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Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

180.60GBp
18 Sep 2020
Change (% chg)

-4.40 (-2.38%)
Prev Close
185.00
Open
186.12
Day's High
187.00
Day's Low
180.60
Volume
58,338,922
Avg. Vol
31,637,739
52-wk High
264.12
52-wk Low
109.76

Latest Key Developments (Source: Significant Developments)

Trevali Enters Into Amended And Restated Credit Agreement With Existing Lenders And Secures Facility With Glencore
Friday, 7 Aug 2020 

Aug 6 (Reuters) - Trevali Mining Corp ::TREVALI ENTERS INTO AMENDED AND RESTATED CREDIT AGREEMENT WITH EXISTING LENDERS AND SECURES FACILITY WITH GLENCORE.TREVALI MINING CORP - ENTERED INTO AN UP TO US$20 MILLION SECOND LIEN SECURED FACILITY AGREEMENT WITH GLENCORE CANADA.TREVALI MINING - ENTERED 2ND AMENDED & RESTATED CREDIT AGREEMENT WITH SYNDICATE OF LENDERS FOR UPTO US$150 MILLION FIRST LIEN SECURED REVOLVING CREDIT FACILITY.TREVALI MINING - MINIMUM LIQUIDITY REQUIREMENT UNDER AMENDED REVOLVING FACILITY HAS BEEN ELIMINATED MAKING AVAILABLE UP TO AN ADDITIONAL US$15 MILLION.TREVALI MINING CORP - AVAILABILITY UNDER AMENDED REVOLVING CREDIT FACILITY HAS BEEN INCREASED TO $135 MILLION.  Full Article

Century Aluminum Q2 Loss Per Share $0.30
Thursday, 6 Aug 2020 

Century Aluminum Co ::MPANY REPORTS SECOND QUARTER 2020 RESULTS.Q2 ADJUSTED LOSS PER SHARE $0.19.Q2 LOSS PER SHARE $0.30.Q2 SALES $401.9 MILLION.  Full Article

Glencore Raises 2020 EBIT Expectations To Top End Of Forecast Range
Friday, 31 Jul 2020 

July 31 (Reuters) - Glencore PLC ::GLENCORE - RAISE OUR FULL YEAR 2020 EBIT EXPECTATIONS TO TOP END OF OUR $2.2-$3.2 BILLION GUIDANCE RANGE.GLENCORE - RAISE OUR FULL YEAR 2020 EBIT EXPECTATIONS TO TOP END OF OUR $2.2-$3.2 BILLION GUIDANCE RANGE..GLENCORE - HY OWN SOURCED COPPER PRODUCTION OF 588,100 TONNES WAS 74,900 TONNES (11%) LOWER THAN H1 2019.GLENCORE - EXPECT OUR OPERATING CASH FLOW TO REMAIN SOLID.GLENCORE - HY OWN SOURCED ZINC PRODUCTION OF 550,100 TONNES WAS IN LINE WITH H1 2019.GLENCORE - OUTLOOK FOR PRODECO'S BUSINESS REMAINS CHALLENGING DUE TO ONGOING WEAKNESS IN ATLANTIC COAL MARKET.GLENCORE - HY OWN SOURCED NICKEL PRODUCTION OF 55,200 TONNES WAS IN LINE WITH H1 2019.GLENCORE - PRODECO IS IN PROCESS OF OPTIMISING ITS MINE PLANS TO ACCOUNT FOR CURRENT MARKET ENVIRONMENT.GLENCORE - HY COAL PRODUCTION OF 58.1 MILLION TONNES WAS 10.1 MILLION TONNES (15%) LOWER THAN H1 2019.GLENCORE - FERROALLOYS BUSINESS HAS FOR EXPERIENCED A STRUCTURALLY WORSENING COMPETITIVE ENVIRONMENT ACROSS SOUTH AFRICAN FERROCHROME INDUSTRY.GLENCORE - SEES FY COPPER PRODUCTION 1,255 ± 35 KT.GLENCORE - SEES FY NICKEL PRODUCTION 114 ± 4 KT.  Full Article

