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Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

388.00GBp
16 Feb 2018
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0.00 (+0.00%)
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Latest Key Developments (Source: Significant Developments)

Glencore Plc reports FY Own Sourced Copper Production Of 1.3 Mln Tonnes
Thursday, 1 Feb 2018 02:00am EST 

Feb 1 (Reuters) - Glencore Plc ::FY ‍GLENCORE'S OIL ENTITLEMENT INTEREST OF 5.1 MILLION BARRELS WAS 1.4 MILLION BARRELS (19%) LOWER THAN IN 2016​.SEES 2018 COAL PRODUCTION AT ‍​ 134 ± 5 MT.FY ‍SUDBURY MINES (INO) INCREASED NICKEL RESERVES BY 14 MILLION TONNES OF ORE (48%),​.FY OWN SOURCED COPPER PRODUCTION OF 1,309,700 TONNES WAS 116,100 TONNES (8%) LOWER THAN IN 2016.FY OWN SOURCED ZINC PRODUCTION OF 1,090,200 TONNES WAS IN LINE WITH 2016.SEES 2018 COPPER PRODUCTION AT 1,465 ± 30 KT.SEES 2018 ZINC PRODUCTION AT 1,090 ± 30 ‍KT.FY ‍OWN SOURCED NICKEL PRODUCTION OF 109,100 TONNES WAS 6,000 TONNES (5%) DOWN ON 2016​.SEES 2018 LEAD PRODUCTION AT 300 ± 10 KT.FY ‍COAL PRODUCTION OF 121 MILLION TONNES WAS 3% DOWN ON 2016​.SEES 2018 NICKEL PRODUCTION AT 132 ± 5 ‍KT.SEES 2018 FERROCHROME PRODUCTION AT 1,600 ± 30 KT.GLENCORE - ‍DRILLING IN CHAD RECOMMENCED IN H2 2017 WITH A SINGLE-RIG CAMPAIGN, WHICH IS EXPECTED TO OFFSET NATURAL FIELD DECLINES IN EQUATORIAL GUINEA​.  Full Article

Glencore Completes Sale Of 51 Pct Of Oil Products Storage Business
Friday, 29 Dec 2017 04:10am EST 

Dec 29 (Reuters) - Glencore Plc ::GLENCORE - ‍COMPLETED SALE OF A 51 PCT INTEREST IN HG STORAGE INTERNATIONAL TO HNA INNOVATION FINANCE GROUP CO.GLENCORE - ‍CO AND HNA ENTERED INTO SECOND AGREEMENT PURSUANT TO WHICH 3 OF ORIGINAL TRANSACTION ASSETS LOCATED IN USA WILL BE TRANSFERRED INTO HGSI IN 2018.GLENCORE - ‍OF ORIGINAL PURCHASE PRICE OF $775M, $579M IS ATTRIBUTABLE TO DEC. 29 CLOSING, WITH BALANCE PAYABLE UPON CLOSING OF SECOND AGREEMENT​.  Full Article

Glencore To Restart Lady Loretta Mine In H1 2018, But Zinc Output To Hold Steady
Tuesday, 12 Dec 2017 08:30am EST 

Dec 12 (Reuters) - Glencore Plc ::PLANS TO PROGRESSIVELY RAMP UP LADY LORETTA MINE, ANTICIPATE RESTART IN H1 2018 - INVESTOR CALL.ZINC OUTPUT EXPECTED TO FALL SLIGHTLY IN 2018 TO AROUND 1.09 MILLION TONNES VERSUS 1.1 MILLION TONNES THIS YEAR nL8N1OC3HX.  Full Article

Glencore Plc Sees 2018 Forward Marketing EBIT Of $2.2-3.2 Billion
Tuesday, 12 Dec 2017 07:18am EST 

Dec 12 (Reuters) - Glencore Plc ::SEES FY 2018 COPPER GROUP PRODUCTION 1465± 30 KT.SEES FY 2018 ZINC PRODUCTION 1,090 ± 30 KT.SEES FY 2018 COAL PRODUCTION 139 ± 5 MT.SEES FY 2018 LEAD PRODUCTION 300 ± 10 KT.SEES FY 2018 FERROCHROME PRODUCTION 1,600 ± 30 KT.SEES FY 2018 COBALT GROUP PRODUCTION 39 ± 3 KT.SEES FY 2018 NICKEL PRODUCTION ‍​132 ± 5 KT.2018 FORWARD MARKETING EBIT GUIDANCE OF $2.2-3.2 BILLION.2018-2020 INDUSTRIAL CAPEX AVERAGE GUIDANCE OF ABOUT $4.5BN PER ANNUM.SEES 2018 ILLUSTRATIVE FCF OF ABOUT $7.4 BILLION.  Full Article

