August 21, 2017 12:48 PM ET

Metals and Mining

Company Overview of Glencore Plc

Company Overview

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of commodities worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore. The Energy Products segment activities include coal mining and oil production operations covering crude oil, oil products, steam coal, and metallurgical coal; and investments in ports, vessels, and storage facilities. The Agricultural Products segment engages in the farming, processing, handling, s...

Baarermattstrasse 3

PO Box 777

Baar,  6341

Switzerland

Founded in 1974

155,000 Employees

Phone:

41 41 709 2000

Fax:

41 41 709 3000

Key Executives for Glencore Plc

Chief Executive Officer and Executive Director
Age: 60
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2016.

Glencore Plc Key Developments

Glencore Seeks Acquisitions

"We continue to see Glencore Plc (LSE:GLEN)'s potential to drive value through future mergers and acquisitions (M&A) and marketing volume additions as attractive in this current low-growth mining environment," Tyler Broda, an analyst at RBC Capital Markets in London, wrote.

Glencore And Century Aluminum Eyes Aluminum Business Of Rio Tinto

Century Aluminum Company (NASDAQ: CENX) and Glencore Plc (LSE:GLEN) are reportedly interested in buying Pacific Aluminum business of Rio Tinto Limited (ASX:RIO).

Glencore plc Reports Unaudited Consolidated Earnings Results for the First Half Year Ended June 30, 2017

Glencore Plc reported unaudited consolidated earnings results for the first half year ended June 30, 2017. For the first half, the company reported revenue of $100,287 million compared to $69,425 million a year ago. Income before income taxes was $2,867 million compared to loss of $698 million a year ago. Income for the period from continuing operations was $2,234 million $0.17 per basic and diluted share compared to loss of $647 million or $0.03 per basic and diluted share a year ago. Net income attributable to equity holders were $2,450 million or $0.17 per basic and diluted share compared to loss of $369 million or $0.03 per basic and diluted share a year ago. Adjusted EBITDA was $6,741 million compared to $4,020 million a year ago. Adjusted EBIT was $3,801 million compared to $875 million a year ago. Funds from operations were $5,201 million compared to $2,762 million a year ago. Capital expenditure was $1,679 million compared to $1,571 million a year ago. Net debt as at June 30, 2017 was $13,873 million compared to $15,526 million in the year December 31, 2016. Net cash generated by operating activities was $4,904 million compared to $3,500 million a year ago. Purchase of property, plant and equipment was $1,441 million compared to $1,360 million a year ago.

Similar Private Companies By Industry

Company Name Region
African Iron Ore Group Limited Europe
Algra Holding AG Europe
Aluminium Laufen AG Europe
Aluwag Gebr.wagner Ag Europe
Amera Payment Systems AG Europe

Recent Private Companies Transactions

Type
Date
Target
Private Placement
July 21, 2017
Paranapanema S.A.
Merger/Acquisition
July 20, 2017
--
Merger/Acquisition
June 11, 2017
28.89% Stake in Warkworth Joint Venture and 32.4% Stake in Hunter Valley Operations
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Glencore Plc, please visit www.glencore.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.