Glencore PLC (LSE:GLEN) isn't a stock that gets many people excited these days. Once a regular fixture in market chatter, the mining and trading giant has slipped off the radar lately, dogged by falling coal prices, patchy performance at its mines, and a more subdued outlook for its powerhouse Marketing division.
A potential mega-merger between Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and Glencore PLC (LSE:GLEN) is back in focus after a sweeping internal restructuring by the Swiss commodities group, which analysts at Citi say could ease the path to a transaction. But they also caution that any deal would face significant valuation and strategic hurdles.
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 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...
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, f...
Commodities giant Glencore finalised a deal to buy 2 million tonnes per annum (mtpa) of LNG from Commonwealth's export facility in Louisiana, along with equivalent natural gas supply from Kimmeridge Texas Gas, the companies said on Tuesday.
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 ...
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.
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