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Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

318.35GBp
20 Jan 2017
Change (% chg)

2.25 (+0.71%)
Prev Close
316.10
Open
313.65
Day's High
318.60
Day's Low
311.65
Volume
39,622,753
Avg. Vol
56,678,323
52-wk High
324.20
52-wk Low
70.10

Latest Key Developments (Source: Significant Developments)

Glencore says accepted $1.34 bln in notes tender offer
Thursday, 15 Dec 2016 06:41am EST 

Glencore Plc : Has accepted $1.34 billion of principal amount of notes for purchase as of its early tender date .Glencore announces early tender offer results.  Full Article

Glencore pegs idled zinc production restart on market conditions
Thursday, 1 Dec 2016 07:17am EST 

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.  Full Article

Glencore says note holders can tender notes for up to $1 bln in cash
Thursday, 1 Dec 2016 06:30am EST 

Glencore Plc : Announces $1,000,000,000 tender offer . Glencore Funding Llc invited holders to tender some or all of their notes for purchase by company for cash of up to $1.00 billion .All holders of notes accepted for purchase will receive accrued and unpaid interest from last interest payment date up to applicable payment date..  Full Article

Glencore announces new distribution policy for 2018
Thursday, 1 Dec 2016 02:00am EST 

Glencore Plc : Glencore plc - investor update . Debt reduction plan nearing completion and capital structure repositioned . On track for $16.5-$17.5 billion net debt by end 2016 . Divestment processes successfully completed at $6.3 billion versus original guidance of $1-2 billion . 2017 illustrative free cash flow of c.$6.5 billion from EBITDA of c.$14.0 billion at calendar 2017 prices . 2016 marketing EBIT expected towards upper end of recently tightened guidance range of $2.5 to $2.7 billion . New distribution policy to take effect from 2018, comprises of fixed $1 billion base distribution .New distribution policy comprises also of variable distribution representing min payout of 25 percent of industrial free cash flow.  Full Article

Glencore updates on some completes disposals
Thursday, 1 Dec 2016 02:00am EST 

Glencore Plc : Disposals programme completions . Has today completed sales of its Grail business for AUD1.14 billion to Genesee & Wyoming Australia . Completed sale of stakes totalling 49.99 pct in Glencore Agriculture to Canada Pension Plan Investment Board and British Columbia Investment for $3.124 billion in aggregate . Sale of an economic interest in Ernest Henry Copper-Gold operation to Evolution Mining Limited completed at beginning of November, with Glencore then receiving AUD880 million .Total proceeds from transactions referred to above, all of which have been received, are $4.7 billion.  Full Article

Glencore Plc says trading in HK ordinary shares will be halted with effect from 1 December 2016
Wednesday, 30 Nov 2016 08:14pm EST 

Glencore Plc : Glencore-s-trading Halt <0805.HK> . Glencore Plc trading in its HK ordinary shares will be halted with effect from Thursday, 1 December 2016 .Seeks trading halt pending co's release of business update to be presented on scheduled investor day and which may constitute as inside information.  Full Article

Century Aluminum says CFO Rick Dillon to depart
Friday, 18 Nov 2016 09:05am EST 

Century Aluminum Co : Says CFO Rick Dillon will be leaving company . Says CEO Michael Bless, will assume responsibilities of principal financial officer until board selects Dillon's replacement .Century announces departure of chief financial officer; chief executive officer to assume interim role as principal financial officer.  Full Article

ACCC notified by Glencore PLC of access dispute on 4 November
Tuesday, 15 Nov 2016 07:12pm EST 

Australian Competition and Consumer Commission : If challenge is successful, the arbitration process will stop . Glencore notified the accc of the access dispute on 4 november 2016 and has requested that the accc arbitrate . Declaration of the shipping channel service is currently the subject of an application for judicial review by the full federal court .Dispute relates to the level of access charges, and access terms, set by PNO for users of the shipping channel service at the port.  Full Article

Century Aluminum Q3 loss per share $0.67
Thursday, 27 Oct 2016 04:05pm EDT 

Century Aluminum Co : Century reports third quarter 2016 financial results . Q3 adjusted loss per share $0.31 . Q3 loss per share $0.67 . Q3 sales $333.7 million versus I/B/E/S view $331.2 million . Century Aluminum Co says shipments of primary aluminum for Q3 of 2016 were 182,429 tonnes compared with 231,040 tonnes shipped in Q3 of 2015 . Century Aluminum Co says decrease in sales and shipment volume was primarily due to curtailment actions taken in second half of 2015 .Q3 earnings per share view $0.01 -- Thomson Reuters I/B/E/S.  Full Article

Merafe 9-months attributable ferrochrome production up 3 pct
Wednesday, 12 Oct 2016 03:19am EDT 

Merafe Resources Ltd : Merafe Resources - attributable ferrochrome production from Glencore Merafe chrome venture for first 9 months up 3% .Increase was primarily attributable to additional production from project lion ii furnaces.  Full Article

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Rosneft sends oil to Hungary, Slovakia with Glencore's help

MOSCOW Russia's biggest oil producer Rosneft has started supplying oil to Hungary and Slovakia with Glencore, expanding into new markets after recent acquisitions, three industry sources told Reuters on Friday.