Key Developments: Glencore PLC (GLCNF.PK)

GLCNF.PK on OTC Markets Group

23 Jan 2015
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Latest Key Developments (Source: Significant Developments)

Glencore PLC announces share repurchase programme
Thursday, 2 Oct 2014 02:30am EDT 

Glencore PLC:Announces purchase of 3,288,289 shares.Shares were purchased at a price between 342.40 pence to 334.55 pence.Shares purchased on Oct. 1, 2014.Following the above transaction, Glencore holds a total of 53,036,288 of its ordinary shares in treasury and has 13,225,369,178 ordinary shares in issue (excluding treasury shares).  Full Article

Panaust Ltd completes acquisition of 80 pct. of Frieda River Project Glencore PLC
Sunday, 24 Aug 2014 10:00pm EDT 

Panaust Ltd:Announces acquisition of an 80 pct. interest in the Frieda River Copper Gold Project in Papua New Guinea (PNG) from Glencore plc has been completed.Says Joint venture partner Highlands Pacific Limited holds the other 20 pct.  Full Article

Glencore PLC declares interim dividend
Wednesday, 20 Aug 2014 02:00am EDT 

Glencore PLC:Declares interim dividend of $0.06 per share and is payable on Sept. 19, based on a record date of Sept. 5.  Full Article

Glencore PLC announces completion of sale of Las Bambas Copper Mine Project
Friday, 1 Aug 2014 02:00am EDT 

Glencore PLC:Says preveiosly said sale of its entire interest in Las Bambas copper mine project to consortium owned 62.5 pct by MMG Ltd, 22.5 pct by GUOXIN International Investment Corporation Ltd and 15.0 pct by CITIC Metal Co., Ltd has completed, effective as of July 31.Consideration for transaction is about $7 bln, which includes reimbursement of capital expenditure and other costs incurred in developing Las Bambas in period from Jan. 1 to closing.Proceeds from sale will immediately and materially de-gear Glencore’s balance sheet.Company will continue to look for opportunities to reinvest capital in line with our published returns criteria.Any surplus capital, subject to maintaining an efficient balance sheet within Glencore’s strong BBB/Baa credit ratings guidance, will be returned to shareholders, within an appropriate time frame and structure.  Full Article

Glencore PLC completes acquisition of Caracal Energy Inc
Tuesday, 8 Jul 2014 10:07am EDT 

Glencore PLC and Caracal Energy Inc:Announced that Glencore has completed the acquisition of Caracal.Further announce that following an application by Caracal to the UK listing authority, the listing of Caracal's common shares on the official list are expected to be suspended with immediate effect and will be cancelled with effect from July 9.Shareholders will be entitled to receive payment of 5.50 pounds per share in cash following the effective date of the arrangement.  Full Article

Ramelius Resources Ltd acquires Kathleen Valley gold project from Glencore plc's Xstrata Nickel Australasia Operations Pty Ltd and Giralia Resources Pty Ltd
Monday, 9 Jun 2014 07:39pm EDT 

Ramelius Resources Ltd:Says further broadening of the company's gold operations in Western Australia.Says it has signed sale and purchase agreement with Xstrata Nickel Australasia Operations Pty Ltd(XNAO), a subsidiary of Glencore plc, and with Giralia Resources Pty Ltd to acquire 100 pct. of XNAO Kathleen Valley tenements.And 100 pct. of tenements held by XNAO and Giralia as participants in Kathleen Valley and Mount Harris joint ventures.Upon completion of sale and purchase agreement, signing of ancillary deeds of assumption and assignment plus nickel offtake and Clawback agreement with XNAO, Ramelius will pay XNAO A$3.645 mln cash for 100 pct. of its Kathleen Valley tenements.In addition Ramelius has agreed to pay A$405,000 cash to acquire 100 pct. of adjacent Kathleen Valley joint venture and Mt Harris joint venture.Collectively Package of three contiguous tenement groups will be referred to as Kathleen Valley gold project.  Full Article

Glencore Xstrata PLC approves name change
Tuesday, 20 May 2014 09:36am EDT 

Glencore Xstrata PLC:Says changed its name to Glencore PLC from Glencore Xstrata PLC.Says new name will be effective as of May 23.Says the company ISIN and Share Code will remain unchanged.  Full Article

Blackthorn Resources enters definitive agreement with wholly-owned subsidiaries of Glencore Xstrata Plc to sell interest in perkoa joint venture and related exploration licences
Thursday, 15 May 2014 11:00pm EDT 

Blackthorn Resources Ltd:To sell its interest in the Perkoa Project and its Burkina Faso exploration licences to wholly-owned subsidiaries of Glencore Xstrata Plc (Glencore).Says it will receive $12 mln cash as consideration for the sale; $10 mln for its interest in the Perkoa Project and $2 mln for the exploration licences.In addition, Blackthorn Resources will not be required to contribute its $9 mln share of the $30 mln working capital funding requirement for the project announced in Aug. 2013.  Full Article

Glencore Xstrata PLC appoints Chairman
Thursday, 8 May 2014 02:00am EDT 

Glencore Xstrata PLC:Appointment with immediate effect of Tony Hayward as permanent Chairman of Company.  Full Article

PolyMet Mining Corp and Glencore agree to extend term of $32.2 mln convertible debentures
Friday, 25 Apr 2014 08:08am EDT 

PolyMet Mining Corp:Says it has renegotiated its debenture financing with Glencore AG, a subsidiary of Glencore Xstrata plc to extend the maturity date of the outstanding securities issuable under the debenture financing.Glencore currently holds 78,724,821 common shares of PolyMet representing about 28.6 pct of PolyMet's issued and outstanding common shares.As a result of the extension of the Exchange Warrant, the number of common shares issuable to Glencore under the Exchange Warrant would increase by 1,300,556 to 26,829,014 at Sept. 30, 2015.If exercised, would result in Glencore holding 105,553,826 common shares representing about 34.9 pct of the outstanding common shares of PolyMet.  Full Article

RPT-COLUMN-Glencore's Pacorini entrenches LME warehousing position: Andy Home

LONDON, Dec 15 - Load-out queues in the London Metal Exchange's (LME) warehousing network fell across the board last month.

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