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Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Century Aluminum Co Q2 adjusted loss per share $0.05
Thursday, 28 Jul 2016 04:05pm EDT 

Century Aluminum Co : Century Aluminum Co says shipments of primary aluminum for Q2 of 2016 were 185,567 tonnes compared with 233,950 tonnes shipped in Q2 of 2015 . Century reports second quarter 2016 financial results . Q2 adjusted loss per share $0.05 . Q2 loss per share $0.11 . Q2 sales $326.8 million versus i/b/e/s view $338.2 million .Q2 earnings per share view $-0.14 -- Thomson Reuters I/B/E/S.  Full Article

Mitchell Services says co secures Glencore contract
Monday, 13 Jun 2016 08:01pm EDT 

Mitchell Services Ltd : MSV secures Glencore contract . Secured a two-year contract with Glencore at its Clermont operation for the provision of near mine exploration drilling .  Full Article

Glencore sells 9.99 pct stake in agri business to British Columbia fund
Thursday, 9 Jun 2016 02:06am EDT 

Glencore Plc :Sale of additional 9.99% stake in Glencore agricultural products to British Columbia Investment Management Corporation.  Full Article

Glencore said near deal to sell further agriculture unit stake - Bloomberg
Wednesday, 8 Jun 2016 10:40am EDT 

: Glencore said near deal to sell further agriculture unit stake - Bloomberg, citing sources .Glencore in advanced talks to sell just-under 10 pct stake in agriculture unit to Canada's British Columbia Investment Management Corp - Bloomberg.  Full Article

Glencore must face lawsuit claiming it tried to monopolize zinc market
Monday, 6 Jun 2016 12:34pm EDT 

Glencore PLC : U.S. judge rejects Glencore PLC bid to dismiss lawsuit claiming it tried to monopolize special high grade zinc market . U.S. district judge katherine forrest in Manhattan says lawsuit tells "plausible story" of market manipulation . Judge says plaintiffs can pursue claim under sherman act, a U.S. antitrust law . Judge dismisses separate claim that glencore's acquisition of pacorini metals was an illegal merger.  Full Article

CalPERS urges Glencore Plc investors to vote for climate change reporting
Wednesday, 11 May 2016 11:54am EDT 

California Public Employees' Retirement System:CalPERS urges Glencore Plc investors to vote for climate change reporting at annual meeting.  Full Article

Glencore targeting 2016 net debt of $17-18 bln
Tuesday, 10 May 2016 08:00am EDT 

Glencore Plc : Targeting 2016 net funding and net debt of $32-33 bln and $17-18 bln respectively . Completion of remaining sales processes from $2.6 bln of asset disposals announced in April 2016 expected this quarter . Current reinvestment is insufficient to maintain current production levels over the medium term Further company coverage: [GLEN.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Atlas Iron says Glencore through maru sky acquired 754 mln ordinary shares in co
Sunday, 8 May 2016 08:50pm EDT 

Atlas Iron Ltd : Glencore through Maru Sky acquired 754 million ordinary shares in Atlas Iron .  Full Article

Glencore PLC - African Rainbow Minerals Ltd Minerals cuts jobs as H1 profits halve - Reuters News
Thursday, 10 Mar 2016 08:46pm EST 

Glencore PLC:Diversified mining group African Rainbow Minerals (ARM) said on Friday its first-half profit halved due to sharply softer commodity prices, prompting layoffs and costs cuts to stay afloat - RTRS.Headline earnings per share, a measure that strips off certain one off items, in the six months to December reached 233 cents from 473 cents a year earlier.ARM, which has interests in platinum, iron ore, coal, copper, and gold saw lower prices in all of its commodities except for chrome."ARM has responded proactively to the commodity price downturn and has implemented operating and capital cost reduction initiatives at all its operations," the company said in a statement.The company operates joint ventures with Anglo American Platinum, Assore, Impala Platinum, Glencore and Vale.ARM cut planned spending for the first half of 2016 by 15 percent to 1.4 billion rand ($92 million) mainly from curtailments in the ferrous metals Black Rock Project, which is its most capital intensive venture.The company said it would cut jobs at its platinum mines Modikwa and Nkomati, Beeshoek iron ore mine and Khumani chrome mines but did not say how many positions were on the line.  Full Article

Glencore PLC - Two dead, five missing in Congo after wall collapse at Glencore mine - Reuters News
Monday, 7 Mar 2016 11:13pm EST 

Glencore PLC:Two workers at Glencore's huge Katanga Mining copper and cobalt operation in southeastern Democratic Republic of Congo died on Tuesday and five remain missing, the mine's chairman said after a 250-metre pit wall collapsed. - RTRS."Of the seven who disappeared, two bodies were found," Gustave Nzeng, chairman of Kamoto Copper Company (KCC), the joint venture that runs the mine, told reporters in the town of Kolwezi.Rescue efforts to find the remaining workers were being hindered by heavy rain, Nzeng said. Mining companies in Congo extracted just under 1 million tonnes of copper in 2015, making the country Africa's top producer.The Katanga Mining joint venture is controlled by Glencore, the Swiss-based mining and trading company, while Congo's state mining company Gecamines and Israeli billionaire Dan Gertler's Fleurette Group both hold minority stakes.The project is one of the country's largest and consists of both underground and open-air mines formerly owned by Gecamines. It started commercial production in 2008.Katanga Mining announced an 18-month suspension of production last September, but work on maintenance and an $880 million modernisation project to cut costs has continued.  Full Article