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Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

403.00GBp
16 Jan 2018
Change (% chg)

-6.55 (-1.60%)
Prev Close
409.55
Open
403.45
Day's High
407.95
Day's Low
402.80
Volume
24,310,907
Avg. Vol
41,018,373
52-wk High
413.00
52-wk Low
270.00

Latest Key Developments (Source: Significant Developments)

Glencore to cancel secondary listing in Hong Kong - FT, citing sources
Monday, 30 Oct 2017 03:58am EDT 

Oct 30 (Reuters) - :Glencore is set to cancel its secondary listing in Hong Kong amid a lack of interest from investors - FT, citing sources.  Full Article

Glencore sees 2017 copper production 1,310 ± 15 KT
Monday, 30 Oct 2017 03:13am EDT 

Oct 30 (Reuters) - Glencore Plc :SEES 2017 COPPER PRODUCTION 1,310 ± 15 KT.SEES 2017 ZINC PRODUCTION 1,105 ± 15 KT.SEES 2017 LEAD PRODUCTION 280 ± 5 KT.SEES 2017 NICKEL PRODUCTION 115 ± 4 KT.SEES 2017 FERROCHROME PRODUCTION OF 1,550 ± 15 KT.SEES 2017 COAL PRODUCTION OF 124 ± 3 MT.  Full Article

Glencore hikes 2017 marketing EBIT guidance to $2.6-$2.8 bln from $2.4-$2.7 bln
Monday, 30 Oct 2017 03:00am EDT 

Oct 30 (Reuters) - Glencore Plc :9-MONTH ‍OWN SOURCED COPPER PRODUCTION OF 946,500 TONNES WAS 11% LOWER THAN COMPARABLE 2016 PERIOD​.9-MONTH ‍OWN SOURCED ZINC PRODUCTION OF 827,400 TONNES WAS 5% UP ON COMPARABLE PERIOD​.9-MONTH ‍OWN SOURCED NICKEL PRODUCTION OF 80,700 TONNES WAS DOWN 2% ON COMPARABLE PERIOD​.9-MONTH ‍COAL PRODUCTION OF 91 MILLION TONNES WAS IN LINE WITH COMPARABLE PERIOD​.‍FULL YEAR 2017 MARKETING EBIT GUIDANCE INCREASED TO $2.6 TO $2.8 BILLION, REFLECTING A STRONG Q3 PERFORMANCE (PREVIOUSLY $2.4 TO $2.7 BILLION)​.9-MONTH ‍ATTRIBUTABLE FERROCHROME PRODUCTION OF 1,107,000 TONNES WAS IN LINE WITH COMPARABLE PERIOD​.9-MONTH ‍GLENCORE'S OIL ENTITLEMENT PRODUCTION INTEREST OF 3.9 MILLION BARRELS WAS 36% BELOW COMPARABLE 2016 PERIOD​.  Full Article

Russia's En+ to pay out $125 mln in interim dividends in Dec
Friday, 20 Oct 2017 02:00am EDT 

Oct 20 (Reuters) - En+ Group::Says board approves interim dividends of $125 million to be paid in December 2017;.Says following results of 2017, it aims to declare additional dividends in 2018 for 2017..  Full Article

United Company RUSAL announces possible share transfer between shareholders
Wednesday, 18 Oct 2017 07:51pm EDT 

Oct 19 (Reuters) - United Company RUSAL:Possible Share Transfer Between Shareholders Of The Company .‍En+ announced that En+ and Amokenga entered into a non-binding term sheet in relation to a possible share transfer​.‍Amokenga will subscribe for a certain number of GDRS in En+​.‍as consideration for subscription, Amokenga will transfer about 8.75% of total issued share capital of company to En+​.‍if possible share transfer materializes, En+'s shareholding in co will increase from 48.13% to approximately 56.88%​.  Full Article

Russia's En+ to covert Glencore's stake in Rusal into En+ GDRs
Wednesday, 18 Oct 2017 11:40am EDT 

Oct 18 (Reuters) - Russia's holding group En+ Group said::En+ Group signed non-binding term sheet with Amokenga Holdings Limited (AHL), a subsidiary of Glencore plc <<>>, for the conversion of Glencore's 8.75 percent shareholding in Rusal <<<0486.HK>>> into global depositary receipts representing ordinary shares of En+ Group. .The conversion is expected to occur following the completion of the announced initial public offering by En+ Group..Upon completion of conversion, En+ Group's shareholding in Rusal would increase to 56.88 percent from 48.13 percent..En+ says ‍following completion of transaction, AHL would be entitled to appoint Glencore CEO to the board of directors of En+ Group.​.En+ is not required to make a mandatory takeover offer as a result of transaction..  Full Article

