Edition:
United Kingdom

Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

311.35GBp
22 Mar 2019
Change (% chg)

-7.50 (-2.35%)
Prev Close
318.85
Open
320.80
Day's High
321.70
Day's Low
310.85
Volume
27,942,866
Avg. Vol
37,526,319
52-wk High
409.80
52-wk Low
268.35

Latest Key Developments (Source: Significant Developments)

SA's Competition Tribunal Approves Glencore, Chevron Merger, With Conditions
Friday, 15 Mar 2019 

March 15 (Reuters) - SA's Competition Tribunal::APPROVES GLENCORE AND CHEVRON MERGER, WITH CONDITIONS.APPROVED GLENCORE S. AFRICA, CHEVRON S. AFRICA MERGER SUBJECT TO EMPLOYMENT, PRODUCTION, INVESTMENT, PUBLIC INTEREST CONDITIONS.  Full Article

Glencore Plans To Cut About 2,000 Employees At Mutanda In Congo - WSJ
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Glencore PLC ::GLENCORE TO CUT PRODUCTION AT MAJOR COPPER, COBALT MINE- WSJ.GLENCORE PLANS TO CUT ABOUT 2,000 EMPLOYEES AT MUTANDA IN CONGO - WSJ, CITING SOURCES.  Full Article

Glencore Says 2018 Copper Production Rose 11 Pct
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Glencore PLC ::FULL YEAR 2018 PRODUCTION REPORT.FY OWN SOURCED COPPER PRODUCTION OF 1,453,700 TONNES WAS 144,000 TONNES (11%) HIGHER THAN IN 2017.FY COBALT PRODUCTION OF 42,200 TONNES WAS 14,800 TONNES (54%).FY OWN SOURCED ZINC PRODUCTION OF 1,068,100 TONNES WAS IN LINE WITH 2017.FY ATTRIBUTABLE COAL PRODUCTION OF 129.4 MILLION TONNES WAS 8.8 MILLION TONNES (7%) HIGHER THAN IN 2017.FY OWN SOURCED NICKEL PRODUCTION OF 123,800 TONNES WAS 14,600 TONNES (13%) HIGHER THAN IN 2017.FY OIL ENTITLEMENT INTEREST PRODUCTION OF 4.6 MILLION BARRELS WAS 0.4 MILLION BARRELS (8%) BELOW THAT RECORDED IN 2017.SEES 2019 COPPER PRODUCTION 1,540 KT ± 45 KT.SEES 2019 COBALT PRODUCTION 57 KT ± 5 KT.SEES 2019 ZINC PRODUCTION 1,195 KT ± 30 KT.SEES 2019 LEAD PRODUCTION 345 KT ± 10 KT.SEES 2019 NICKEL PRODUCTION 138 KT ± 5 KT.SEES 2019 FERROCHROME PRODUCTION 1,690 KT ± 30 KT.SEES 2019 COAL PRODUCTION 145 MT ± 3 MT.SEES 2019 OIL PRODUCTION 6.2 MBBL ± 0.2 MBBL.  Full Article

Rusal Says En+ Enters Into Securities Exchange Agreements With Glencore Units
Monday, 28 Jan 2019 

Jan 28 (Reuters) - United Company Rusal Plc <0486.HK>::EN+ ANNOUNCED IT ENTERED INTO A SECURITIES EXCHANGE AGREEMENT AND CERTAIN OTHER RELATED AGREEMENTS WITH CERTAIN SUBSIDIARIES OF GLENCORE PLC.PURSUANT TO DEAL GLENCORE TO TRANSFER 8.75% OF CO'S SHARES TO EN+ IN CONSIDERATION FOR EN+ ISSUING NEW GDRS TO GLENCORE.GLENCORE HAS AGREED TO TRANSFER ITS SHARES IN COMPANY TO EN+ IN TWO STAGES.  Full Article

Victoria Oil & Gas Gets Presidential Decree On Matanda Production Licence
Wednesday, 2 Jan 2019 

Jan 2 (Reuters) - Victoria Oil & Gas PLC ::PRESIDENTIAL DECREE ON MATANDA RECEIVED.UNIT GOT DECREE AUTHORISING TRANSFER OF INTEREST IN MATANDA PRODUCTION SHARING AGREEMENT LICENCE ASSIGNED FROM GLENCORE.  Full Article

Katanga settles Congo investigation with Canadian regulator
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Katanga Mining Ltd ::KATANGA MINING ANNOUNCES APPROVAL OF AGREEMENT TO SETTLE ONTARIO SECURITIES COMMISSION MATTERS.KATANGA WILL MAKE A VOLUNTARY PAYMENT IN AMOUNT OF C$28.5 MILLION.CEO JOHNNY BLIZZARD WILL RESIGN AS A DIRECTOR AND OFFICER OF COMPANY.WILL MAKE REIMBURSE COMMISSION COSTS IN AMOUNT OF C$1.5 MILLION.BLIZZARD'S RESIGNATION IS SUBJECT TO A SHORT TRANSITION PERIOD UNTIL HIS REPLACEMENT IS APPOINTED.WILL SUBMIT TO REVIEW BY AN INDEPENDENT CONSULTANT OF METAL ACCOUNTING WITH RESPECT TO REPORTING OF PRODUCTION, FINANCIAL ACCOUNTING.FOLLOWING INTERNAL REVIEW, COMPOSITION OF BOARD OF DIRECTORS WAS CHANGED TO INCLUDE THREE NEW DIRECTORS.IN SETTLEMENT, AGREES CO MISSTATED ITS FINANCIAL POSITION AND RESULTS OF ITS OPERATIONS.INTENDS TO ENTER INTO A MANAGEMENT AGREEMENT IN EARLY 2019 WITH ITS MAJORITY SHAREHOLDER, GLENCORE INTERNATIONAL AG.IN SETTLEMENT, AGREES IT FAILED TO DISCLOSE MATERIAL WEAKNESSES IN ITS INTERNAL CONTROLS."KATANGA BELIEVES THAT MANAGEMENT AGREEMENT WILL ALLOW OPERATIONS TO BE MANAGED MORE EFFECTIVELY".FAILED TO ADEQUATELY DESCRIBE HEIGHTENED RISKS ASSOCIATED WITH RELIANCE ON INDIVIDUALS, ENTITIES ASSOCIATED WITH DAN GERTLER.IN SETTLEMENT, AGREES IT FAILED TO MAINTAIN ADEQUATE DISCLOSURE CONTROLS, PROCEDURES, INTERNAL CONTROLS OVER FINANCIAL REPORTING.  Full Article

