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Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

246.90GBp
22 Nov 2019
Change (% chg)

7.30 (+3.05%)
Prev Close
239.60
Open
240.35
Day's High
249.75
Day's Low
239.10
Volume
28,424,951
Avg. Vol
35,364,204
52-wk High
343.90
52-wk Low
218.60

Latest Key Developments (Source: Significant Developments)

Katanga Mining Announces It Obtained Receipt For Final Prospectus For Rights Offering Backstopped By Glencore
Tuesday, 19 Nov 2019 

Nov 18 (Reuters) - Katanga Mining Ltd ::KATANGA MINING ANNOUNCES THAT IT HAS OBTAINED RECEIPT FOR FINAL PROSPECTUS FOR RIGHTS OFFERING BACKSTOPPED BY GLENCORE TO FUND DEBT REPAYMENT.KATANGA MINING LTD - OBTAINED A RECEIPT FOR FINAL PROSPECTUS TO PURCHASE COMMON SHARES OF CO TO RAISE CDN$7.68 BILLION.  Full Article

Glencore Announces Permanent Closure Of Brunswick Smelter Facility
Wednesday, 13 Nov 2019 

Glencore PLC ::GLENCORE ANNOUNCES PERMANENT CLOSURE OF BRUNSWICK SMELTER FACILITY.GLENCORE CANADA CORPORATION - DECOMMISSIONING PROCESS WILL BEGIN IMMEDIATELY AND NEW BRUNSWICK SMELTER WILL CEASE ALL OPERATIONS BY END OF YEAR.GLENCORE CANADA CORPORATION - INTENDS TO PROVIDE ALL AFFECTED EMPLOYEES AT BRUNSWICK SMELTER PENSION, SEVERANCE AND OUTPLACEMENT SUPPORT SERVICES.GLENCORE - THOROUGHLY ASSESSED ALL OPTIONS AND CAME TO CONCLUSION THAT BRUNSWICK SMELTER IS SIMPLY "NOT SUSTAINABLE".  Full Article

Katanga Mining Announces Rights Offering Backstopped By Glencore To Fund Debt Repayment
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - Katanga Mining Ltd ::KATANGA MINING ANNOUNCES RIGHTS OFFERING BACKSTOPPED BY GLENCORE TO FUND DEBT REPAYMENT.KATANGA MINING LTD - COMPANY TO RAISE AN ESTIMATED CDN$7.6 BILLION UNDER DISCOUNTED RIGHTS OFFERING.KATANGA MINING LTD - GLENCORE TO PROVIDE FULL STANDBY COMMITMENT.KATANGA MINING LTD - US$5.8 BILLION IN DEBT OWED TO GLENCORE TO BE REPAID.KATANGA MINING LTD - APPROXIMATELY US$1.5 BILLION RESIDUAL DEBT TO GLENCORE TO REMAIN OUTSTANDING UNTIL 2023.KATANGA MINING LTD - GLENCORE IS NOT COMMITTING ANY NEW MONIES TO KATANGA AS A RESULT OF RIGHTS OFFERING.  Full Article

Century Aluminum Company Posts Q3 Loss Per Share Of $0.23
Wednesday, 6 Nov 2019 

Nov 5 (Reuters) - Century Aluminum Co ::MPANY REPORTS THIRD QUARTER 2019 RESULTS.QTRLY SHIPMENTS OF 198,543 TONNES, A 2% DECREASE OVER PRIOR QUARTER.Q3 ADJUSTED LOSS PER SHARE $0.39.Q3 LOSS PER SHARE $0.23.Q3 SALES $438 MILLION VERSUS REFINITIV IBES ESTIMATE OF $462.3 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $-0.30 -- REFINITIV IBES DATA.  Full Article

CEO Ivan Glasenberg Discloses 9.00% Stake In Glencore As Of Oct 9 Vs Prior Stake Of 8.31% - Filing
Thursday, 10 Oct 2019 

Oct 10 (Reuters) - Glencore PLC ::CEO IVAN GLASENBERG DISCLOSES 9.00% STAKE IN GLENCORE AS OF OCT 9 VERSUS PRIOR STAKE OF 8.31% - FILING.  Full Article

