Glencore Reports Dip in Earnings Due to Languishing Coal Prices
Swiss mining group Glencore announced a dip in its earnings, attributing the decline to languishing coal prices. This marks the first set of results since the company's talks with Rio Tinto fell apart.
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Glencore’s Earnings Fall Despite Second-Half Recovery - The Wall Street Journal
Glencore’s Earnings Fall Despite Second-Half Recovery The Wall Street Journal
Read full article →Glencore earnings dip as coal prices languish
Swiss mining group reports first set of results since Rio Tinto talks fell apart
Read full article →Miner Glencore to give $2bn to shareholders despite profit slump
FTSE 100 company reports 6% fall in annual profits weeks after collapse of $260bn merger with Rio Tinto Glencore is to give $2bn (£1.47bn) to shareholders after a turbulent year in which profits slumped and talks collapsed over a blockbuster $260bn merger with the fellow mining company Rio Tinto. The FTSE 100 firm announced the payout on Wednesday despite reporting that annual profits slipped 6% on the previous year to $13.5bn. Continue reading...
By Alex Daniel
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