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United Kingdom

Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

387.15GBp
22 Jun 2018
Change (% chg)

15.55 (+4.18%)
Prev Close
371.60
Open
373.80
Day's High
388.00
Day's Low
373.80
Volume
43,083,400
Avg. Vol
46,685,393
52-wk High
416.91
52-wk Low
275.40

Latest Key Developments (Source: Significant Developments)

Glencore To Face U.K. Bribery Probe Over Congo Dealings - Bloomberg
Friday, 18 May 2018 

May 18 (Reuters) - :GLENCORE TO FACE U.K. BRIBERY PROBE OVER CONGO DEALINGS - BLOOMBERG.  Full Article

Glencore Says Sky Deputy Chair Martin Gilbert Granted Leave Of Absence As Director Until Mid-Oct.
Wednesday, 16 May 2018 

May 16 (Reuters) - Glencore PLC ::BOARD UPDATE.GRANTED TO MARTIN GILBERT A LEAVE OF ABSENCE AS DIRECTOR UNTIL MID-OCTOBER 2018.DURING THIS PERIOD PATRICE MERRIN, INDEPENDENT NON- EXECUTIVE DIRECTOR, WILL REPLACE HIM ON COMPANY'S AUDIT AND REMUNERATION COMMITTEES..  Full Article

Glencore Expects to Conclude Recapitalisation Of Kamoto Copper Co Successfully
Wednesday, 2 May 2018 

May 2 (Reuters) - Glencore PLC ::PRINCIPAL MINERS HIT BY DEMOCRATIC CONGO MINING CODE WORKING TOGETHER, OPTIMISTIC OF MUTUALLY ACCEPTABLE SOLUTION, DIALOGUE CONTINUES - CHAIRMAN.EXPECTS TO CONCLUDE RECAPITALISATION OF DRC OPERATING UNIT KAMOTO COPPER CO SUCCESSFULLY - CHAIRMAN.  Full Article

Rpt-CFTC Orders Glencore Agriculture B.V. And Glencore Ltd. To Pay A $2 Million Penalty For Exceeding Cotton Futures Position Limits, Transacting Illegal Efps, And Submitting Inaccurate Form 304
Monday, 30 Apr 2018 

Glencore PLC ::CFTC ORDERS GLENCORE AGRICULTURE B.V. AND GLENCORE LTD. TO PAY A $2 MILLION PENALTY FOR EXCEEDING COTTON FUTURES POSITION LIMITS, TRANSACTING ILLEGAL EFPS, AND SUBMITTING INACCURATE FORM 304S.  Full Article

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

Zambia power firm CEC proposes electricity tariff migration plan

LUSAKA, June 22 Zambia's planned migration to cost-reflective electricity tariffs should be done on a case by case basis because production costs vary, the nation's largest supplier of power to mines said on Friday.