Glencore Share Discussion Threads

[losses] 01/8/2018 04:46

A private survey of Chinese manufacturing hits a 8-month low amid trade spathttps://uk.finance.yahoo.com/news/private-survey-chinese-manufacturing-hits-014800802.html

[uncertain times] 31/7/2018 19:47

Pretty good numbers. I wonder if after all the share buybacks, they'll finally put the cherry on the cake with that long promised special divi?

[purplepanther] 31/7/2018 19:04

From Bloomberg this evening:"The U.S. and China are trying to restart talks aimed at averting a full-blown trade war between the world's two largest economies, two people familiar with the effort said.Representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengage in negotiations, according to the people who spoke about the deliberations on condition of anonymity."

[waldron] 31/7/2018 17:53

31 July 2018

Transactions in own shares

Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited.


Date of purchase: 31 July 2018
Aggregate number of ordinary shares of USD
0.01 each purchased: 793,400
Lowest price paid per share (GBp): 322.3500
Highest price paid per share (GBp): 337.6000
Volume weighted average price paid per share
(GBp): 330.3684

[waldron] 31/7/2018 17:32

Rio Tinto
4,196.5 +1.13%


BHP Billiton
1,754.6 +1.83%



Anglo American
1,732.8 +3.27%


Glencore
334.5 +2.94%



Silver COMEX 15.59 +0.52%
Copper COMEX 2.80 +0.04%
Brent Crude Oil NYMEX 74.82 -0.81%

[losses] 31/7/2018 11:14

Not had the desired effect of Cu

[waldron] 31/7/2018 11:04

Codelco copper mine Chuquicamata in Chile hit by strike
Mining News - Published on Tue, 31 Jul 2018
codelco_copper_mine_chuquicamata_in_chile_hit_by_strike_53215.jpg Image Source: mining.com
Prensa Latina reported that the Chilean copper mine Chuquicamata, of the state-owned company Codelco, entered into general strike with 'division taken, roads cut', in protest of dismissals. The cessation of duties of two operators was the last straw in the second most important copper mine in the southern country, after several days of tensions over readjustments plans of Codelco. Thus, the unions 1,2,3 of Chuquicamata, along with the union one of Antofagasta, in the north of Chile, paralyzed their work this Monday.

'All the instances were exhausted to obtain a participatory dialogue', stressed the workers who blocked access to the site with incendiary barricades.

Several television channels showed images of the strike that currently has no days scheduled.

Codelco is the largest copper producer in the world and a strike is not the best news, when the price of metal fell in the international market.

Precisely Chuquicamata produced 331,000 tons of copper in 2017.

The unions warned that Codelco's plan is to eliminate 1,700 jobs. However, at the moment the state company did not make statements about it.

Source : Prensa Latina

[fangorn2] 31/7/2018 09:47

Glencore Sees Big Jump in Cobalt Supply From Congo Mines

Link to story

[losses] 31/7/2018 08:41

Hopefully back to 350 over the coming days..

[grupo guitarlumber] 31/7/2018 08:23

Glencore Sees Big Jump in Cobalt Supply From Congo Mines
[Bloomberg]
Bloomberg•31 July 2018

Glencore Plc increased cobalt production by almost a third after restarting output at its Katanga unit in the Democratic Republic of Congo.

The Swiss commodity giant is seeking to double its production of cobalt in the next two years, tightening its grip on the market for the key battery material in electric vehicles. First-half cobalt output jumped 31 percent to 16,700 tons, the company said in a statement on Tuesday.

While Glencore is cashing in on higher cobalt and copper demand, it also must confront serious challenges this year. The U.S. Department of Justice has launched a corruption probe into operations in Congo, Nigeria and Venezuela, and it’s facing higher taxes and tougher regulation in Congo.

More from Bloomberg.com: MH370 Was ‘Manipulated’ Off Course to Its End, Report Says

In its production report today, Glencore maintained most of its full-year targets, with slight reductions to its coal and lead estimates. Copper output rose 8 percent during the first half and nickel production increased 21 percent.

“African copper saw a faster ramp up at Katanga than we had modeled and stronger performance at both Mutanda and Mopani, also translating into the higher cobalt production,” RBC Capital Markets analyst Tyler Broda said in a note.

More from Bloomberg.com: Tech Rout Slams Stocks as Oil Gains, Dollar Slips: Markets Wrap

Katanga boasts one of Congo’s biggest reserves of copper and cobalt but it has underperformed for decades. In 2015, Glencore suspended operations to address the problems and upgrade the facilities. Production restarted in December and the mine is scheduled to hit 300,000 tons of copper next year, when it will account for about a fifth of Glencore’s global production.

More from Bloomberg.com

[grupo guitarlumber] 31/7/2018 08:14

31 July, 2018

2018 Half-Year Production Report

To view the full report please click here:



Highlights

-- Own sourced copper production of 696,200 tonnes was 53,300 tonnes (8%) higher than H1 2017 and cobalt production of 16,700 tonnes was 4,000 tonnes (31%) higher, in each case reflecting the restart/ramp-up of Katanga. Own source copper sales during the period were some 32,000 tonnes lower due to timing of shipments.

