Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever

Miner and commodities trader Glencore (LON:GLEN) said Wednesday it would pay shareholders $2.9bn in dividends after achieving what it called its “strongest results on record”, which attributed mainly to a sharp recovery on commodity markets and a strong performance from its marketing unit. The 2017 results leave Ivan Glasenberg, the head of the Swiss company, well positioned to[…]

Glencore’s profit soars on commodities rebound

Miner and commodities trader Glencore (LON:GLEN) became Thursday the latest company to prove the mining industry is coming back up from one of the sector’s most severe downturns by posting a 48% increase in 2016 profits. A surge in commodity prices combined with Glencore’s multibillion-dollar asset fire-sale not only helped it swing back to profit, but also to[…]

Glencore did better as commodity trader than miner in Q3

Miner and commodities trader Glencore (LON:GLEN) reported Thursday a drop in output for most of the commodities it mines and sells, on the back of ongoing asset disposals, cutbacks at its operations, and bad weather. Glencore now expects slightly better earning before interest for the year —  $2.5 billion to $2.7 billion, versus the  $2.4 billion to $2.7[…]