We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -6.40 | -1.35% | 468.50 | 467.35 | 467.50 | 472.85 | 463.40 | 472.85 | 25,882,341 | 16:35:09 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Nonmetallic Mineral Pds, Nec | 217.83B | 4.28B | 0.3508 | 13.33 | 57.03B |
From Apr 2019 to Apr 2024
By Oliver Griffin
Glencore PLC (GLEN.LN) said Sunday that its majority-owned subsidiary, Katanga Mining Ltd. (KAT.T), is assessing options to raise capital to resolve a dispute between its copper project in Congo and the African nation's state-owned mining company.
The Anglo-Swiss commodities trader and miner said that Katanga is looking to raise capital for its 75%-owned Kamoto Copper Company--its operating subsidiary in Congo--after its state-run joint venture partner Gecamines launched legal proceedings to dissolve Kamoto Copper over its capital deficiency.
Glencore said that Katanga could convert of a portion of existing intercompany debt, which it is owed by Kamoto Copper, into equity, or forgive a portion of such debt.
Either solution will affect the distribution of future cash flows earned by Kamoto Copper, which might in turn have a materially adverse impact on Katanga, Glencore said.
Negative effects wouldn't be expected to have a material impact on the assets, liabilities and net assets of Katanga, Glencore said.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
April 23, 2018 02:53 ET (06:53 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Glencore Chart |
1 Month Glencore Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
