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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 | |
---|---|---|---|---|---|---|---|---|---|---|
3.75 | 0.80% | 472.35 | 472.25 | 472.35 | 477.20 | 470.75 | 474.35 | 7,511,035 | 14:57:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Nonmetallic Mineral Pds, Nec | 217.83B | 4.28B | 0.3508 | 13.51 | 57.83B |
Date | Subject | Author | Discuss |
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19/2/2021 10:25 | Finish the week over £3 and next week will be interesting and profitable. | gxgxx | |
18/2/2021 13:25 | Rio Tinto confirms $9bn dividend in a week of bumper returns for mining shareholders MiningMajor Commodities By Andrew Fawthrop 17 Feb 2021 Rio Tinto, BHP and Glencore have each confirmed big dividends this week, as mining companies benefited from a price surge for major commodities in 2020 Rio Tinto Pilbara Cape Lambert iron ore Iron ore at Rio Tinto's Cape Lambert operation in Pilbara, Western Australia (Credit: Rio Tinto) Rio Tinto has confirmed its largest-ever annual payout to shareholders, in a week when rivals BHP and Glencore also upped their own dividends in response to solid returns across the mining industry in 2020. In total, the Anglo-Australian miner issued payments of $9bn for the full year, equivalent to 557 cents per share and 72% of its underlying earnings for the 12-month period. It includes a $5bn final ordinary dividend and a $1.5bn special dividend announced today (17 February). Rio benefited from a surge in prices for iron ore – its biggest commodity focus – during the year, buoyed by strong demand for the steelmaking ingredient in China as the country emerged first from the depths of the coronavirus downturn. Its underlying earnings from iron ore increased by 18% year-on-year to $11.4bn – accounting for more than 90% of total earnings from all product segments. “Safe and well-run operations, together with world-class assets, great people, capital discipline and a strong balance sheet, leave Rio Tinto well placed to generate superior returns for shareholders,” said chief executive Jakob Stausholm. BHP and Glencore further boost 2020 mining dividends Yesterday, rival BHP issued a $5.1bn dividend alongside its half-year results on the back of strong earnings driven by the price surge for iron ore and copper. Analysts suggest an even bigger windfall could be on the cards later in the year when the firm posts its full-year update, assuming commodity markets maintain strong performance. “Our outlook for global economic growth and commodity demand remains positive, with policymakers in key economies signalling a durable commitment to growth and signalling ambitions to tackle climate change,” said BHP chief executive Mike Henry. “These factors, combined with population growth and rising living standards, are expected to drive continuing growth in demand for energy, metals and fertilisers.” Glencore resumed its dividend with a $1.6bn payment, having paused shareholder returns in August amid uncertainty surrounding the pandemic. For the Swiss mining giant, 2020 was the last of its dividends to be paid out under the tenure of long-standing chief executive Ivan Glasenberg as he prepares to leave his role at the head of Glencore. The South African industry veteran retains a roughly 9% ownership interest in the company, however. While the impact of the pandemic caused huge disruption to global industry and commodity markets last year, diversified mining companies have been boosted by growing demand for some of their core products, like iron ore and copper, as major economies prepare to build their way out of the economic downturn with large infrastructure projects. Some analysts and financial planners, including at JP Morgan Chase, have suggested a new commodity “supercycle “Lower interest rates and high levels of government spending should both stimulate economic activity and increase demand for commodities,” noted analysts at Hargreaves Lansdowne. “Meanwhile years of financial restraint post 2015/16 mean miners haven’t necessarily spent as much as they might have on new mines. “That combination of increased demand and lower investment in new supply could be explosive for commodity prices, and excellent news for miner’s profits. “Ultimately, it’s difficult if not impossible to say with any degree of certainty which direction commodities will take. However, we certainly see an argument for miners being on track for better times ahead.” A difficult year for Rio Tinto, despite financial gains Rio Tinto reported underlying earnings of $12.4bn for 2020, up 20% year-on-year, with consolidated revenues up 3% to $44.6bn and net debt falling from $3.65bn to $664m. Yet despite the strong financial performance, it was also a damaging year for the company, which suffered a big reputational blow when it destroyed the Juukan Gorge aboriginal heritage site in Pilbara, Western Australia during a mine expansion in May. The incident prompted a parliamentary inquiry and ultimately cost former chief executive Jean-Sébastien Jacques his job, along with two other senior executives. Newly-appointed Rio Tinto CEO Jakob Stausholm said: “It has been an extraordinary year – our successful response to the Covid-19 pandemic and strong safety performance were overshadowed by the tragic events at the Juukan Gorge, which should never have happened.” The mining company recently reshuffled its executive structure under the new boss, with a primary aim of rebuilding trust with project stakeholders following the episode. Scope 3 emissions on the agenda In today’s update, Rio outlined new targets for addressing its Scope 3 emissions – those caused