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GLEN Glencore Plc

435.30
6.55 (1.53%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Glencore Plc LSE:GLEN London Ordinary Share JE00B4T3BW64 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.55 1.53% 435.30 436.05 436.15 437.20 431.40 433.60 30,156,841 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmetallic Mineral Pds, Nec 217.83B 4.28B 0.3508 12.43 53.21B
Glencore Plc is listed in the Nonmetallic Mineral Pds sector of the London Stock Exchange with ticker GLEN. The last closing price for Glencore was 428.75p. Over the last year, Glencore shares have traded in a share price range of 365.45p to 502.60p.

Glencore currently has 12,200,711,959 shares in issue. The market capitalisation of Glencore is £53.21 billion. Glencore has a price to earnings ratio (PE ratio) of 12.43.

Glencore Share Discussion Threads

Showing 18676 to 18690 of 26550 messages
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DateSubjectAuthorDiscuss
25/9/2020
16:30
Gold COMEX 1,863.90 -0.43%
Silver COMEX 23.04 -0.82%
Platinum NYMEX 840.10 -0.36%
Copper COMEX 2.96 -0.12%
Brent Crude Oil NYMEX 42.24 -0.52%
Gasoline NYMEX 1.18 +0.58%
Natural Gas NYMEX 2.82 -1.40%
WTI 40.076 USD -0.45%


FTSE 100
5,842.67 +0.34%
Dow Jones
26,873.53 +0.22%
CAC 40
4,729.66 -0.69%
SBF 120
3,746.87 -0.53%
Euro STOXX 50
3,137.06 -0.70%
DAX
12,469.2 -1.09%
Ftse Mib
18,681.37 -1.19%



Rio Tinto
4,733 -1.65%


Bhp
1,702.8 -0.61%

Anglo American
1,833.6 +0.76%


Glencore
167.38 -0.94%

waldron
23/9/2020
10:01
Glencore’s copper smelter and refinery in Australia get funding boost

MiningOther CommoditiesOthers

By NS Energy Staff Writer 23 Sep 2020

The funding from the Queensland govt will mitigate the current costs of continuing operations at the Mount Isa copper smelter and Townsville refinery beyond 2022
1200px-Mount_Isa_copper_smelter_2002

A side view of the Mount Isa copper smelter. (Credit: ChrisFountain/Wikipedi.aorg)

The Queensland government in Australia has announced a multi-million-dollar funding boost to Glencore’s Mount Isa copper smelter and Townsville copper refinery in the state.

The two assets were slated to retire in 2022. Following the funding commitment from the Queensland government, the smelter and the refinery will operate for an additional three years.

The government investment will secure 350 jobs at the smelter and 220 jobs at the refinery.

The funding announcement is said to be a key initiative of the Townsville Regional Recovery Action Plan for supporting the economic recovery in the region and for creating local jobs.

Queensland Premier Annastacia Palaszczuk said: “We know COVID has had a huge impact on economic condition globally.

“But we will emerge from this downturn and when we do, I am determined that these important jobs right across north Queensland will be here as well.

“Queensland has an economic plan for COVID-19 recovery and our traditional strengths like resources and manufacturing industries are critical to that plan.”
Funding to support re-bricking and maintenance work at the Mount Isa copper smelter

According to the government, its support package will enable the four-yearly re-bricking and maintenance work at the copper smelter, which is scheduled to be undertaken in September 2021.

Glencore said that the incentive from the Queensland government will help in mitigating the current costs of continuing the copper smelter and copper refinery beyond 2022.

Glencore stated: “We recognise these metallurgical assets are an important part of the North Queensland economy and part of a broader supply chain which supports thousands of jobs.”

The Queensland government is also providing funding boost to Incitec Pivot whose operations depend on the Glencore copper smelter for feedstock.

Glencore’s subsidiary Mount Isa Mines is said to be the second-largest copper producer in Australia. The company mines copper through its Enterprise and X41 underground operations in Mount Isa.

The Mount Isa Mines copper smelter and the Townsville copper refinery were originally set to close in 2016 and 2017, respectively. However, in November 2015, the Queensland government and the Swiss mining company finalised new environmental licensing conditions to enable the facilities to operate till the end of 2022.

grupo
21/9/2020
10:04
In fact a quick look brings up the Blackrock mining trust trading at a 12% discount to NAV so I've added that to my watchlist. If the market is due a further kicking a may buy into that one
dope007
21/9/2020
09:57
Watch the dollar, the cheaper it gets relative to EM currencies the bigger the commodity boom will be.
plat hunter
21/9/2020
09:53
Looking over it all I am going to look at the all share and FTSE 350 mining indexes for potential exposure to a commodity boom over the next few years
dope007
21/9/2020
09:48
Alexander Bueso
Sharecast News
18 Sep, 2020 12:53 18 Sep, 2020 12:56
Pension fund withdraws support for Glencore's Valeria coal project


Glencore's plans for a new coal mine in Australia's Bowen Basin have run into unexpected opposition from a potentially key stakeholder.


UniSuper Management Pty, a pension fund that holds a 15% stake in the joint-venture developing the project, known as Valeria, said it would withdraw its support because the economics underlying it did not stack up.

