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Glencore Q1 Own Sourced Copper Production Up 3% LONDON (dpa-AFX) - Glencore plc (GLCNF.PK, GLNCY.PK, GLEN.L) reported own sourced copper production of 301,200 tonnes, 3% higher than in the first quarter of 2020, mainly relating to productivity improvements and mine plan sequencing at its South American operations including Collahuasi, Antamina and Antapaccay. Own sourced zinc production of 282,600 tonnes was 13,000 tonnes, 4% lower than Q1 2020, mainly relating to lower grades at Kazzinc's Maleevsky mine and mine sequencing at Kidd. Own sourced nickel production of 25,200 tonnes was 3,000 ton...

Thu, 29th Apr 2021 09:01 (Alliance News) - Glencore PLC on Thursday reported mostly lower production in the first quarter of 2021, saying this reflected Covid-safe working practices. The Anglo-Swiss miner said coal production of 24.5 million tonnes was 23% lower than a year before, mainly reflecting the halt to mining at Prodeco, located in Colombia, and various changes in the Australian portfolio. Entitlement interest oil production of 1.1 million barrels of oil equivalent was 41% lower than in the first quarter of 2020, reflecting the Chad oil fields being placed on care-and-maintenance in ...

Investegate announcements from Glencore PLC, Results of the 2021 AGM

UPDATE: Glencore notes shareholder discontent at general meeting Thu, 29th Apr 2021 16:45 (Alliance News) - Glencore PLC on Thursday reported some shareholder disapproval at its annual general meeting. Around 20% of shareholders were against the approval of the rules of the Glencore incentive plan, while 25% of shareholders voted against the directors remuneration policy, as set out in the 2020 annual report. "The company liaised extensively with its largest shareholders in developing the remuneration package and is grateful for their support. We will continue to consult with shareholders r...

Glencore’s trading arm saw commodity prices soar Glencore’s trade year started the year strong, as rising commodity prices pushed it up as its global economic outlook improved. The Swiss-based company, which is also a major miner, said year-over-year profits from its marketing unit would be at the top end of the $ 2.2 million and $ 3.2 million policy. Coal-fired products have risen due to strong demand from China and elsewhere as the global economy emerges from the coronavirus pandemic. Copper, which is used from household appliances to electric vehicles, was traded on Wednesday for more...