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BRIEF-Glencore pegs idled zinc production restart on market conditions
December 1, 2016 / 12:20 PM / a year ago

BRIEF-Glencore pegs idled zinc production restart on market conditions

Dec 1 (Reuters) - Glencore Plc :

* Restart of idled capacity remains dependent on market conditions

* Significant reductions in 2016 copper and zinc cost structures expected to be sustained into 2017

* Curtailed capacity to be returned at right time/price, at minimal cost; potential volume increase of c.40 pct in zinc and c.30 pct in copper

* By end of December, coal hedges will be down to around 11million tonnes

* 90Kt net increase in 2017 production guidance mainly reflects higher grades at Antamina Source text for Eikon: (bit.ly/2gOAmuM) Further company coverage: (Bengaluru Newsroom)

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