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Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

208.35GBp
26 Feb 2020
Change (% chg)

-0.10 (-0.05%)
Prev Close
208.45
Open
205.95
Day's High
208.55
Day's Low
202.45
Volume
25,969,510
Avg. Vol
29,209,298
52-wk High
343.90
52-wk Low
202.45

Latest Key Developments (Source: Significant Developments)

Century Aluminum Company Reports Q4 Adjusted Loss Per Share $0.09
Friday, 21 Feb 2020 

Feb 20 (Reuters) - Century Aluminum Co ::MPANY REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS.Q4 ADJUSTED LOSS PER SHARE $0.09.Q4 LOSS PER SHARE $0.05.Q4 SALES $435.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $426.7 MILLION.Q4 SHIPMENTS OF 202,870 TONNES, A 2% INCREASE OVER PRIOR QUARTER.CASH POSITION WAS $38.9 MILLION AND REVOLVER AVAILABILITY WAS $161.6 MILLION AT QUARTER END.Q4 EARNINGS PER SHARE VIEW $-0.18 -- REFINITIV IBES DATA.  Full Article

Glencore says several more senior leadership changes are coming
Tuesday, 18 Feb 2020 

Feb 18 (Reuters) - Glencore Plc ::GLENCORE SAYS IT WILL NOT BE PRODUCING COAL IN COLOMBIA AFTER 2035.GLENCORE SAYS SEVERAL MORE SENIOR LEADERSHIP CHANGES ARE COMING.GLENCORE SAYS THERE'S A CHANCE TO CONTINUE BUY BACKS IN 2020.  Full Article

Glencore Posts FY Adjusted EBITDA Down 26%
Tuesday, 18 Feb 2020 

Feb 18 (Reuters) - Glencore PLC ::FY ADJUSTED EBITDA FELL 26 PERCENT TO 11.6 BILLION USD.PRELIMINARY RESULTS 2019.GLENCORE - FY NET LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF $0.4 BILLION, AFTER $2.8 BILLION OF IMPAIRMENT CHARGES.GLENCORE - FY 2019 ADJUSTED EBITDA OF $11.6 BILLION, DOWN 26%.GLENCORE - FY NET CAPEX CASH FLOW OF $5 BILLION.GLENCORE - ON TRACK TO ACHIEVE A NEAR DOUBLING OF OUR FIRST GHG TARGET WITH A REDUCTION IN SCOPE 1 AND 2 EMISSIONS INTENSITY OF C.10% SINCE 2016.GLENCORE - IN LINE WITH COMMITMENT TO A PARIS CONSISTENT STRATEGY, WE PROJECT A C.30% REDUCTION IN ABSOLUTE SCOPE 3 EMISSIONS BY 2035.GLENCORE - 2020 FOCUS ON REDUCING NET DEBT/ADJUSTED EBITDA RATIO CLOSER TO 1X AND NET DEBT TOWARDS C.$14-15 BILLION RANGE.GLENCORE - LOOKING AHEAD, IN SHORT-TERM, CLOSELY WATCHING CORONAVIRUS DEVELOPMENTS AND POTENTIAL SCENARIO IMPACTS ON GLOBAL GROWTH AND MARKETS.GLENCORE - RECOMMENDED 2020 BASE DISTRIBUTION OF $0.20 PER SHARE ($2.6 BILLION), PAYABLE IN TWO EQUAL INSTALMENTS.GLENCORE - $2.8 BILLION OF IMPAIRMENT CHARGES IN FY.GLENCORE - FY MARKETING ADJUSTED EBIT OF $2.4 BILLION, DOWN 2% YEAR-ON-YEAR.GLENCORE - NET DEBT OF $17.6 BILLION, AFTER $1.25 BILLION OF IFRS 16 RELATED LEASE LIABILITIES AT YEAR END.GLENCORE - 2020 FOCUS ON REDUCING NET DEBT/ADJUSTED EBITDA RATIO CLOSER TO 1X, NET DEBT TOWARDS C.$14-15 BILLION RANGE EXCLUDING MARKETING RELATED LIABILITIES.GLENCORE - FY REVENUE $215,111 MILLION VERSUS $220,524 MILLION.  Full Article

Glencore Plc Appoints Kalidas Madhavpeddi As Independent Non-Executive Director
Tuesday, 4 Feb 2020 

Feb 4 (Reuters) - Glencore PLC ::GLENCORE PLC - BOARD APPOINTMENT.GLENCORE - APPOINTMENT OF KALIDAS MADHAVPEDDI AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF COMPANY WITH IMMEDIATE EFFECT.  Full Article

