Glencore bosses' £600m windfall having invested in emergency fundraising scheme in late 2015

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Ivan Glasenberg is among a number of senior Glencore staff set for a £600m windfall

Glencore's senior bosses are in line for a £600million windfall after backing the company when it looked to be on its last legs.

Billionaire owner Ivan Glasenberg and a number of senior staff pumped £360million into a £1.6billion=n emergency fundraising scheme in late 2015 – when the firm's share price was just 128p. 

But a recovery in raw material markets since then has fuelled a 170 per cent surge in the miner's stock price – providing a £600million windfall for investors.

Shares in the firm have recovered since their all-time low of 67p in 2015 and closed at 337.8p last week, valuing the firm at £49billion.

Like a number of miners, Glencore has benefitted from the rebound in prices of copper, coal and zinc. 

It publishes its first-half results on Thursday and is expected to report underlying profits of about £3billion, against £670million last year.

It will also restore its dividend after a near two-year hiatus.