Key facts: Glencore (GLEN) confirms Australia listing; $19.7B EBITDA; Radiant provision; WTI sale
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.
H1 2026 saw robust financial and operational results, with $10.1 billion adjusted EBITDA and strong contributions from metals, minerals, and energy. Copper growth projects advanced, a $1.5 billion shareholder return was announced, and a secondary ASX listing is planned to broaden investor access.Ba…
Group Adjusted EBITDA rose 86% to $10.1 billion and net income reached $4.4 billion, driven by higher commodity prices and strong marketing performance amid energy market volatility. Shareholder returns for 2026 total $3.5 billion, with a special distribution and buyback announced.Original document…
Glencore plc (GLEN) trading arm posted about $3.3 billion profit in H1, disclosed in the company’s first-half results.Rio Tinto ended 2026 merger talks with Glencore plc (GLEN), ci
By Fiston MahambaDemocratic Republic of Congo does not expect significant disruptions to copper and cobalt production this year due to chemical supply constraints stemming from conflict in the Middle East, a senior mining official told Reuters.The U.S.-Iran conflict that broke out on February 28 an…
By Ange Kasongo, Tom Daly and Pratima DesaiMajor cobalt producers in the Democratic Republic of Congo risk losing some of their first-half export quotas due to an administrative glitch affecting a customs platform, according to industry officials and a letter seen by Reuters.Due to new directives w…
London's miners rise after a weaker-than-expected U.S. jobs report eases expectations that the Federal Reserve will hike rates, pushing gold prices up. Higher interest rates typically weigh on nonyielding assets like gold and silver. The metal also continues to benefit from renewed concerns over th…
By Aamir KhalidAustralian shares ended broadly flat on Thursday, with strength in gold and bank stocks countering investor caution ahead of the crucial U.S. payrolls report, while Northern Star jumped after naming a new CEO.The S&P/ASX 200 index ASX:XJO closed 1.6 points higher at 8,724.50 points…
By Melanie Burton and Kumar TanishkNorthern Star Resources ASX:NST named Suresh Vadnagra on Thursday as its next CEO as it logged preliminary gold sales that met revised guidance, in a move that may placate activist investor Elliott, which is seeking an overhaul of the company.Australia's biggest…
RNS Number : 6663K Glencore PLC 01 July 2026 Glencore plcBaar, Switzerland1 July 2026Director DeclarationPursuant to FCA Listing Rule UKLR 6.4.9, Glencore plc notifies that Martin Gilbert, Non-Executive Director of the Company, has been appointed as an independent non-executive director of the…
By Antony CurrieThere's nothing like proving the doubters wrong. Graham Kerr must be feeling that as he steps down after 11 years running South32 ASX:S32. The $13 billion Sydney-listed mining company was laughed off and dubbed a "CrapCo" by analysts, investors and journalists alike when it was spun…
Glencore is a compelling and increasingly unique investment case because it is positioned to benefit from current market conditions while growing its copper portfolio, Berenberg's Richard Hatch and Jasper Mainwaring write. The commodity giant's legacy assets, such as coal and oil, combined with its…
By Antony CurrieThere's nothing like proving the doubters wrong. Graham Kerr must be feeling that as he steps down after 11 years running South32 ASX:S32. The $13 billion Sydney-listed mining company was laughed off and dubbed a "CrapCo" by analysts, investors and journalists alike when it was spun…
RNS Number : 3632K Glencore PLC 01 July 2026 Glencore plcBaar, Switzerland01 July 2026Notice of 2026 Half-Year Results2026 Half-Year Production ReportGlencore plc will release its 2026 Half-Year Production Report on Wednesday, 29 July 2026.The announcement will be screened by the Regulatory New…
RNS Number : 4435K Glencore PLC 30 June 2026 Glencore plcBaar, Switzerland30 June 2026Director DeclarationPursuant to FCA Listing Rule UKLR 6.4.9, Glencore plc notifies that Mr Kalidas Madhavpeddi, Non-Executive Chairman of the Company, is a non-executive director of the board of Sinda Ltd., a…
UK's blue-chip FTSE 100 inched higher on Tuesday, led by gains in industrial mining and financial shares, and was set to end the sixth consecutive quarter higher as optimism surrounding a ceasefire in the Middle East lifted sentiment.The internationally focussed FTSE 100 index CURRENCYCOM:UK100 ros…
Democratic Republic of Congo will withdraw unused cobalt export rights under first-half quotas and reassign them to a state-controlled entity, its strategic minerals regulator said, tightening control over shipments from the world's top producer.In a notice seen by Reuters on Monday, ARECOMS said a…