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United Kingdom

Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

378.00GBp
19 Apr 2018
Change (% chg)

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45,725,126
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270.00

Latest Key Developments (Source: Significant Developments)

Glencore Announces ‍Refinancing Of Short-Term Revolving Credit Facilities​
Thursday, 29 Mar 2018 

March 29 (Reuters) - Glencore Plc ::‍REFINANCING SHORT-TERM REVOLVING CREDIT FACILITIES​.‍FACILITIES WERE INITIALLY LAUNCHED AT USD 6 BILLION AND CLOSED SUBSTANTIALLY OVERSUBSCRIBED, RAISING USD 9.7 BILLION,​.‍HAS INCREASED SIZE OF FACILITIES TO USD 9.085 BILLION. A TOTAL OF 58 BANKS COMMITTED TO FACILITIES​.‍FACILITIES REFINANCE GLENCORE'S EXISTING USD 7.335 BILLION SHORT TERM REVOLVING CREDIT FACILITIES SIGNED IN MAY 2017​.BNP PARIBAS, HSBC BANK, BANK OF TOKYO-MITSUBISHI AND SANTANDER UK PLC WERE ACTIVE BOOKRUNNERS​.  Full Article

Polymet Restructures Glencore Debt
Monday, 26 Mar 2018 

March 26 (Reuters) - Polymet Mining Corp ::POLYMET RESTRUCTURES GLENCORE DEBT.POLYMET MINING CORP - SECURES COMMITMENT FOR ADDITIONAL $80 MILLION IN DEBENTURES.POLYMET MINING - TERMS OF REFINANCING AGREEMENT EXTENDS TERM OF $152 MILLION OF SECURED CONVERTIBLE, NON-CONVERTIBLE DEBENTURES TO MARCH 31, 2019.POLYMET MINING - CO'S UNIT NEGOTIATED 12-MONTH PAYMENT EXTENSION & REDUCTION IN INTEREST RATES ON ABOUT $152 MILLION OF DEBT OWED TO GLENCORE AG.  Full Article

Glencore Completes Sale Of 51 Pct Of Oil Products Storage Business
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Glencore Plc ::GLENCORE - ‍COMPLETED SALE OF A 51 PCT INTEREST IN HG STORAGE INTERNATIONAL TO HNA INNOVATION FINANCE GROUP CO.GLENCORE - ‍CO AND HNA ENTERED INTO SECOND AGREEMENT PURSUANT TO WHICH 3 OF ORIGINAL TRANSACTION ASSETS LOCATED IN USA WILL BE TRANSFERRED INTO HGSI IN 2018.GLENCORE - ‍OF ORIGINAL PURCHASE PRICE OF $775M, $579M IS ATTRIBUTABLE TO DEC. 29 CLOSING, WITH BALANCE PAYABLE UPON CLOSING OF SECOND AGREEMENT​.  Full Article

Glencore To Restart Lady Loretta Mine In H1 2018, But Zinc Output To Hold Steady
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Glencore Plc ::PLANS TO PROGRESSIVELY RAMP UP LADY LORETTA MINE, ANTICIPATE RESTART IN H1 2018 - INVESTOR CALL.ZINC OUTPUT EXPECTED TO FALL SLIGHTLY IN 2018 TO AROUND 1.09 MILLION TONNES VERSUS 1.1 MILLION TONNES THIS YEAR nL8N1OC3HX.  Full Article

Glencore Plc Sees 2018 Forward Marketing EBIT Of $2.2-3.2 Billion
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Glencore Plc ::SEES FY 2018 COPPER GROUP PRODUCTION 1465± 30 KT.SEES FY 2018 ZINC PRODUCTION 1,090 ± 30 KT.SEES FY 2018 COAL PRODUCTION 139 ± 5 MT.SEES FY 2018 LEAD PRODUCTION 300 ± 10 KT.SEES FY 2018 FERROCHROME PRODUCTION 1,600 ± 30 KT.SEES FY 2018 COBALT GROUP PRODUCTION 39 ± 3 KT.SEES FY 2018 NICKEL PRODUCTION ‍​132 ± 5 KT.2018 FORWARD MARKETING EBIT GUIDANCE OF $2.2-3.2 BILLION.2018-2020 INDUSTRIAL CAPEX AVERAGE GUIDANCE OF ABOUT $4.5BN PER ANNUM.SEES 2018 ILLUSTRATIVE FCF OF ABOUT $7.4 BILLION.  Full Article

Glencore Sees 2017 Marketing EBIT Guidance Of About $2.8 Bln
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Glencore Plc ::2017 MARKETING EBIT GUIDANCE OF C.$2.8BLN.‍2018 ILLUSTRATIVE EBITDA OF C.$16.2BN AT SPOT/FORWARD PRICES​.‍OPTIMAL NET DEBT RANGE OF $10-16BN, NET DEBT /EBITDA < 2.0X THROUGH CYCLE​.2018 DISTRIBUTION POLICY, IN RESPECT OF 2017 CASH FLOWS, COMPRISES FIXED $1BN BASE DISTRIBUTION FROM MARKETING PLUS A MINIMUM PAYOUT OF 25% OF INDUSTRIAL FCF.‍"TIER 1" COMMODITIES, COPPER, COBALT, NICKEL, ZINC & THERMAL COAL, OUTLOOKS "UNDERPINNED BY PERSISTENT SUPPLY CHALLENGES, ROBUST DEMAND​".  Full Article

American Zinc Recycling Announces Strategic Investment by Glencore
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Glencore Plc ::AMERICAN ZINC RECYCLING LLC - SUBSIDIARY OF GLENCORE PLC HAS PURCHASED A 10% STAKE IN UNIT, AMERICAN ZINC RECYCLING CORP.  Full Article

Glencore appoints Gill Marcus as independent non-executive director​
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - GLENCORE PLC ::SAYS APPOINTMENT OF GILL MARCUS AS INDEPENDENT NON-EXECUTIVE DIRECTOR OF COMPANY WITH EFFECT FROM 1 JANUARY 2018​.  Full Article

Ontario Teachers' Pension Plan And Glencore Canada Announce Formation Of BaseCore Metals LP
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Glencore Plc ::ONTARIO TEACHERS' PENSION PLAN, GLENCORE CANADA ANNOUNCE FORMATION OF BASECORE METALS LP, A 50:50 JV LIMITED PARTNERSHIP.ONTARIO TEACHERS' PENSION PLAN - VALUE OF INITIAL ROYALTY PORTFOLIO CONTRIBUTED TO BASECORE METALS IS ABOUT $300 MILLION.ONTARIO TEACHERS' PENSION PLAN - GLENCORE AND ONTARIO TEACHERS' WILL EACH HAVE RIGHT TO NOMINATE DIRECTORS TO BASECORE BOARD.  Full Article

Altona Mining ‍Executes Offtake Agreement With Glencore
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Altona Mining Ltd ::‍EXECUTES OFFTAKE AGREEMENT WITH GLENCORE FOR SALE OF COPPER-GOLD CONCENTRATES PRODUCED FROM CLONCURRY COPPER PROJECT.  Full Article

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