by the end use of the products it sells, and the hardest to abate. It said it plans to achieve net-zero emissions from the shipping of its goods by 2050, and align with the International Maritime Organisation (IMO) goal of a 40% reduction in shipping intensity by 2030. Rio also plans to work with partners in the steelmaking sector on pathways to decarbonise the manufacturing process and invest in technologies that can advance this process. Glencore recently set its own targets for tackling Scope 3 emissions, as part of a broader push to eliminate the entirety of its carbon footprint by 2050. It confirmed in its financial update yesterday that this climate strategy will be put to shareholders for an advisory vote at its forthcoming annual general meeting in April. Carlota Garcia-Manas, senior responsible investment analyst at Royal London Asset Management (RLAM), welcomed this move, saying it “constitutes another big step in the transformation of this company and reinforces the value of shareholder engagements”. She added: “Glencore is one of a few companies leading the way” on climate action. | grupo guitarlumber | |
18/2/2021 12:27 | It's all gone quiet with the US investigations. Are these still continuing or have I missed some news? What is latest? | watfordhornet | |
18/2/2021 12:23 | £3 Barrier...........ne Once this has been breached then the rise to a reasonable +£4 per share should be quickly attained. Even then the share price is still well below the true value for Glencore. In comparison to similar stocks it is still being undervalued. Metals prices are booming and Copper is flying. It will only be a matter of time before this share takes off. The promised 'special' August extra dividend should help too. | gxgxx | |
16/2/2021 11:28 | Agree entirely. Commodities are only going one way. | a2584728 | |
16/2/2021 10:07 | Dodge M I tend to agree..... | lasata | |
16/2/2021 09:36 | H2 was strong but next year with $7.2bn free cash flow at 31st Jan 2021 prices. Oil is up from $55 to $62 and copper from $36 to $38. If commodity prices stay where they are this is seriously cheap. | dodge meister | |
16/2/2021 08:31 | gxgxx 16 Feb '21 - 07:21 - 2951 of 2953 0 1 0 16 February 2021 Preliminary Results 2020 Full report . ..... | la forge | |
16/2/2021 07:24 | Looks positive | lasata | |
16/2/2021 07:21 | GLENCOÂEGlencorePrel Full report . ..... hxxps://www.glencore | gxgxx | |
16/2/2021 07:18 | Return to dividend!!!! and maybe more to come in August!!!! :-) SHAREHOLDER RETURNSOwing to the uncertainty resulting from the Covid pandemic and to support the Group’s overall financial position during 2020, the Board elected not to pay any distributions in 2020.Having now reduced Net debt to $15.2 billion, excluding Marketing leases at period end (within our $10 to $16 billion target range), the Board is pleased to propose to shareholders a 2021 base distribution of $0.12 per share (c.$1.6 billion), comprising the $1 billion base attributable to marketing plus 25% of 2020 Industrial asset attributable free cash flow, payable in two equal instalments in 2021.As noted above, we have a 2021 priority to ensure additional deleveraging below the middle of the c.$10–16 billion guidance range (excluding Marketing lease liabilities) and targeting the lower end of the range in the medium term, including seeing the Netdebt/Adjusted EBITDA ratio moving closer to 1x. Given Glencore’s current strong levels of operating cash flow (evidenced by the c. $7.2 billion of illustrative annualised free cash flow generation at end of January 2021 spot prices), these targets are well on track to be met. Reflecting these objectives, the next six months’ performance and prevailing market conditions and outlook at the time, the Board would consider special 2021 “top-up” shareholder distributions, alongside its interim results in August. | gxgxx | |
04/2/2021 15:22 | Glencore PLC said Thursday that it will relinquish mining contracts back to the government of Colombia following the rejection of proposals for mines to stay in maintenance mode. The FTSE 100 Anglo-Swiss mining and oil company said that subsidiary Prodeco will begin the process of handing its mining contracts back to the state by way of the National Mining Agency. The agency had previously declined Prodeco's request to keep the mines of Calenturitas and La Jagua in care and maintenance. "The decision to relinquish the mining contracts was not taken lightly and is a disappointing outcome," the company said Glencore said that Prodeco will engage with its employees, contractors and the host communities on the effects of relinquishing the titles. Write to Adriano Marchese at adriano.marchese@wsj (END) Dow Jones Newswires February 04, 2021 09:51 ET (14:51 GMT) | waldron | |
03/2/2021 08:34 | Glencore PLC on Wednesday reported that its 2020 coal and copper production was in line with its guidance. The FTSE 100 Anglo-Swiss mining and oil company produced 106.2 million metric tons of coal last year, down from 139.5 million tons in 2019 and at the lower end of the 106 million-112 million tons guidance range. Copper output fell to 1.26 million tons from 1.37 million, meeting the 1.23 million-1.28 million guidance range. Glencore's zinc production increased 9% in 2020, but cobalt output declined 41%, lead was down 7%, nickel fell 9%, and ferrochrome plunged 28%. Precious metals production rose last year compared with 2019, with gold up 3% and silver up 2%. In addition, oil production on an entitled interest basis decreased 29% to 3.94 million barrels. Write to Jaime Llinares Taboada at jaime.llinares@wsj.c (END) Dow Jones Newswires February 03, 2021 02:24 ET (07:24 GMT) | maywillow | |