Glencore Says African Copper Business Did Not Meet Expectations in HY
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Glencore PLC ::GLENCORE PLC - 2019 HALF-YEAR PRODUCTION REPORT.GLENCORE - HY OWN SOURCED COPPER PRODUCTION OF 663,000 TONNES WAS 33,200 TONNES (5%) LOWER THAN H1 2018.GLENCORE - HY OWN SOURCED COBALT PRODUCTION OF 21,300 TONNES WAS 4,600 TONNES (28%) HIGHER THAN H1 2018.GLENCORE - HY OWN SOURCED ZINC PRODUCTION OF 535,900 TONNES WAS 37,700 TONNES (8%) HIGHER THAN H1 2018.GLENCORE - AFRICAN COPPER BUSINESS DID NOT MEET EXPECTED OPERATIONAL PERFORMANCE.GLENCORE - HY OWN SOURCED NICKEL PRODUCTION OF 55,400 TONNES WAS 6,800 TONNES (11%) LOWER THAN H1 2018.GLENCORE - HY COAL PRODUCTION OF 68.2 MILLION TONNES WAS 6.2 MILLION TONNES (10%) HIGHER THAN IN H1 2018.GLENCORE - HY OIL ENTITLEMENT INTEREST PRODUCTION OF 2.2 MILLION BARRELS WAS BROADLY IN LINE WITH H1 2018.GLENCORE - SEES FY COPPER – EXCLUDING. AFRICAN COPPER PRODUCTION 1,025 ± 25 KT.GLENCORE - SEES FY COBALT PRODUCTION DOWN 57 ± 4 KT.GLENCORE - SEES FY ZINC PRODUCTION 1,195 ± 30 KT.GLENCORE - SEES FY NICKEL PRODUCTION 128 ± 5 KT.GLENCORE - SEES FY FERROCHROME PRODUCTION 1,480 ± 25 KT.GLENCORE - SEES FY COAL PRODUCTION 145 ± 3 MT.GLENCORE - SEES FY OIL PRODUCTION 5.5 ± 0.2 MBBL.GLENCORE - HAVE MOVED TO ADDRESS CHALLENGES AT KATANGA WITH SEVERAL MANAGEMENT CHANGES AS WELL AS OVERSEEING A DETAILED OPERATIONAL REVIEW.GLENCORE - COMPLETION OF REPAIRS TO MOPANI'S SMELTER IS EXPECTED BY END OF 2019.  Full Article

Katanga Mining Receives Confirmation From Kamoto Copper Co That Armed Forces Of DRC Are In Area Around Operations Of KCC
Friday, 5 Jul 2019 

July 4 (Reuters) - Katanga Mining Ltd ::KATANGA MINING - RECEIVED CONFIRMATION FROM 75%-OWNED SUBSIDIARY, KAMOTO COPPER CO THAT ARMED FORCES OF DRC ARE IN AREA AROUND OPERATIONS OF KCC.KATANGA MINING - KCC COMMUNICATED TO FARDC TO EXERCISE RESTRAINT, OPERATE IN ACCORDANCE WITH VOLUNTARY PRINCIPLES & INTERNATIONAL HUMAN RIGHTS STANDARDS.  Full Article

Glencore Increases Its Shareholdings In PolyMet Following Completion Of Rights Offering
Wednesday, 3 Jul 2019 

July 2 (Reuters) - Glencore PLC ::GLENCORE INCREASES ITS SHAREHOLDINGS IN POLYMET FOLLOWING COMPLETION OF RIGHTS OFFERING.GLENCORE- UNDER AGREEMENT WITH POLYNET, CO ACQUIRED AN AGGREGATE TOTAL OF 627 MILLION COMMON SHARES AT AN AGGREGATE SUBSCRIPTION PRICE OF US$243 MILLION.  Full Article

Glencore Confirms 19 Killed At Mine Collapse In Congo
Thursday, 27 Jun 2019 

June 27 (Reuters) - Glencore PLC ::FATALITIES OF ILLEGAL ARTISANAL MINERS AT KCC.INCIDENT HAS NOT HAD AN IMPACT ON PRODUCTION..THERE WERE 19 FATALITIES, WITH POSSIBLE FURTHER UNCONFIRMED FATALITIES AT KCC.KCC, SUBSIDIARY OF GLENCORE, OBSERVED GROWING PRESENCE OF ILLEGAL ARTISANAL MINERS THROUGHOUT INDUSTRIAL MINING CONCESSIONS IN KOLWEZI AREA.KCC IS CURRENTLY ENGAGED IN ASSISTING SEARCH AND RESCUE OPERATIONS WITH LOCAL AUTHORITIES.  Full Article

Umicore A Enters Into A Long-Term Revolving Agreement With Glencore
Wednesday, 29 May 2019 

May 29 (Reuters) - UMICORE SA ::ENTERS INTO A LONG-TERM REVOLVING AGREEMENT WITH GLENCORE.AGREEMENT FOR THE SUPPLY OF COBALT HYDROXIDE (COBALT) TO UMICORE’S BATTERY MATERIALS VALUE CHAIN.COBALT UNITS WILL BE SHIPPED TO UMICORE’S COBALT REFINERIES GLOBALLY, INCLUDING THE KOKKOLA REFINERY IN FINLAND ONCE THE ONGOING ACQUISITION PROCESS IS COMPLETE.AGREEMENT ALSO PROVIDES GLENCORE LONG-TERM MARKET ACCESS FOR ITS COBALT RAW MATERIALS IN LINE WITH UMICORE’S GROWING CATHODE MATERIALS SALES.  Full Article

Exclusive: Russia's VTB plans to expand grain business and then exit - CEO

MOSCOW Russia's VTB bank, which is expanding in commodities in a bid to create a national grains champion, will exit the sector once it has built up the assets in the next few years, its CEO told Reuters.