BRIEF- Glencore-QIA consortium to sell 14.16 pct stake in Rosneft Oil Company
Monday, 16 Oct 2017 11:26am EDT 

Repeats to add Rosneft's RIC:‍STAKE IN ROSNEFT HELD BY GLENCORE-QIA CONSORTIUM​.REFERS TO ANNOUNCEMENT THAT CONSORTIUM HAD CONCLUDED AGREEMENT WITH CEFC CHINA ENERGY COMPANY LTD (CEFC) FOR DISPOSAL BY CONSORTIUM OF A 14.16% STAKE IN ROSNEFT​.SAYS ‍CONSORTIUM HAS FINALISED NEGOTIATIONS WITH CEFC AND ELECTED TO PROCEED WITH TRANSACTION​.‍CONSIDERATION FOR DISPOSAL OF 14.16 PCT STAKE AMOUNTS TO: (1) 3,905,850,665 EUROS; PLUS (2) AMOUNT OF EUROS ARISING FROM CONVERSION OF $4,576,094,639 AT A FIVE DAY AVERAGE EXCHANGE RATE AT DATE OF PAYMENT​.  Full Article

Glencore-QIA consortium to sell 14.16 pct stake in Rosneft Oil Company
Monday, 16 Oct 2017 11:26am EDT 

Oct 16 (Reuters) - GLENCORE PLC ::‍STAKE IN ROSNEFT HELD BY GLENCORE-QIA CONSORTIUM​.REFERS TO ANNOUNCEMENT THAT CONSORTIUM HAD CONCLUDED AGREEMENT WITH CEFC CHINA ENERGY COMPANY LTD (CEFC) FOR DISPOSAL BY CONSORTIUM OF A 14.16% STAKE IN ROSNEFT​.SAYS ‍CONSORTIUM HAS FINALISED NEGOTIATIONS WITH CEFC AND ELECTED TO PROCEED WITH TRANSACTION​.‍CONSIDERATION FOR DISPOSAL OF 14.16 PCT STAKE AMOUNTS TO: (1) 3,905,850,665 EUROS; PLUS (2) AMOUNT OF EUROS ARISING FROM CONVERSION OF $4,576,094,639 AT A FIVE DAY AVERAGE EXCHANGE RATE AT DATE OF PAYMENT​.  Full Article

Glencore strikes standstill agreement with Bunge - WSJ
Friday, 13 Oct 2017 12:00pm EDT 

Oct 13 (Reuters) - :Glencore strikes a standstill agreement with Bunge - WSJ, citing sources‍​.  Full Article

Glencore ‍proposes to acquire stakes in Chevron South Africa, Chevron Botswana for $973 mln
Friday, 6 Oct 2017 05:33am EDT 

Oct 6 (Reuters) - Glencore Plc :‍PROPOSED ACQUISITION OF SHAREHOLDINGS IN CHEVRON SOUTH AFRICA AND CHEVRON BOTSWANA​.‍AGGREGATE CONSIDERATION FOR DEAL IS $973 MILLION​.ENTERED INTO AGREEMENT WITH OFF SHELF INVESTMENTS FIFTY SIX PROPRIETARY (TO ACQUIRE 75% STAKE IN CHEVRON SOUTH AFRICA).‍INTENDS TO MANAGE OVERALL OIL ASSET PORTFOLIO TO ENSURE THAT NET ADDITIONAL CAPITAL INVESTMENT IS LIMITED TO LESS THAN $500M OVER NEXT 12 MNTHS​.ENTERED INTO AGREEMENT WITH OFF SHELF INVESTMENTS FIFTY SIX PROPRIETARY (TO ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF CHEVRON BOTSWANA.  Full Article

HNA's commodity and logistics unit won't chase U.S. M&A deals in 2018: executive

HONG KONG HNA Group's commodity trading and logistics unit, which last month bought a big stake in Glencore's oil storage business, will not chase U.S. deals in 2018 partly due to Washington's increased scrutiny of Chinese investments, a senior executive of the unit said.