TREE NEWS reports: Glencore’s suspended iron ore business head Peter Hill urged troubled trading firm Radiant World not to disclose any information in emails. Hill has been suspended from his role at the mining and commodities giant. No further details on the nature of the information or the circumstances of the instruction were provided.
Glencore Suspended Iron Ore Head Peter Hill Told Radiant World Not to Disclose Information in Emails
The instruction to keep information out of email is notable because it speaks to how trading firms manage sensitive commercial exchanges, not to any alleged misconduct itself. That a senior figure at a major commodities house has been suspended over it raises questions about internal oversight in physical trading desks, where information flows are often informal. What is worth watching is whether Glencore discloses the basis for the suspension and whether Radiant World's troubles draw wider scrutiny to counterparty practices in iron ore.
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