Glencore news

Glencore is a multinational mining and commodities company that has been in the news for various reasons. Here are some recent news articles and updates about Glencore:

Recent News:

  1. Glencore to sell $1.5 billion in assets to reduce debt: In February 2023, Glencore announced plans to sell $1.5 billion in assets to reduce its debt and improve its financial position. The company plans to use the proceeds to pay down debt and invest in its operations. (Source: Reuters)
  2. Glencore's Q4 2022 results show improved profitability: In February 2023, Glencore reported its Q4 2022 results, which showed a significant improvement in profitability. The company's net income rose to $1.4 billion, compared to a net loss of $1.3 billion in the same period a year earlier. (Source: Glencore's website)
  3. Glencore's Congo copper mine faces environmental concerns: In January 2023, a report by the International Crisis Group highlighted environmental concerns at Glencore's copper mine in the Democratic Republic of Congo. The report alleged that the mine was causing significant environmental damage and harming local communities. (Source: International Crisis Group)
  4. Glencore's oil trading business faces challenges: In December 2022, Glencore's oil trading business faced challenges due to a decline in demand and a surge in competition. The company's oil trading revenue fell by 30% in the fourth quarter of 2022. (Source: Bloomberg)

Past Controversies:

  1. Glencore's role in the Democratic Republic of Congo's conflict: In 2016, Glencore was accused of funding armed groups in the Democratic Republic of Congo, which was contributing to the country's conflict. The company denied the allegations, but an investigation by the Congo Research Group found evidence of Glencore's involvement. (Source: Congo Research Group)
  2. Glencore's role in the 2015 oil price collapse: In 2015, Glencore was accused of manipulating the oil market to drive down prices and increase its profits. The company denied the allegations, but an investigation by the US Commodity Futures Trading Commission found that Glencore had engaged in illegal trading practices. (Source: US Commodity Futures Trading Commission)
  3. Glencore's environmental record: Glencore has faced criticism for its environmental record, particularly at its coal mines in Australia and its oil operations in Africa. The company has been accused of polluting waterways and contributing to climate change. (Source: Greenpeace)

Investor Information:

  1. Glencore's stock performance: Glencore's stock has been volatile in recent years, with the company's share price falling by over 50% in 2020. However, the stock has recovered somewhat in recent months, with the company's share price rising by around 20% in 2022. (Source: Yahoo Finance)
  2. Glencore's dividend policy: Glencore has a history of paying dividends to its shareholders, with the company paying out around 20% of its net income in dividends in 2022. However, the company has also suspended its dividend payments in the past due to financial difficulties. (Source: Glencore's website)

I hope this information is helpful!