Glencore Sees 2017 Marketing EBIT Guidance Of About $2.8 Bln
Tuesday, 12 Dec 2017 02:00am EST 

Dec 12 (Reuters) - Glencore Plc ::2017 MARKETING EBIT GUIDANCE OF C.$2.8BLN.‍2018 ILLUSTRATIVE EBITDA OF C.$16.2BN AT SPOT/FORWARD PRICES​.‍OPTIMAL NET DEBT RANGE OF $10-16BN, NET DEBT /EBITDA < 2.0X THROUGH CYCLE​.2018 DISTRIBUTION POLICY, IN RESPECT OF 2017 CASH FLOWS, COMPRISES FIXED $1BN BASE DISTRIBUTION FROM MARKETING PLUS A MINIMUM PAYOUT OF 25% OF INDUSTRIAL FCF.‍"TIER 1" COMMODITIES, COPPER, COBALT, NICKEL, ZINC & THERMAL COAL, OUTLOOKS "UNDERPINNED BY PERSISTENT SUPPLY CHALLENGES, ROBUST DEMAND​".  Full Article

American Zinc Recycling Announces Strategic Investment by Glencore
Friday, 8 Dec 2017 09:00am EST 

Dec 8 (Reuters) - Glencore Plc ::AMERICAN ZINC RECYCLING LLC - SUBSIDIARY OF GLENCORE PLC HAS PURCHASED A 10% STAKE IN UNIT, AMERICAN ZINC RECYCLING CORP.  Full Article

Glencore appoints Gill Marcus as independent non-executive director​
Thursday, 7 Dec 2017 02:41am EST 

Dec 7 (Reuters) - GLENCORE PLC ::SAYS APPOINTMENT OF GILL MARCUS AS INDEPENDENT NON-EXECUTIVE DIRECTOR OF COMPANY WITH EFFECT FROM 1 JANUARY 2018​.  Full Article

Ontario Teachers' Pension Plan And Glencore Canada Announce Formation Of BaseCore Metals LP
Tuesday, 5 Dec 2017 08:32am EST 

Dec 5 (Reuters) - Glencore Plc ::ONTARIO TEACHERS' PENSION PLAN, GLENCORE CANADA ANNOUNCE FORMATION OF BASECORE METALS LP, A 50:50 JV LIMITED PARTNERSHIP.ONTARIO TEACHERS' PENSION PLAN - VALUE OF INITIAL ROYALTY PORTFOLIO CONTRIBUTED TO BASECORE METALS IS ABOUT $300 MILLION.ONTARIO TEACHERS' PENSION PLAN - GLENCORE AND ONTARIO TEACHERS' WILL EACH HAVE RIGHT TO NOMINATE DIRECTORS TO BASECORE BOARD.  Full Article

Altona Mining ‍Executes Offtake Agreement With Glencore
Wednesday, 29 Nov 2017 10:30pm EST 

Nov 30 (Reuters) - Altona Mining Ltd ::‍EXECUTES OFFTAKE AGREEMENT WITH GLENCORE FOR SALE OF COPPER-GOLD CONCENTRATES PRODUCED FROM CLONCURRY COPPER PROJECT.  Full Article

Glencore sees no change in commissioning of Katanga project
Monday, 20 Nov 2017 02:36am EST 

Nov 20 (Reuters) - Glencore Plc ::GLENCORE PLC - ‍NOTES MATERIAL WEAKNESSES IDENTIFIED IN KATANGA'S INTERNAL CONTROLS OVER FINANCIAL REPORTING​.GLENCORE PLC - ‍GLENCORE HAS NOMINATED THREE NEW DIRECTORS TO BOARD OF KATANGA​.GLENCORE - ‍WILL ALSO BE IMPLEMENTING STRUCTURAL AND CONTROL CHANGES IN ITS COPPER DEPARTMENT TO ENHANCE, STRENGTHEN FINANCIAL PROCESSES AND PROCEDURES​.‍DOES NOT EXPECT ANY CHANGE IN ANTICIPATED TIMING FOR COMMISSIONING OF WHOLE ORE LEACH PROJECT AT KATANGA​.GLENCORE PLC - ‍ADJUSTMENTS ARISING FROM REVIEW DO NOT HAVE A MATERIAL ADVERSE EFFECT ON CONSOLIDATED INCOME OR CASH FLOWS OF GLENCORE​.  Full Article

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As mining investors push caution, Glencore differs from rivals

TORONTO/MELBOURNE As shareholders push the world's cash-rich miners to maintain lush dividends and make the most of existing assets, Glencore is taking a slightly different tactic that positions it for shrewd acquisitions.