Glencore reportedly told Bloomberg that UniSuper's approval wasn't needed in order for Valeria to proceed, but the pension fund's chief investment officer thought otherwise.

Speaking at a University of Melbourne webinar on Thursday evening, UniSuper's CIO, John Pearce, said: "Through a complicated structure, a joint venture, we actually own 15% of that coal mine.

"You might think that, well 15%, how can you stop it? Well it turns out that some of the decisions require 100%, so it could be fairly problematic for those.

"[...] Thermal coal is bound to be a stranded asset."

Valeria was projected to supply approximately 4% of Australia's thermal and metallurgical coal per year when it entered into service, in 2026.

grupo
21/9/2020
09:27
EV certainly is over double

depends on your patience and propensity to risk

i see that it might head down towards the 148p support

good luck with your decision

waldron
21/9/2020
09:22
That's how I am leaning with its current mkt cap
dope007
21/9/2020
09:20
in my opinion there are too many outstanding legal issues not to mention the current market sentiment

Dope007
21 Sep '20 - 09:45 - 2790 of 2790
0 0 0
IS this a buy here, or too many issues in the posts above?

waldron
21/9/2020
08:45
IS this a buy here, or too many issues in the posts above?
dope007
20/9/2020
06:54
Critical SA oil reserves returned as Glencore settles out of court
The Strategic Fuel Fund has also asked the court to make a declaratory order to set aside the sale of the strategic fuel reserves, which would allow it to refund the buyers and keep the oil in SA

BL PREMIUM

17 September 2020 - 13:07 Lisa Steyn
UPDATED 17 September 2020 - 17:55

The government’s Strategic Fuel Fund (SFF) and global commodities giant Glencore have reached an out-of-court settlement over the dubious sale of SA’s oil reserves, in which the company will be refunded and the state will regain ownership of the oil.

The SFF, a subsidiary of the Central Energy Fund (CEF), a state-owned entity mandated to contribute to SA’s energy security, reached an “in-principle agreement” in which Glencore, which is headed by SA-born Ivan Glasenberg, recognised that a deal to acquire 3-million barrels of SA’s strategic oil reserves was invalid.

grupo guitarlumber
18/9/2020
16:19
Gold COMEX 1,961.70 +0.52%
Silver COMEX 27.16 -0.35%
Platinum NYMEX 935.90 -0.30%
Copper COMEX 3.10 +0.57%
Brent Crude Oil NYMEX 43.25 -0.12%
Gasoline NYMEX 1.20 -0.27%
Natural Gas NYMEX 2.61 +2.28%
WT I41.1 USD +0.58%

FTSE 100
6,007.05 -0.71%
Dow Jones
27,888.44 -0.05%
CAC 40
4,978.18 -1.22%
SBF 120
3,939.83 -1.21%
Euro STOXX 50
3,283.69 -1.12%
DAX
13,116.25 -0.70%
Ftse Mib
19,572.17 -0.85%



Rio Tinto
5,007 +0.34%



Bhp
1,768 +0.51%



Anglo American
1,979 +0.51%



Glencore
180.6 -2.38%

waldron
18/9/2020
15:19
The next wave of the global recovery could send commodity prices soaring

Published Fri, Sep 18 20204:50 AM EDTUpdated Fri, Sep 18 20204:55 AM EDT

Sam Meredith
@smeredith19

Key Points

The next phase of the economic recovery is likely to be driven by commodity-intensive infrastructure investment, analysts have told CNBC.

It comes at a time when market participants are closely monitoring the strength of the global economic recovery, as many countries grapple with an upsurge in the number of reported Covid-19 infections.

waldron
18/9/2020
12:48
Back down to 172
plat hunter
15/9/2020
17:07
Analysts at RBC Capital Markets upped their rating on mining giant Glencore from 'sector perform' to 'outperform' on Tuesday after exploring the group's "deep value" through a management buyout "thought experiment".

RBC said Glencore's recent underperformance had driven "substantial value" in the shares and believes an MBO could "crystallise" much of it.

"Even if this is unobtainable, we think risk/reward is now favourable and upgrade our recommendation," said the analysts.

The Canadian bank thinks Glencore's management and major stakeholder the Qatar Investment Authority could use its 20% equity holding and then raise $14.0bn in new private equity and $18.0bn in debt to bid 237.0p for the remaining 80% of the shares.

RBC said the consortium could then sell roughly $15.0bn in assets, including the oil and agriculture marketing businesses, to reduce debt.

"We envision the remaining business would then be split in two – with a new base metals business 'Electric Mining' part IPO'd in 2022 for an ESG unencumbered $30.0-55.0bn valuation. The consortium could then keep the residual "Coal Co" which at a 14% FCFY valuation would be worth circa $18.0bn on our $75 pre tonne medium-term coal price," said the analysts.

Although RBC acknowledged that increased investor appetite for yield and inflation protection in a low real interest rate environment opened the door for an MBO, it admitted there was "no question" that the financing requirements were large and the risks "substantial"

However, it noted that its study had helped to show the embedded discount to the stock and also to frame the risk/reward at current prices.

sarkasm
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