He was transferred to the zinc, copper and lead commodity department in 1991, rising to co-director of the division one year later. However, Glencore’s shares started losing of their value since their IPO debut and the future seems to be quite uncertain for the world’s leading integrated producer and marketer of commodities. The firm’s annual income dropped 75% just before finalizing its merger with mining rival Xstrata, which is waiting for a Chinese regulatory approval for its long-planned fusion. When it comes to Daniel Mate’s private life, he is a married man with two children.