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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
  8.50 2.63% 331.25 331.15 331.30 331.80 323.30 329.20 61,635,407 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 104,108.7 -3,741.9 -10.2 - 44,137

Glencore 2020 Coal, Copper Production Met Guidance

03/02/2021 7:39am

Dow Jones News


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By Jaime Llinares Taboada

 

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.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

February 03, 2021 02:24 ET (07:24 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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