-- Adjusting for the African zinc assets sold to Trevali Mining in August 2017, own sourced zinc production of 498,200 tonnes was in line with H1 2017. Mining operations have restarted at Lady Loretta (Mount Isa), supporting an increased full year production run-rate.

-- Own sourced nickel production of 62,200 tonnes was 11,000 tonnes (21%) higher than H1 2017, reflecting Koniambo's second processing line entering production and the scheduled statutory shutdown at Murrin in the base period.

-- Attributable ferrochrome production of 818,000 tonnes was in line with H1 2017.

-- Coal production of 62.0 million tonnes was in line with H1 2017, reflecting certain offsetting factors. Cyclone Debbie in Australia disrupted the base period, the current period includes production from the recently acquired Hunter Valley Operations JV (from May 2018). As previously indicated, Prodeco is undertaking significant additional overburden removal, affecting nearby production volumes.

-- Entitlement interest oil production of 2.3 million barrels was 13% below H1 2017, mainly reflecting expected declines in the liquids phase of the Equatorial Guinea offshore fields. The Chad drilling campaign that started mid-2017 delivered increased production of 9% over H2 2017 (stable over H1 2017).

-- Full year production guidance is set out on page 15.

[waldron] 30/7/2018 17:27

Rio Tinto
4,149.5 -0.30%


BHP Billiton
1,723 +0.94%


Anglo American
1,678 -0.79%


Glencore
324.95 -0.32%

Silver COMEX 15.53 +0.10%
Copper COMEX 2.79 -0.11%
Brent Crude Oil NYMEX 75.54 +0.94%


GLEN stil snug in the 310 to 340p BOX

[grupo] 30/7/2018 10:51

Shares in miners Rio Tinto, Glencore and Anglo American all fell 0.9-1.3 percent as the price of copper declined after economic data which may indicate slowing growth in top metals consumer China.

[grupo] 30/7/2018 10:48

Strange similar articles appear to have been written by different authors

[losses] 30/7/2018 04:50

Private equity fund Appian to raise £1bn to snap up mining assetshttps://uk.finance.yahoo.com/news/private-equity-fund-appian-raise-180000567.html

[losses] 30/7/2018 00:26

What you expecting to happen after that?

[maywillow] 29/7/2018 22:35

Sunday 29 July 2018 6:46pm
Miners dig deep to help dish out record £30.7bn in second quarter dividends
Share


Adam Hignett
Adam Hignett is a writer at City A.M.
The only female driver of a one-hundred...
Miners helped drive surging growth in underlying dividends (Source: Getty)

Investors in UK plc struck gold in the second quarter of the year after the mining sector helped boost dividends to a record high.

Glencore, Rio Tinto, Anglo American, and Mondi, helped drive the 7.1 per cent year-on-year increase in underlying dividends to £30.7bn, buoyed by the recovery in commodity prices and a favourable exchange rate.

Together these four companies alone paid out over £1.9bn more than in the second quarter last year, and accounted for the lion’s share of the overall dividend growth. The sector as a whole saw its payouts almost double.

Read more: BP has bought US shale assets in major bid to expand oil footprint

Insurers also faired well, with nine out of ten listed firms boosting their proceeds on the back of stronger profits.

The banking, telecoms and tourism sectors were among those which were less generous than in previous year.

Although underlying payouts rose, headline dividends, which includes special one off payments, actually recorded a small 2.1 per cent fall year on year to £32.6bn.

However, this comes in the wake of exceptionally large specials paid in the second quarter of 2017, which were not repeated.

Despite the small slip in special payments, analysts remain optimistic about the underlying health of corporate UK.

Read more: UK dividends rise but trail global average

Justin Cooper, chief executive of Link Market Services, which compiled the dividend data, said: “UK plc’s profitability is on a firmer footing, and though there are still points of weakness, overall, profits now comfortably cover dividends. Balance sheets are also getting stronger. This is giving companies more headroom to return cash to shareholders.

“The miners might be digging deepest, but the rest of UK plc is coming up with the dividend goods too. Three-quarters of sectors saw growth on the back of improving profits, and income investors are set for another record year in 2018.”

[adrian j boris] 29/7/2018 17:29

8 Share buyback DAYS to go

[la forge] 29/7/2018 16:22

How oil company Glencore lost Sh4 billion appeal

USD40 MILLION








Judges said it was cynical for Glencore, upon burning its fingers in a scheme it consummated with Triton, to turn around and sue KPC when the State corporation was not a party to the finer details of their dealings.
According to five Judges of the highest court in the land, the issues raised by UK Company were not substantial points of law, which could have a bearing on public interest.

[leoneobull] 29/7/2018 13:18

31 July production update. Results about a week afterwards. I can see some positive share price action in next 2 weeks. Dyor imov wtfdik and other such caveats apply

[maywillow] 27/7/2018 20:29

Date of purchase: 27 July 2018
Aggregate number of ordinary shares of USD
0.01 each purchased: 994,232
Lowest price paid per share (GBp): 324.2500
Highest price paid per share (GBp): 330.6000
Volume weighted average price paid per share
(GBp): 327.0969

[twixy] 27/7/2018 20:04

Share buybacks down to about 15% of what they were a week ago; feels like the ship is settling.