Numerical

Glencore

$2.6 billion

Net loss incurred by Glencore, a mining and commodities giant, in the first 6 months of 2020. It has since scrapped its planned annual dividend, worth $2.6bn. The company blamed the uncertain economic outlook caused by the COVID-19 pandemic and pledged to reduce its debt instead.

Last Modified: 07-Aug-2020 11:57 PM

20

Posted by Numerical Team in Business & Industry

Tags Mining Glencore

Source The Economist Espresso

$14.52 million

Amount paid by India-based firm Adani Enterprises to buy out the operator of Queensland’s Abbot Point Coal Terminal, Abbot Point BulkCoal (APB), from Glencore. Adani first purchased the Abbot Point Coal Terminal from the government of Queensland under a 99-year lease, but control of operations was maintained by Glencore via its ownership of the operator.

Last Modified: 23-Sep-2016 11:48 PM

57

Posted by Coal Numerical in Business & Industry

Tags Shipping Abbot Point Coal Terminal Coal Adani Enterprises Glencore Queensland Carmichael Coal Project Galilee Basin

Source Coal Age

Glencore to close Tahmoor mine in NSW due to low coal prices

Glencore to close Tahmoor mine in NSW due to low coal prices 3

Last Modified: 03-Jun-2016 3:57 AM

139

Posted by Coal Numerical in Business & Industry

Tags Power Sector Coal Industry Glencore Tahmoor Coal Mine New South Wales Australia

Source The Sydney Morning Herald | Tim Elliott