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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -7.80 | -1.67% | 458.70 | 459.40 | 459.55 | 466.30 | 453.05 | 464.40 | 46,263,484 | 16:35:01 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Nonmetallic Mineral Pds, Nec | 217.83B | 4.28B | 0.3508 | 13.10 | 56.05B |
From May 2019 to May 2024
By Oliver Griffin
Canadian mining company Katanga Mining Ltd. (KAT.T) has been approached by Anglo-Swiss miner and commodities trader Glencore PLC (GLEN.LN), which owns 86% of Katanga, over its indebtedness.
At Dec. 31, Katanga owed interest of $452.8 million to Glencore under existing loan agreements. The Canadian company said Wednesday that Glencore has submitted a proposal designed to address this debt and that Katanga has formed a special committee of independent directors, which has retained advisors, to facilitate talks.
Katanga said Glencore has agreed to provide the financial support it needs to help it pay its debts when they are due in the 12-month period from the date of approval of Katanga's first-quarter results.
Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin
(END) Dow Jones Newswires
May 16, 2019 08:39 ET (12:39 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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