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Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

347.15GBp
22 Sep 2017
Change (% chg)

0.60 (+0.17%)
Prev Close
346.55
Open
342.50
Day's High
347.15
Day's Low
340.05
Volume
35,266,710
Avg. Vol
44,955,059
52-wk High
377.00
52-wk Low
200.80

Latest Key Developments (Source: Significant Developments)

PolyMet Q2 loss per share $0.01
Friday, 15 Sep 2017 08:21am EDT 

Sept 15 (Reuters) - PolyMet Mining Corp :PolyMet reports second quarter fiscal 2018 results.PolyMet Mining Corp - ‍also agreed to issue up to an additional $20 million secured debenture to Glencore AG, a wholly owned subsidiary of glencore plc​.PolyMet Mining Corp qtrly ‍loss per share $0.01.  Full Article

Glencore divests ‍stake in Rosneft held with QIA to CEFC China Energy
Friday, 8 Sep 2017 08:01am EDT 

Sept 8 (Reuters) - Glencore Plc :‍STAKE IN ROSNEFT HELD BY GLENCORE-QIA CONSORTIUM​.‍CONSORTIUM CONTROLLED BY GLENCORE AND QATAR INVESTMENT AUTHORITY HAS CONCLUDED AN AGREEMENT WITH CEFC CHINA ENERGY COMPANY LIMITED​.‍AGREEMENT REGARDING A TRANSACTION IN TERMS OF WHICH CONSORTIUM WOULD DISPOSE OF A 14.16% STAKE IN ROSNEFT OIL COMPANY (ROSNEFT) TO CEFC​.‍SALE AT A PREMIUM OF APPROXIMATELY 16% TO 30 DAY VOLUME WEIGHTED AVERAGE PRICE OF ROSNEFT SHARES ON 8 SEPTEMBER 2017​.‍TRANSACTION IS CONDITIONAL ON CONSORTIUM ELECTING TO PROCEED FOLLOWING COMPLETION OF FINAL NEGOTIATIONS AND ON ALL REGULATORY APPROVALS​.  Full Article

Lico Energy Metals to acquire Ontario Cobalt Property from Glencore Plc
Tuesday, 5 Sep 2017 08:00am EDT 

Sept 5 (Reuters) - Lico Energy Metals Inc ::Lico Energy Metals to acquire Ontario Cobalt Property from Glencore Plc.Lico Energy Metals Inc - purchase agreement includes a back-in provision, production royalty and an off-take agreement in favor of Glencore.  Full Article

Nyrstar completes sale of Peruvian Contonga mine
Friday, 1 Sep 2017 01:00am EDT 

Sept 1 (Reuters) - NYRSTAR NV ::REG-NYRSTAR: COMPLETION OF THE CONTONGA MINE SALE.COMPLETED SALE OF ITS CONTONGA MINE IN PERU TO A SUBSIDIARY OF GLENCORE, FOR TOTAL CASH CONSIDERATION OF USD 21 MILLION.  Full Article

Champion Iron announces $25 mln financing
Monday, 28 Aug 2017 06:24pm EDT 

Aug 29 (Reuters) - Champion Iron Ltd :$25m financing & offtake agreement with Glencore.Off-Take arrangements with Glencore in connection with Bloom lake mine restart.Commitment also contemplates that QIO and Glencore will enter into an off-take agreement with fixed terms for 10 years.reducing expected size of its previously announced public offering of subscription from approximately c$50 million to up to c$20 million.Debenture will have a term to maturity of 8 years and bear interest at a rate of 12% for first year.Glencore will also have right to nominate one person to board of directors of champion, subject to shareholder and regulatory approvals..  Full Article

Glencore says continue to review global portfolio
Thursday, 10 Aug 2017 02:18am EDT 

Aug 10 (Reuters) - GLENCORE PLC ::"CONTINUE TO REVIEW GLOBAL PORTFOLIO TO UNLOCK/CREATE VALUE WHERE CERTAIN ASSETS MIGHT BEST BE OWNED IN PARTNERSHIP OR BY OTHERS OUTRIGHT".FIRMING UP THE SALE OF A STAKE IN A PORTFOLIO OF BASE METALS’ ROYALTY / INCOME STREAMS THAT HAVE ACCUMULATED OVER MANY YEARS.  Full Article

