There’s talk that Glencore’s turnaround plan has gone so well that it could be months away from paying dividends again.
Glencore jumped to a 15-month high in London as coal prices rose.
Glencore says its copper production declined 3% and its coal output dropped 12% in the second quarter.
Jean-Sebastien Jacques takes the reins at Rio Tinto at a tough time for the mining industry - but he has a plan for survival.
Rio Tinto boss pledges to keep the company’s head office in London despite Britain’s decision to leave the EU.
Glencore’s $2. 5bn agriculture deal is another milestone to solving CEO Ivan Glasenberg’s biggest problem last year - reducing a mountain of debt.
Miner and commodity trader Glencore reports 69% slump in profit as prices for metals and oil tumble.
Glencore, which wants to reduce its $30 billion debt load, signed new loan commitments to replace an existing $8. 45 billion revolving credit facility.
The value of private-equity deals in the mining industry will rise this year from $3. 2 billion in 2015.
The world’s biggest mining companies face a combined $10 billion risk to earnings if carbon pricing tightens after global climate talks in Paris.
Glencore hovers near seven-week low as slump in commodities deepens.
For a while it looked like Glencore had turned the tide.
Glencore shares rally the most in almost two weks after it says profit from trading commodities rebounded.
Glencore’s $2. 5bn stock sale breached “shareholder protection principles”, according to two UK organisations.
Persistent negative talk about the mining industry will only fuel more anxiety, says Rio Tinto CEO Sam Walsh.
Glencore reported a 9-percent decline in copper production after ore grades fell and a Chilean mine shut for maintenance.
Glencore reported profit that beat estimates as a strong performance from its marketing division helped it weather a rout in resource prices.
Glencore is planning to distribute its 23. 9-percent holding in platinum producer Lonmin to its own shareholders.
Glencore Xstrata remained in talks with a Chinese bidder for an asset that’s been valued at more than $5 billion (R54bn), chief executive Ivan Glasenberg said.
Glencore Xstrata’s quarterly copper output surged by 34 percent as African mines added to volumes, the company said yesterday.
Glencore Xstrata chief executive Ivan Glasenberg said yesterday that mining industry peers were responding to his call to restrain spending and shelve expansions ...
