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United States

Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

270.00GBp
17 Jun 2019
Change (% chg)

-2.05 (-0.75%)
Prev Close
272.05
Open
272.25
Day's High
273.55
Day's Low
269.00
Volume
27,847,139
Avg. Vol
33,595,615
52-wk High
388.00
52-wk Low
249.75

Latest Key Developments (Source: Significant Developments)

Glencore Says Alex Sanna To Replace Head Of Oil Marketing Alex Beard
Monday, 3 Jun 2019 03:05am EDT 

June 3 (Reuters) - Glencore PLC ::MANAGEMENT CHANGES.ALEX BEARD, HEAD OF OIL, WILL RETIRE FROM GLENCORE WITH EFFECT FROM 30 JUNE 2019..ALEX BEARD WILL BE REPLACED AS HEAD OF OIL MARKETING BY ALEX SANNA.REPORTING LINES FOR OIL ASSETS WILL BE TRANSITIONED TO PETER FREYBERG.PETER FREYBERG WILL NOW BECOME HEAD OF INDUSTRIAL ASSETS ACROSS GROUP.  Full Article

Century Aluminum Enters Loan Agreement With Glencore Ltd
Friday, 3 May 2019 04:36pm EDT 

May 3 (Reuters) - Century Aluminum Co ::CENTURY ALUMINUM CO - ENTERED INTO A LOAN AGREEMENT DATED AS OF APRIL 29, 2019 WITH GLENCORE LTD..CENTURY ALUMINUM CO - BORROWED $40 MILLION FROM GLENCORE LTD.CENTURY ALUMINUM CO - LOAN MATURES ON DECEMBER 31, 2021.CENTURY ALUMINUM CO - LOAN BEARS INTEREST AT A FLOATING RATE EQUAL TO LIBOR PLUS 5.375% AND IS NOT SECURED BY ANY COLLATERAL.  Full Article

Aeris Resources Updates On Offer To Acquire CSA Mine
Sunday, 14 Apr 2019 07:42pm EDT 

April 15 (Reuters) - Aeris Resources Ltd ::ADVISES THAT IT HAS BEEN UNABLE TO COME TO AGREEABLE TERMS WITH GLENCORE.UPDATES ON OFFER TO ACQUIRE CSA MINE.  Full Article

Aeris Resources Updates On CSA Offer
Monday, 1 Apr 2019 06:36pm EDT 

April 2 (Reuters) - Aeris Resources Ltd ::UPDATE ON CSA OFFER; DISCUSSIONS WITH GLENCORE REGARDING PROPOSED ACQUISITION ARE CONTINUING.NO CONCLUDED AGREEMENT HAS YET BEEN REACHED ON TRANSACTION, NOR ON FUNDING STRUCTURE.  Full Article

Glencore Announces Refinancing And Extension Of Revolving Credit Facilities
Friday, 29 Mar 2019 04:30am EDT 

March 29 (Reuters) - Glencore PLC ::GLENCORE PLC - REFINANCING+EXTENSION REVOLVING CREDIT FACILITIES.GLENCORE - SHORT-TERM FACILITIES WERE INITIALLY LAUNCHED AT USD 8 BILLION AND CLOSED SUBSTANTIALLY OVERSUBSCRIBED, RAISING USD 10.55 BILLION.GLENCORE - LONGER-TERM USD 4.65 BILLION REVOLVING CREDIT FACILITY (VOLUNTARILY REDUCED FROM USD $5.115 BILLION) WAS AMENDED AND EXTENDED TO 2024.  Full Article

SA's Competition Tribunal Approves Glencore, Chevron Merger, With Conditions
Friday, 15 Mar 2019 10:30am EDT 

March 15 (Reuters) - SA's Competition Tribunal::APPROVES GLENCORE AND CHEVRON MERGER, WITH CONDITIONS.APPROVED GLENCORE S. AFRICA, CHEVRON S. AFRICA MERGER SUBJECT TO EMPLOYMENT, PRODUCTION, INVESTMENT, PUBLIC INTEREST CONDITIONS.  Full Article

