Tag: Glencore

Glencore scraps $2.6 billion dividend as first-half earnings fall

LONDON (Reuters) - Glencore said on Thursday it was scrapping its dividend to focus on lowering debt as the COVID-19 pandemic forced it to book a $3.2 billion impairment charge.

Glencore ups expectations for trading, cuts coal guidance

LONDON (Reuters) - Swiss-based Glencore said a stellar performance in trading would see it hit the top end of guidance for the year but posted lower production figures for its...

Zambia rejects Glencore copper mine’s suspension plan

Operations were halted at its mines at the start of April, with Mopani citing the COVID-19 pandemic and other problems, but mining resumed a month later after the decision sparked a backlash from the Zambian government.

JSE-listed miners extract tailings information for ethical investors

JSE-listed mining companies clear the dust hanging over many African mine dumps .Lonmin, Glencore, Kumba, BHP Billiton, Anglo American Platinum and Anglo American have published details of their managed tailings storage facilities that is where they. This comes as ethical investors with $10.3 trillion in assets under management, sent a letter to 683 listed extractives companies in April. They requested disclosure on every individual tailing facility under these miners’ control, asking for the information to be made public within 45 days. Adam Matthews, Director of Ethics and Engagement at the Church of England Pensions Board joins CNBC Africa more.

SA sticks with China’s Sinopec as preferred contender for Chevron SA, Botswana assets

Glencore’s bid was aimed at securing the trader its first refining asset since it ventured into downstream investments.

South Africa’s NUM union signs three-year wage deal in coal sector

South Africa’s National Union of Mineworkers (NUM) has agreed a three-year wage agreement with coal producers, averting a sector-wide strike that could have impacted power supply, the company said on Thursday. The union...

Why SA’s rich are hiding their money

Why SA’s rich are hiding their money