Glencore PLC (GLEN.L)
5 Jun 2020
Thu, May 28 2020
* GLENCORE - PLANNED $1 TO $1.5BN REDUCTION (FROM $5.5BN) FROM ASSET CURTAILMENTS AND ASSOCIATED CAPEX SAVINGS
* COVID-19 cuts industrial activity, thermal coal demand (Recasts with confirmation from source, adds bullets)
TOKYO, May 18 Global miner Glencore Plc and Japan's Tohoku Electric Power agreed on a price of $68.75 per tonne for supplies of thermal coal from Australia for the year through March 2021, the Nikkei business daily reported on Saturday.
LUSAKA Glencore's Zambian subsidiary Mopani Copper Mines (MCM) will resume mining for 90 days, but still expects to go ahead with its initial plan to place operations on hold, the local firm said on Sunday.
LUSAKA, May 3 Glencore's Zambian subsidiary Mopani Copper Mines (MCM) will resume mining operations for 90 days but still expects to go ahead with its initial plan to place its mining operations on care and maintenance, the local firm said on Sunday.
LONDON Glencore cut its 2020 capital expenditure and output targets on Thursday to reflect the impact of the coronavirus on its operations, saying the belt-tightening left it well placed to weather the pandemic.
* Company ramps up operations in Canada, South Africa (Adds zinc production cuts, context)
LONDON, April 30 Glencore on Thursday cut its capital expenditure and production targets for most of its metals in 2020 as the coronavirus worsened the economic outlook and hit its business.
LIMA, April 27 Peruvian copper mine Antamina, owned by global miners BHP and Glencore, on Monday reported 210 positive cases of coronavirus.
* Copper production up, cobalt production down in Q1 from Q4 (Adds details, guidance on COVID-19 impact, cash position)