reporting by Ernest Scheyder; Editing by Susan Fenton)

© Reuters 2021
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Financials (USD)
Sales 2021 216 B - -
Net income 2021 7 415 M - -
Net Debt 2021 30 300 M - -
P/E ratio 2021 7,90x
Yield 2021 4,40%
Capitalization 59 550 M 59 586 M -
EV / Sales 2021 0,42x
EV / Sales 2022 0,38x
Nbr of Employees 87 822
Free-Float 75,6%
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Average target price 5,17 $
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Managers and Directors
Gary Nagle Chief Executive Officer
Steven F. Kalmin Chief Financial Officer
Kalidas V. Madhavpeddi Chairman
Patrice E. Merrin Independent Non-Executive Director
Martin James Gilbert Senior Independent Director