Glencore Weighing 2015 Share Buyback Versus Other Options

Glencore Plc, the mining company that proposed a merger with Rio Tinto Group this year, is weighing whether to continue buying back its shares in 2015 against other potential opportunities including acquisitions.

“We are in as good a position as any to look at what we do in terms of continuation of buyback programs come 2015,” Chief Financial Officer Steven Kalmin told analysts and investors today at a presentation in London. “But you are going to throw into the mix of course what we may do in some other opportunities that come up.”