30/1/2021 03:20 | Once the yanks accept it's not nice to short 160% of a company's stock we should be back up to 270 - 280. | zangdook | |
29/1/2021 21:12 | THE WISH LIST GIVING BOXES,Supports and Resistences to determine channels and trends together with broker targets which might of course make you smile or and smirk 100 to 130p 130 to 160p 160 to 190p 190 to 220p 220 to 250p $$$$$$$$$$$$$WE ARE HERE$$$$$$$$$$$$$$$$ 250 to 280p 280 to 310p 310 to 340p December 2020 ends at 233p JANUARY 2021 ends at 246.4p SUPPORTS AND RESISTENCES | waldron | |
29/1/2021 21:07 | Glencore 246.4 -0.92% | waldron | |
27/1/2021 16:10 | US market authority. Sorry . | action | |
27/1/2021 16:08 | GED want to look into twitter account to find put who was pushing gamestock higher because wall street is being hurt by punters. I wish they take same sort of interest when MM manipulates market and punters gets hurt. | action | |
27/1/2021 14:28 | Stick with commodities and real estates as well usa banking stocks. Inflation is coming back amount of stimulus in pipeline and more in futures. DYOR . | action | |
23/1/2021 09:54 | Vale targets coal exit as it prepares sale of Moatize mine in Mozambique MiningCoal By Andrew Fawthrop 21 Jan 2021 The Brazilian miner will acquire a partner's 15% share in Moatize coal mine, ahead of a planned divestment of the entire project and its associated infrastructure mining truck 2 Japanese firm Mitsui has sold its interests in the venture back to Vale for a nominal fee Vale has taken its first step towards exiting the coal market, striking a deal that will advance the sale of its Moatize mine in Mozambique. The Brazilian miner agreed to acquire a 15% stake in the venture held by Japanese trading company Mitsui for a token fee ($1), as well as Mitsui’s interests in the Nacala Logistics Corridor (NLC) being constructed to service the mine – with a view to consolidating both operations ahead of a future sale. The agreement anticipates Mitsui’s exit from the project can be completed this year, after which Vale will begin searching for a “third party interested in those assets”. It added it will maintain “operational continuity” during this process, supporting the project’s ramp-up and keeping commitments to various stakeholders, including local labour and resettlement agreements. Vale says mine upgrades will allow Moatize to produce 18 million tonnes of coal per year by 2022 Moatize is Vale’s largest venture in the coal sector, and has been operational since 2011. In 2017, Mitsui paid $690m for the 15% interest in the mine, as well as a 50% interest in the NLC project to provide port and rail infrastructure. Vale is currently implementing upgrades at the facility, which it expects will increase production rates to 15 million tonnes per year in the second half of 2021 and 18 million tonnes per year by 2022. The combined mine and infrastructure assets have outstanding debt totalling $2.5bn, which Vale says it will reclassify to financial expenses, debt amortisation and sustaining capital. “Future refinancing of the project finance and simplification of the structure will lead to potential annual savings of approximately $25m,” the company said in statement. Analysts suggest Vale may look to Chinese buyers to offload the venture, according to reports, given the ongoing trade tensions between Beijing and Australian coal exporters. Mining majors increasingly looking to a coal-free future The move underscores a growing shift away from coal assets among the world’s biggest mining companies, as the fossil fuel is gradually phased out of the global energy mix, and investors increasingly demand environmental commitments from corporate leadership. Vale said the planned divestment is “in line with the focus on its core businesses and ESG agenda, committed to becoming carbon-neutral by 2050 and reducing 33% of its Scopes 1 and 2 emissions by 2030”. BHP has confirmed similar plans to divest its coal-producing assets, including the huge Mount Arthur mine in Australia – and yesterday confirmed a writedown of $1.15bn-$1.25bn on its New South Wales Energy Coal unit as it seeks to offload the venture. Anglo American plans to divest its South African thermal coal operations by 2023, while Rio Tinto has already completed its coal exit, selling the last of its coal mines in 2018. Glencore recently pledged an extensive decarbonisation agenda, although says “responsible stewardship” and reduction of its coal portfolio will be the priority, rather than a rush to abandon all of its coal assets. | florenceorbis | |
19/1/2021 12:15 | Glencore PLC said Tuesday that one of its subsidiaries has agreed to sell an underlying 73% stake in Mopani Copper Mines PLC to ZCCM Investments Holding PLC for $1 and the assumption of debts of $1.5 billion. The Anglo-Swiss commodities company said its 81.2%-owned subsidiary Carlisa Investments Corp. has signed a contract to sell its 90% interest in Mopani to ZCCM, which owns the remaining 10% interest in Mopani. Mopani, which houses a copper mine in Zambia, has been funded by borrowings from Carlisa and other members of the Glencore group, the Anglo-Swiss company said. On completion of the deal, $1.5 billion of debt will remain owed by Mopani to Glencore group creditors, Glencore said. Glencore said it will also retain offtake rights in respect of Mopani's copper production until the transaction debt has been fully repaid. London-listed shares in Glencore at 0821 GMT were up 1.4% at 280.60 pence. Write to Adria Calatayud at adria.calatayud@dowj (END) Dow Jones Newswires January 19, 2021 03:43 ET (08:43 GMT) | maywillow |
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