It is much more convenient not to be a public company. As a private company you don't have to give information to the public. Secrecy is an important factor of success in the commodity business.

I basically see two reasons for a going public: Glencore gets access to more money. It is a way of funding your business and to finance growth. Plus: You have more liquid shares. It is easier to leave the company and redeem your shares. The 'going public' may also be an exit strategy for the top management.

You can't run a business based on sympathies; otherwise our business would be hampered.

I enjoy not being a public company.

It will separate legitimate online businesses from those who aren't. The company that is in business by selling personal information will soon be out of business because they'll be red-flagged tomorrow.

It is better to produce 100,000 tones of a commodity & control 50% of global supply,than to produce 50million tones of a commodity & control 1% of global supply.