Glencore raises 2017 marketing EBIT guidance range by $100 mln
Thursday, 10 Aug 2017 01:05am EDT 

Aug 10 (Reuters) - Glencore Plc ::INCREASED FULL YEAR 2017 MARKETING EBIT GUIDANCE RANGE BY $100 MILLION TO $2.4-$2.7 BILLION .H1 FUNDS FROM OPERATIONS $5,201 MILLION VERSUS $2,762 MILLION.HY ADJUSTED EBITDA OF $6.74 BILLION VERSUS. $4.020 BILLION.NET DEBT FELL A FURTHER $1.6 BILLION TO $13.9 BILLION AT END OF H1 FROM END OF 2016.HY EARNINGS BASIC PER SHARE $0.17.HY NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS OF $2.5 BILLION, UP FROM A LOSS OF $369 MILLION.AS AT JUNE 30, 2017 NET FUNDING $30,190 MILLION VERSUS $32,619 MILLION AS AT DEC 31, 2016.AS AT JUNE 30, 2017 FFO TO NET DEBT RATIO 74 PERCENT VERSUS 50 PERCENT AS AT DEC 31, 2016.AS AT JUNE 30, 2017 NET DEBT TO ADJUSTED EBITDA RATIO 1.07 TIMES VERSUS 1.51 TIMES AS AT DEC 31, 2016."PORTFOLIO OF TIER 1 COMMODITIES UNDERPINS OUR AMBITION TO CREATE SIGNIFICANT LONG-TERM VALUE FOR GLENCORE SHAREHOLDERS" - CEO.  Full Article

Glencore Plc says ‍trading in ordinary H-shares halted
Wednesday, 9 Aug 2017 08:50pm EDT 

Aug 10 (Reuters) - Glencore Plc -:Trading in ordinary shares listed in hong kong will be halted with effect from thursday, 10 august 2017 at 9:00 a.m​.Trading in Hong Kong shares halted pending company's release of its half-year report of 2017​.  Full Article

Century Aluminum Company Q2 earnings per share $0.07
Wednesday, 2 Aug 2017 04:05pm EDT 

Aug 2 (Reuters) - Century Aluminum Co :Century Aluminum Company reports second quarter 2017 results.Q2 adjusted earnings per share $0.01.Q2 earnings per share $0.07.Q2 revenue $388.8 million versus I/B/E/S view $398.3 million.Q2 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Century aluminum co qtrly ‍shipments 186,395 tonnes versus 182,829​ tonnes.Century Aluminum Co - ‍in quarter, results were favorably impacted by a $6.1 million unrealized gain relating to LME forward sales​.Century Aluminum Co - ‍"we are seeing an increase in prices of key raw materials, and we expect this trend to continue for some time"​.  Full Article

Glencore PLC reports HY own-sourced copper production of 642,900 tonnes
Thursday, 27 Jul 2017 02:19am EDT 

July 27 (Reuters) - Glencore Plc :In HY own-sourced copper production of 642,900 tonnes was down 9% on H1 2016.In HY own-sourced zinc production of 570,800 tonnes was up 13%.In HY own-sourced nickel production of 51,200 tonnes was down 10%.In HY coal production of 61.1 million tonnes was up 4% on H1 2016.In HY glencore's oil entitlement production interest of 2.6 million barrels was down 39% on H1 2016.Sees FY copper production 1,330 ± 25 KT.Sees FY zinc production 1,130 ± 25 KT.Sees FY lead production 285 ± 10 KT.Sees FY nickel production 115 ± 4 KT.Sees FY ferrochrome production 1,585 ± 25 KT.Sees FY coal production 132 ± 3 MT.  Full Article

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Exclusive: VW moves to secure cobalt supplies in shift to electric cars

LONDON Germany's Volkswagen is moving to secure long-term supplies of cobalt, a vital component of rechargeable batteries, as the group accelerates its ambitious shift to electric cars.