Glencore Says Investigation Opened By The OAG Of Switzerland
Friday, 19 Jun 2020 

June 19 (Reuters) - Glencore PLC ::GLENCORE PLC - INVESTIGATION BY THE OAG OF SWITZERLAND.GLENCORE - OFFICE OF ATTORNEY GENERAL OF SWITZERLAND OPENED A CRIMINAL INVESTIGATION INTO GLENCORE INTERNATIONAL AG.GLENCORE - INVESTIGATION FOR FAILURE TO HAVE ORGANIZATIONAL MEASURES IN PLACE TO PREVENT ALLEGED CORRUPTION IN DEMOCRATIC REPUBLIC OF CONGO.GLENCORE - WILL COOPERATE WITH INVESTIGATION BY OAG.  Full Article

Merafe Resources Says Consultation With Employee Representatives, Recognised Trade Unions Underway
Friday, 19 Jun 2020 

June 19 (Reuters) - Merafe Resources Ltd ::CONSULTATION WITH EMPLOYEE REPRESENTATIVES AND RECOGNISED TRADE UNIONS REGARDING PROCESS IS UNDERWAY.CONSULTATION WITH EMPLOYEE REPRESENTATIVES AND RECOGNISED TRADE UNIONS REGARDING PROCESS IS UNDERWAY.PROCESS DUE TO WORSENING OPERATING ENVIRONMENT IN SOUTH AFRICAN FERROCHROME INDUSTRY, INCLUDING UNSUSTAINABLE ELECTRICITY PRICING.PROCESS WILL ALSO IMPACT EASTERN AND WESTERN CHROME MINES.OPERATIONS IMPACTED BY PROCESS ARE, LYDENBURG SMELTER, WONDERKOP SMELTER, BOSHOEK SMELTER AND LION SMELTER.GLENCORE OPERATIONS SOUTH AFRICA, MERAFE COMMENCED CONSULTATION PROCESS IN TERMS OF SECTIONS 189 AND 189A OF LRA.  Full Article

Merafe Resources Unit Concludes Sale Agreement With Glencore
Friday, 29 May 2020 

May 29 (Reuters) - Merafe Resources Ltd ::MERAFE RESOURCES LTD - SUBSIDIARY CONCLUDED A SALE AGREEMENT WITH GLENCORE.MERAFE - GLENCORE AGREED TO SELL 20.5% OF ITS 100% INTEREST IN UNICORN CHROME PROPRIETARY TO CO'S UNIT FOR ABOUT R32.2 MILLION.  Full Article

Glencore Defers Distribution Decision To Q3 2020
Thursday, 28 May 2020 

May 28 (Reuters) - Glencore PLC ::GLENCORE - SEES 2020 COPPER PRODUCTION 1,255 ± 45 KT.GLENCORE - SEES 2020 COAL PRODUCTION 132 ± 3 MT.GLENCORE - SEES 2020 COBALT PRODUCTION 28 ± 2 KT.GLENCORE - DEFERRAL OF DISTRIBUTION DECISION TO Q3 2020.GLENCORE - SEES 2020 ZINC PRODUCTION 1,160 ± 30 KT.GLENCORE - SEES 2020 NICKEL PRODUCTION 122 ± 5 KT.GLENCORE - PLANNED $1 TO $1.5BN REDUCTION (FROM $5.5BN) FROM ASSET CURTAILMENTS AND ASSOCIATED CAPEX SAVINGS.GLENCORE - SEES 2020 FERROCHROME PRODUCTION 1,000 ± 25 KT.GLENCORE - REFINANCING AND EXTENSION OF REVOLVING CREDIT FACILITIES ON THE SAME COMMERCIAL TERMS AS LAST YEAR.GLENCORE - 2020 OIL GUIDANCE UNDER REVIEW.GLENCORE - FULL IMPACT OF DEMAND SHOCK BEEN TEMPERED BY COVID-19 RELATED SUPPLY DISRUPTIONS/REDUCTIONS TO DATE.GLENCORE-LOW ABOVE GROUND INVENTORIES AT START OF YEAR SHOULD HELP LIMIT EXTENT OF POTENTIAL INVENTORY BUILD LIKELY TO BE SEEN IN COPPER, ZINC, NICKEL.GLENCORE - MAJORITY OF CO'S INDUSTRIAL ASSETS CONTINUE TO OPERATE RELATIVELY NORMALLY.GLENCORE - NUMBER OF OPERATIONS HAVE BEEN TEMPORARILY SUSPENDED, WHERE NATIONAL/REGIONAL LOCKDOWNS OR OTHER CIRCUMSTANCES HAVE REQUIRED.  Full Article