Glencore Revises 2018 Marketing Adj EBIT Guidance To $2.7 Bln ± $100 Mln
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Glencore Plc ::TRADE/CHINA/MACRO FEARS HAVE IMPACTED FINANCIAL SENTIMENT.SECTOR REINVESTMENT REMAINS LIMITED, DEMAND IS SOLID, INVENTORIES ARE LOW AND LIKELY TO FALL FURTHER.2019 EQUITY CASH FLOWS, POST BASE DISTRIBUTION, CURRENTLY PRIORITIZED FOR BUYBACKS/DELEVERAGING.IN 2019 CONTINUED INVENTORY DRAW DOWNS ARE LIKELY.FOR KATANGA, 2019 COBALT PRODUCTION GUIDANCE CUT BY 8KT TO 26KT TO REFLECT COBALT PLANT RAMP UP, ASSOCIATED EXPECTED SHORTERTERM RECOVERIES.SEES GROUP COPPER PRODUCTION TO RISE 5 PERCENT BETWEEN 2018-2021.SEES GROUP COBALT PRODUCTION TO RISE 74 PERCENT BETWEEN 2018-2021.GLENCORE PLC SEES GROUP ZINC PRODUCTION TO RISE 28 PERCENT BETWEEN 2018-2021.GLENCORE PLC - 2018 MARKETING ADJUSTED EBIT GUIDANCE REVISED TO $2.7BN ± $100M.GLENCORE PLC SEES GROUP LEAD PRODUCTION TO RISE 30 PERCENT BETWEEN 2018-2021.GLENCORE PLC SEES GROUP COAL PRODUCTION TO RISE 10 PERCENT BETWEEN 2018-2021.GLENCORE PLC SEES 2019-2021 INDUSTRIAL TOTAL CAPEX AVERAGE OF C.$4.8 BILLION PER ANNUM.NOW SEES 2018 COPPER PRODUCTION 1465 KT ± 15 KT.NOW SEES 2018 COBALT PRODUCTION 39 KT ± 2 KT.NOW SEES 2018 ZINC PRODUCTION 1090 KT ± 15 KT.NOW SEES 2018 LEAD PRODUCTION 285 KT ± 5 KT.NOW SEES 2018 NICKEL PRODUCTION 126 KT ± 2 KT.NOW SEES 2018 FERROCHROME PRODUCTION 1600 KT ± 15 KT.NOW SEES 2018 COAL PRODUCTION 132 MT ± 2 MT.SEES 2019 GROUP COPPER PRODUCTION 1540 KT ± 45 KT.SEES 2019 COBALT PRODUCTION 57 KT ± 5 KT.SEES 2019 ZINC PRODUCTION 1195 KT ± 30 KT.SEES 2019 LEAD PRODUCTION 345 KT ± 10 KT.  Full Article

Glencore PLC Sees A 178 KT Primary Nickel Deficit For 2018
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Glencore PLC ::PROJECTS A 178 KT PRIMARY NICKEL DEFICIT FOR 2018.SEES NPI PRODUCTION IN INDONESIA AT 250-260KT IN 2018, 320-330KT IN 2019, AND 380-400KT IN 2020.INDONESIAN NPI SUPPLY ACCELERATES, BUT CHINESE NPI HAS UNDERPERFORMED YEAR-TO-DATE DUE TO ENVIRONMENTAL RESTRICTIONS."AS EVIDENCED BY SUBSTANTIAL INVESTORY DRAWS, NICKEL PRODUCERS ARE UNABLE TO SERVICE DEMAND"."DO NOT EXPECT MATERIAL NON-NICKEL PIG IRON SUPPLY GROWTH FROM MAIN ACTORS"."STRONG EXPECTATION THAT SIZEABLE DEFICITS WILL CONTINUE IN THE FUTURE EVEN AT/BELOW TREND GROWTH", REFERING TO NICKEL MARKET.  Full Article

Glencore PLC Says China Nickel Pig Iron Production Lower Than Expected At 475 KT For 2018
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Glencore PLC ::NICKEL PIG IRON PRODUCTION IN CHINA IS LOWER THAN EXPECTED AT 475 KT FOR 2018.  Full Article

Century Aluminum Company Reports Q3 2018 Results
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Century Aluminum Co ::MPANY REPORTS THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.02.Q3 LOSS PER SHARE $0.23.Q3 SALES $481.8 MILLION VERSUS I/B/E/S VIEW $476.7 MILLION.Q3 EARNINGS PER SHARE VIEW $0.00 -- THOMSON REUTERS I/B/E/S.  Full Article

METALS-Copper has worst week since December as dollar firms

LONDON, March 22 Copper prices fell on Friday as weak European and U.S. factory data spread gloom about the global economic outlook and strengthened the dollar.