Glencore plc (GLCNF)
OTC PINK OTC PINK Primary 
Glencore holds guidance after steady production quarter
Glencore PLC (LSE:GLEN) has maintained its production forecast for the current year even though most of its mining operations saw modestly lower output in their latest quarter. Cobalt saw the biggest drop, at 18% but copper, zinc, nickel and silver were also down with gold flat.
Santacruz Silver Mining announces amendments to sale terms for Glencore's Bolivian mining assets
Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) has announced the signing of definitive agreements to amend the terms related to the earlier sale of Glencore PLC (LSE:GLEN)'s Bolivian mining assets to Santacruz. The agreements, effective from October 3, 2024, include an omnibus agreement and an amended security agreement, following negotiations with Glencore.
US STRATEGIC METALS ANNOUNCES THREE-WAY STRATEGIC PARTNERSHIP FOR DOMESTIC UNITED STATES DOWNSTREAM CRITICAL MINERALS PROCESSING
ST. LOUIS , Sept. 12, 2024 /PRNewswire/ -- US Strategic Metals ("USSM" or the "Company") is pleased to announce it has entered into a strategic partnership with Glencore AG, a wholly-owned subsidiary of Glencore plc (together, with its subsidiaries, "Glencore") and Chilean Cobalt Corp. (OTCQB: COBA) ("C3") to explore domestic United States ("US") downstream processing of cobalt and copper intermediate products from C3's La Cobaltera project in Chile.
Future-facing Glencore still a cash-today story, say a bull on the stock
Citi has renewed its enthusiasm for Glencore PLC (LSE:GLEN) describing it as a 'future-facing and cash today story'. After suspending its rating on the miner and commodity trader, it has resumed cover with a 'buy' rating and 530p price target.
Glencore coal asset retention plan raises eyebrows
Glencore PLC (LSE:GLEN) decision to retain its coal assets was no surprise to broker Panmure Liberum, given its cash generation and plans to wind it down. “The pressures of ESG have evolved and investors approve of its plans to wind down the coal business responsibly.
Glencore PLC (GLCNF) Q2 2024 Earnings Call Transcript
Glencore PLC (OTCPK:GLCNF) Q2 2024 Earnings Conference Call August 7, 2024 3:00 AM ET Company Participants Martin Fewings - Head, IR & Communications Gary Nagle - CEO & Director Steven Kalmin - CFO Xavier Wagner - Head of Industrial Assets Conference Call Participants Chris LaFemina - Jefferies Liam Fitzpatrick - Deutsche Bank Alain Gabriel - Morgan Stanley Jason Fairclough - Bank of America Merrill Lynch Marina Calero - RBC Capital Markets Ephrem Ravi - Citigroup Myles Allsop - UBS Matthew Greene - Goldman Sachs Izak Rossouw - Barclays Robert Brackett - Bernstein Alon Olsha - Bloomberg Intelligence Operator Good day and thank you for standing by. Welcome to the Glencore 2024 Half-Year Results Conference Call and Webcast.
Glencore dips after reporting loss and cancelling coal demerger
Glencore PLC (LSE:GLEN) reported a loss for the first half of the year and said it was keeping hold of its coal business. The miner and commodities trading giant said lower energy prices, particularly for thermal coal, led to underlying earnings (EBITDA) sinking 33% to $6.3 billion, though revenue was up 9% to $117.1 billion.
Glencore ordered to pay $150mln fine following Swiss criminal investigation
FTSE 100-listed mining company Glencore PLC (LSE:GLEN) has been ordered by the Attorney General of Switzerland to pay $150 million in compensation claims plus a two million Swiss franc (£1.8 million) fine following a bribery investigation involving a Congolese public official in 2011. Disclosing the judgement in the regulatory statement, Glencore wrote: “The summary penalty order holds (Glencore) criminally liable for failing to have taken all necessary and reasonable organisational measures to prevent the bribery of a Congolese public official by a business partner in 2011 in connection with the acquisition from the state-owned mining company by that business partner of minority stakes in two mining companies in the Democratic Republic of the Congo.
Glencore tipped to keep coal assets by broker RBC
Interims from mining and trading giant Glencore PLC (LSE:GLEN) will add financial colour to a recent production update. The miner and trader said it would also reveal its demerger plans for a coal arm which has now been enhanced with assets acquired from Canadian company Teck.
Five former Glencore employees charged with bribery over awarding of African oil contracts
Five ex-Glencore PLC employees have been charged with corruption by the the UK Serious Fraud Office (SFO). Alex Beard, the billionaire former head of oil at Glencore, was one of those charged by the UK white-collar police.
Are Investors Undervaluing Glencore (GLNCY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Glencore keeps the market guessing another week over its coal plans
Glencore PLC (LSE:GLEN) is keeping the market guessing (for a little longer at least) over its aspirations for the strongly performing coal business. In its half-year production update, it said it would wait until its interim results next week before sharing its decision on whether to spin the assets off into a separate business.