Glencore Plans To Cut About 2,000 Employees At Mutanda In Congo - WSJ
Tuesday, 19 Feb 2019 09:23am EST 

Feb 19 (Reuters) - Glencore PLC ::GLENCORE TO CUT PRODUCTION AT MAJOR COPPER, COBALT MINE- WSJ.GLENCORE PLANS TO CUT ABOUT 2,000 EMPLOYEES AT MUTANDA IN CONGO - WSJ, CITING SOURCES.  Full Article

Glencore Says 2018 Copper Production Rose 11 Pct
Friday, 1 Feb 2019 02:00am EST 

Feb 1 (Reuters) - Glencore PLC ::FULL YEAR 2018 PRODUCTION REPORT.FY OWN SOURCED COPPER PRODUCTION OF 1,453,700 TONNES WAS 144,000 TONNES (11%) HIGHER THAN IN 2017.FY COBALT PRODUCTION OF 42,200 TONNES WAS 14,800 TONNES (54%).FY OWN SOURCED ZINC PRODUCTION OF 1,068,100 TONNES WAS IN LINE WITH 2017.FY ATTRIBUTABLE COAL PRODUCTION OF 129.4 MILLION TONNES WAS 8.8 MILLION TONNES (7%) HIGHER THAN IN 2017.FY OWN SOURCED NICKEL PRODUCTION OF 123,800 TONNES WAS 14,600 TONNES (13%) HIGHER THAN IN 2017.FY OIL ENTITLEMENT INTEREST PRODUCTION OF 4.6 MILLION BARRELS WAS 0.4 MILLION BARRELS (8%) BELOW THAT RECORDED IN 2017.SEES 2019 COPPER PRODUCTION 1,540 KT ± 45 KT.SEES 2019 COBALT PRODUCTION 57 KT ± 5 KT.SEES 2019 ZINC PRODUCTION 1,195 KT ± 30 KT.SEES 2019 LEAD PRODUCTION 345 KT ± 10 KT.SEES 2019 NICKEL PRODUCTION 138 KT ± 5 KT.SEES 2019 FERROCHROME PRODUCTION 1,690 KT ± 30 KT.SEES 2019 COAL PRODUCTION 145 MT ± 3 MT.SEES 2019 OIL PRODUCTION 6.2 MBBL ± 0.2 MBBL.  Full Article

Rusal Says En+ Enters Into Securities Exchange Agreements With Glencore Units
Sunday, 27 Jan 2019 07:06pm EST 

Jan 28 (Reuters) - United Company Rusal Plc <0486.HK>::EN+ ANNOUNCED IT ENTERED INTO A SECURITIES EXCHANGE AGREEMENT AND CERTAIN OTHER RELATED AGREEMENTS WITH CERTAIN SUBSIDIARIES OF GLENCORE PLC.PURSUANT TO DEAL GLENCORE TO TRANSFER 8.75% OF CO'S SHARES TO EN+ IN CONSIDERATION FOR EN+ ISSUING NEW GDRS TO GLENCORE.GLENCORE HAS AGREED TO TRANSFER ITS SHARES IN COMPANY TO EN+ IN TWO STAGES.  Full Article

Victoria Oil & Gas Gets Presidential Decree On Matanda Production Licence
Wednesday, 2 Jan 2019 02:00am EST 

Jan 2 (Reuters) - Victoria Oil & Gas PLC ::PRESIDENTIAL DECREE ON MATANDA RECEIVED.UNIT GOT DECREE AUTHORISING TRANSFER OF INTEREST IN MATANDA PRODUCTION SHARING AGREEMENT LICENCE ASSIGNED FROM GLENCORE.  Full Article

Bosnia's Aluminij seeking strategic partner, says talking to Glencore

SARAJEVO, June 17 Bosnia's aluminium smelter Aluminij Mostar is seeking a strategic partner to avoid bankruptcy and a consortium led by London-listed miner and commodity trader Glencore has shown interest, its general manager said on Monday.