Glencore plc (GLCNF)
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Excellon strikes deal with Glencore for Mallay silver mine restart
Excellon Resources Inc (TSX:EXN, OTCQB:EXNRF) said on Friday it has signed a non-binding agreement with subsidiaries of Glencore PLC (LSE:GLEN) to support the restart of its Mallay Silver Mine in Peru. The agreement includes a pre-export finance loan facility and a concentrate offtake deal, which together are expected to provide the core funding for the mine's rehabilitation and restart.
Cobalt confirms plans for $243m London IPO with Glencore backing
Cobalt Holdings has confirmed its intention to float on the main market of the London Stock Exchange, with backing from major cornerstone investors including Glencore PLC (LSE:GLEN) and Anchorage Capital. The flotation, expected to take place around 10 June, will include a primary issue of new shares targeting institutional investors globally, as well as UK retail investors through the platform RetailBook.
Glencore: Two Cash Cows Are Better Than One
Glencore's dual focus on coal and commodities trading creates two robust cash-generating engines, supporting a strong investment case despite past share underperformance. Recent coal acquisitions, especially Cerrejón and Elk Valley Resources, have delivered outsized returns, transforming coal into Glencore's largest EBITDA contributor. Shareholders overwhelmingly backed retaining coal assets, favoring consolidated cash flows over a spinoff, reflecting confidence in management's capital allocation.
Glencore: Rising Metallurgical Coal Production Should Support Share Price In 2025
Switzerland-based Glencore is a major producer/trader of commodities. Due to higher margins, most of its profits come from the production units and more specifically from copper and coal. The company has been increasing its exposure to metallurgical coal and this move has so far proved to be beneficial. While trading earnings are broadly stable, production earnings are highly volatile, as they depend not only on output but also on sales price.
Santacruz Silver shares rise 5% accelerated Glencore payment
Shares of Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) rose 5% Tuesday after the company announced a second $7.5 million payment to Glencore under its accelerated plan to acquire a portfolio of Bolivian mining assets. The payment follows an initial $10 million instalment in March and is part of a structured deal aimed at completing $40 million in total payments by October 31.
Santacruz Silver makes second $7.5m payment to Glencore under asset deal acceleration plan
Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) said Tuesday it has made a $7.5 million payment to Glencore as part of a structured plan to accelerate its acquisition of Bolivian mining assets and lock in cost savings. This marks the second installment under the company's previously announced Acceleration Option and follows an initial $10 million payment made on March 20.
Glencore shares fall after disappointing production update
Glencore PLC (LSE:GLEN) shares fell over 4% on Wednesday as the miner and commodities trading giant delivered a disappointing first-quarter production update. Market prices for various commodities were also down on the day, with Brent crude oil down 1.7% to just over $62 a barrel, copper down 4%, gold down 0.9% and iron ore flat.
Glencore Narrows Coal Production Outlook After Output Edges Lower
The miner cut its 2025 energy coal output guidance by 5 million metric tons, reflecting a production cut announced in March.
Glencore hit as recession fears stalk the commodities sector
Glencore PLC (LSE:GLEN) shares slid 5% in early trading on Monday, caught in the broad sell-off following President Trump's sweeping tariffs that have sparked fears of a global recession. While Glencore is one of the world's most diversified miners, it also runs one of the largest commodity trading businesses globally - a model heavily exposed to price swings and market activity.
Glencore: Positive Near-Term Catalysts Ahead
Glencore's marketing division is well-positioned to take advantage of dislocations created by tariffs. There are several positive catalysts to watch out for, such as 1) dual listing, 2) ongoing buyback, and 3) the Viterra/Bunge merger. Despite solid results and good execution, GLNCY is discounted compared to its peers. Our buy is confirmed.
Glencore Stock: Coal Isn't A Dirty Word Anymore
Glencore's strategic decision to retain and expand its coal portfolio, despite falling prices, is proving advantageous amid the complex energy transition. Copper is pivotal for Glencore's future growth, with demand set to surge due to electrification and grid expansion, positioning the company favorably. Institutional investors overwhelmingly support Glencore's coal strategy, highlighting the company's ability to capitalize on favorable acquisition opportunities.
Glencore coal action requires support to stabilise market, say bank as it cuts price target
Glencore PLC (LSE:GLEN) will cut production at its Cerrejón thermal coal mine in Colombia by as much as 10 million tonnes this year, a reduction of roughly 8% of its total thermal coal output. The decision, announced on Tuesday, is in response to what the company called “unsustainable prices” in the seaborne coal market.