Glencore's Qtrly Copper Output Down 9% To 355.4 Kt
Tuesday, 4 Feb 2020 

Feb 4 (Reuters) - Glencore Plc ::FULL YEAR 2019 PRODUCTION REPORT.FY OWN SOURCED COPPER PRODUCTION OF 1,371,200 TONNES WAS 82,500 TONNES 6% LOWER THAN IN 2018.FULL YEAR 2020 PRODUCTION GUIDANCE, CONSISTENT WITH THAT PRESENTED IN INVESTOR UPDATE ON 3 DECEMBER 2019.FY OWN SOURCED COBALT PRODUCTION OF 46,300 TONNES WAS 4,100 TONNES 10% HIGHER THAN COMPARABLE PRIOR PERIOD.CERREJON'S 2019 COAL PRODUCTION WAS CONSTRAINED BY DUST EMISSIONS CONTROL REQUIREMENTS.FY OWN SOURCED ZINC PRODUCTION OF 1,077,500 TONNES WAS IN LINE WITH 2018.FY OWN SOURCED NICKEL PRODUCTION OF 120,600 TONNES WAS 3,200 TONNES 3% LOWER THAN IN 2018.FY ATTRIBUTABLE FERROCHROME PRODUCTION OF 1,438,000 TONNES WAS 142,000 TONNES 9% LOWER THAN IN 2018.FY COAL PRODUCTION OF 139.5 MILLION TONNES WAS 10.1 MILLION TONNES 8% HIGHER THAN IN 2018.QTRLY COPPER OUTPUT DOWN 9% TO 355.4 KT.QTRLY COBALT OUTPUT DOWN 13% TO 11.9 KT.  Full Article

Merafe Resources Says QTRLY Attributable Ferrochrome Production 105 Kt Versus 112 Kt From Glencore Merafe Chrome Venture
Monday, 3 Feb 2020 

Feb 3 (Reuters) - Merafe Resources Ltd ::PRODUCTION REPORT FOR THE FOURTH QUARTER ENDED 31 DECEMBER 2019.QTRLY ATTRIBUTABLE FERROCHROME PRODUCTION 105 KT VERSUS 112 KT FROM GLENCORE MERAFE CHROME VENTURE.DECREASE IN Q4 FERROCHROME PRODUCTION FROM GLENCORE MERAFE CHROME VENTURE DUE TO INCREASED ELECTRICITY CURTAILMENTS FROM ESKOM.DECREASE IN Q4 FERROCHROME PRODUCTION FROM GLENCORE MERAFE CHROME VENTURE ALSO DUE TO COMMUNITY UNRESTS, PRODUCTION CUTBACKS.  Full Article

Glencore To Acquire LNG Business Of Orsted A/S
Wednesday, 18 Dec 2019 

Dec 18 (Reuters) - Glencore PLC ::GLENCORE - GLENCORE TO ACQUIRE LNG BUSINESS OF ORSTED A/S.GLENCORE - AGREEMENT WILL INVOLVE GLENCORE NOVATING A NUMBER OF CONTRACTS.GLENCORE - AGREEMENT WILL INVOLVE THE RIGHT TO USE 3BCM OF ANNUAL REGASIFICATION CAPACITY AT THE GATE TERMINAL IN ROTTERDAM UNTIL 2031.GLENCORE - TRANSACTION INVOLVES A PAYMENT FROM ORSTED TO GLENCORE AND IS SUBJECT TO A NUMBER OF CONDITIONS.GLENCORE - THE TRANSACTION IS EXPECTED TO CLOSE IN THE SUMMER OF 2020.  Full Article

Ørsted Enters Into An Agreement To Divest Its LNG Business
Wednesday, 18 Dec 2019 

Dec 18 (Reuters) - Orsted A/S ::ØRSTED ENTERS INTO AN AGREEMENT TO DIVEST ITS LNG BUSINESS.SIGNED AGREEMENT TO DIVEST ITS LIQUEFIED NATURAL GAS BUSINESS TO LEADING GLOBAL NATURAL RESOURCES COMPANY GLENCORE.TRANSACTION ENTAILS PAYMENT FROM CO TO GLENCORE AND WILL RESULT IN LOSS THAT EXCEEDS CURRENT PROVISION RELATED TO LNG ACTIVITIES.TRANSACTION WILL HAVE A POSITIVE IMPACT ON CO'S EBITDA FROM 2020 ONWARDS.EBITDA GUIDANCE FOR 2019 REMAINS UNCHANGED.  Full Article

Blackrock Discloses Stake Of Below 5% In Glencore As Of Dec. 9 - Filing
Wednesday, 11 Dec 2019 

Dec 11 (Reuters) - Glencore PLC ::BLACKROCK DISCLOSES STAKE OF BELOW 5% IN GLENCORE AS OF DEC. 9 VERSUS PRIOR STAKE OF 5.01% - FILING.  Full Article

UK's SFO Confirms Investigation Into Glencore Group
Thursday, 5 Dec 2019 

Dec 5 (Reuters) - UK'S Serious Fraud Office (SFO)::UK'S SFO - CONFIRMS INVESTIGATION INTO SUSPECTED BRIBERY AT GLENCORE GROUP OF COMPANIES.UK'S SFO- INVESTIGATING SUSPICIONS OF BRIBERY IN CONDUCT OF BUSINESS BY GLENCORE GROUP OF COS, ITS OFFICIALS, EMPLOYEES, AGENTS, ASSOCIATED PERSONS.  Full Article

PetroChina buys one out of three LNG cargoes traded on Platts' pricing process

SINGAPORE, Feb 26 PetroChina on Wednesday bought a spot liquefied natural gas (LNG) cargo for delivery in April from commodity trader Vitol through the S&P Global Platts' pricing process also known as market-on-close (MOC).