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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.90 | 0.19% | 469.50 | 469.40 | 469.50 | 477.20 | 468.85 | 474.35 | 23,935,789 | 16:35:18 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Nonmetallic Mineral Pds, Nec | 217.83B | 4.28B | 0.3508 | 13.38 | 57.28B |
From Apr 2019 to Apr 2024
By Jaime Llinares Taboada
Glencore PLC on Friday cut full-year guidance for coal production by 4% due to strikes at the Cerrejon mine in Colombia.
The FTSE 100 Anglo-Swiss miner produced 25.4 million metric tons of coal in the three months to Sept. 30 compared with 35.8 million tons a year earlier. The company blamed the strikes for the decline, and revised full-year guidance down to 106 million-112 million tons from the previous 111 million-117 million range.
Glencore said it produced 346,600 tons of copper in the third quarter, down 2% from a year earlier. Zinc output was up 13% and gold and silver production also increased in the third quarter. However, cobalt offtake nearly halved, lead was down 8%, nickel fell 22%, ferrochrome was down 20%, and oil plunged 46%.
"We maintain our 2020 full-year production guidance, except coal, which was adjusted for the extended strike at Cerrejon," Chief Executive Ivan Glasenberg said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
October 30, 2020 03:43 ET (07:43 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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