Edition:
United States

Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

319.45GBp
17 Feb 2017
Change (% chg)

-5.05 (-1.56%)
Prev Close
324.50
Open
322.50
Day's High
327.00
Day's Low
318.80
Volume
52,571,619
Avg. Vol
55,301,967
52-wk High
334.46
52-wk Low
105.00

Latest Key Developments (Source: Significant Developments)

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

ACCC releases statement of issues on Aurizon and Pacific National’s competing proposals to acquire GRail
Wednesday, 5 Oct 2016 06:09pm EDT 

Australian Competition and Consumer Commission : Releases statement of issues on aurizon and pacific national’s competing proposals to acquire grail . Currently assessing the proposals against the alternative scenario of a new player entering the market by acquiring GRail. .Invites responses to statement of issues by 21 October 2016.  Full Article

Glencore says offer to purchase up to $1.25 bln of notes
Monday, 3 Oct 2016 11:56am EDT 

Glencore Plc :Glencore announces offer to purchase up to aggregate maximum tender amount of $1.25 billion of outstanding notes.  Full Article

Glencore CEO says intending to resume Katanga production in early 2018
Wednesday, 24 Aug 2016 04:41am EDT 

Glencore Plc : CEO says will look at selling gold assets given higher gold price . CEO says intending to bring Katanga back into production in early 2018 Further company coverage: [GLEN.L] (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

Glencore H1 adj. EBITDA $4.02 bln
Wednesday, 24 Aug 2016 02:00am EDT 

Glencore Plc : H1 adjusted ebitda 4.0 billion usd . H1 adjusted ebitda $4,020 million versus $4,611 million year ago . H1 adjusted ebit $875 million versus $1,412 million year ago . Full year unit cost estimates have been reduced to reflect stronger than expected cost improvements over year to date . H1 marketing adjusted ebit increased by 14% to $1.2 billion, supported by strong contributions from metals & minerals . Targeting even lower net funding and net debt of $31-32 billion and $16.5-17.5 billion by end of 2016 .Glencore CEO says "demand for our commodities has remained healthy and prices are increasingly reflecting the individual supply conditions of each commodity.".  Full Article

Evolution Mining acquires 30 pct stake plus all of gold from Glencore's Ernest Henry copper mine
Tuesday, 23 Aug 2016 06:49pm EDT 

Evolution Mining Ltd : Acquisition of economic interest in Ernest Henry and AREO . Deal for A$880 million . Says Evolution has entered into a strategic alliance with Glencore in respect of potential future regional acquisitions . Transaction reduces Evolution Group FY 2017 AISC guidance from A$1,000/oz to A$930/oz . Unit entered into transaction with Glencore PLC to acquire economic interest in Glencore's Ernest Henry operation . Says acquisition expected to be earnings, cash flow and value accretive . Transaction is expected to deliver Evolution gold production at extremely low AISC . Reduces Evolution Group FY 2017 AISC guidance from A$1,000/oz to A$930/oz . Intends to raise A$401 million through underwritten pro-rata accelerated renounceable entitlement offer to partly fund the transaction . Offer price represents 13.4% discount to theoretical ex rights price based on adjusted last closing price of Evolution on 23 August 2016 . Offer at a price of A$2.05 per new share .Revised FY 2017 group production guidance of 800,000 - 860,000oz at an AISC of A$900 - A$960/oz.  Full Article

Glencore H1 zinc output down 31 percent
Thursday, 11 Aug 2016 02:00am EDT 

Glencore Plc : H1 production, as expected, was down period-on-period in commodities where we previously announced . H1 own sourced copper production of 703,000 tonnes was 4 pct down on H1 2015 . Glencore's H1 share of oil production was 4.4 million barrels, a decrease of 18 pct from h1 2015 . H1 production, as expected, was down period-on-period in commodities where we previously announced . H1 own sourced zinc production of 506,500 tonnes was 31 pct lower than h1 2015 . H1 own sourced nickel production of 57,100 tonnes was a 17 pct improvement over h1 2015 . H1 coal production of 58.8 million tonnes was 14 pct lower than h1 2015 .H1 agricultural products processed / produced 6.4 million tonnes, a 43 pct increase than h1 2015.  Full Article

Glencore PLC seeks trading halt pending HY production report announcement<0805.HK>
Wednesday, 10 Aug 2016 08:45pm EDT 

Glencore PLC : Exchange notice - trading halt <0805.HK> . Says trading in shares of co halted will be halted at 9:00 a.m. today on August 11 . says trading halt pending release of its production report for the half year of 2016 which may contain inside information .  Full Article

More From Around the Web

Photo

Russian tycoon Prokhorov cuts Rusal stake in $240 million sale

MOSCOW Russian tycoon Mikhail Prokhorov has offloaded some of his Rusal stake in the open market after talks to sell his holding in the Russian aluminum giant to fellow businessman Viktor Vekselberg stalled.