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Glencore says it will go out of its way to preserve Teck’s Canadian identity but still faces a tough battle in Ottawa for takeover approval
Shares in miner and trader Glencore fell as much as 3.5% on Tuesday after 2023 production guidance across all the commodities it mines missed consensus estimates.
By Clara Denina and Helen Reid
Glencore plc (OTCPK:GLCNF) Q2 2022 Earnings Conference Call August 4, 2022 03:00 ET Company Participants Martin Fewings - Head, Investor Relations Gary Nagle - Chief Executive Officer...
2021 was a terrific year for the company, Glencore CEO Gary Nagle said on Tuesday, when he reported record earnings before interest tax depreciation and amortisation (Ebitda) of $21.3-billion, a record marketing performance Ebit of $3.7-bilion, and a record industrial business performance of $17.1-billion Ebitda. As a result, net debt of $6-billion is now significantly below the London- and Johannesburg-listed company’s cap of $10-billion, which opened the way for a $4-billion distribution back to shareholders, made up of cash of $3.45-billion and a share buyback of $550-million. (Also w...