South Africa's NUMSA Issues Statement On Glencore Lion Smelter Workers
Friday, 24 Apr 2020 

April 24 (Reuters) - National Union of Metalworkers of South Africa (NUMSA)::SOUTH AFRICA'S NUMSA - LEARNED THAT WORKERS AT GLENCORE LION SMELTER IN STEELPOORT HAVE BEEN ARRESTED.SOUTH AFRICA'S NUMSA - MEMBERS HAVE SUBSEQUENTLY BEEN RELEASED.SOUTH AFRICA'S NUMSA - HAVE RAISED ISSUES DIRECTLY WITH GLENCORE LION SMELTER MANAGEMENT AND THEY HAVE YET TO RESPOND.  Full Article

Glencore Says Antamina JV In Peru Halts Operations For About Two Weeks
Tuesday, 14 Apr 2020 

April 14 (Reuters) - Glencore PLC ::GLENCORE PLC - UPDATE ON COVID-19.GLENCORE - WHILE MAJORITY OF OPERATIONS HAVE NOT BEEN MATERIALLY IMPACTED, PROVIDES AN UPDATE ON IMPACTS THAT HAVE OCCURRED AT CERTAIN OF ASSETS.GLENCORE - RAGLAN (NICKEL) AND MATAGAMI (ZINC) OPERATIONS IN QUEBEC ARE ANALYSING OPTIONS TO RESTART OPERATIONS BEFORE 4 MAY.GLENCORE - PRODECO'S MINING OPERATIONS REMAIN ON CARE AND MAINTENANCE, WHILE PORT CONTINUES TO OPERATE.GLENCORE - PRODECO'S MINING OPERATIONS REMAIN ON CARE AND MAINTENANCE, WHILE PORT CONTINUES TO OPERATE..GLENCORE - AT JV OPERATION, ANTAMINA DECISION HAS BEEN TAKEN TO DE-MOBILISE WORKFORCE AND HALT OPERATIONS FOR A LIKELY PERIOD OF APPROXIMATELY 2 WEEKS.GLENCORE - IN SOUTH AFRICA, FERROALLOYS AND TWO OF OUR COAL (MIDDLEBURG AND GRASPAN) OPERATIONS CURRENTLY REMAIN ON CARE AND MAINTENANCE..GLENCORE - GLENCORE IS CURRENTLY IN DISCUSSIONS WITH TRANSITION OF MINING OPERATIONS TO CARE AND MAINTENANCE WITH GOVERNMENT OF ZAMBIA..  Full Article

United Company Rusal Updates On Sales Contract
Friday, 3 Apr 2020 

April 3 (Reuters) - United Company RUSAL 0486.HK::ON 13 DEC 2019, APPROVED RUSAL MARKETING GMBH ENTER SALES CONTRACT ON SALE OF PRIMARY ALUMINIUM TO GLENCORE INTERNATIONAL AG.  Full Article

FACTBOX-Latest on the worldwide spread of coronavirus

Sept 18 European countries from Denmark to Greece announced new restrictions on Friday to curb surging coronavirus infections in some of their largest cities, while Britain was reported to be considering a new national lockdown.