Could Glencore really ditch the so-called ‘home of mining’ the London Stock Exchange? March 15, 2024 Activist investor Tribeca sent jitters through the City yesterday with the claim that London had lost its lustre for the likes of Glencore - but could it leave?
London ‘no longer the home of mining’ as activist pushes for Glencore to shift listing to Sydney March 14, 2024 The proposals included shifting the company's primary stock market listing from London to Sydney.
Weir Group: Mining tech giant buffs lagging sector with strong returns February 29, 2024 The group's positive showing amidst a downturn in the mining sector
Slumping profits, massive writedowns and a crumbling valuation – what’s happening with Anglo American? February 26, 2024 Anglo American is struggling from falling diamond and platium prices as well as instability in South Africa.
Miners are set for a bumpy ride February 26, 2024 The UK’s major miners face multiple challenges. The first of these is operational – Glencore and Anglo American, two of London’s largest commodity outfits, have bled profits in 2023. For the former, adjusted EBITDA fell by 50 per cent year-on-year to $17bn in 2023 while Anglo American saw a net profit fall of 94 per cent. [...]
FTSE 100 close: London dragged lower as HSBC suffers worst share price fall since 2008 February 21, 2024 HSBC was the latest bank to announce results, following Barclays yesterday and Natwest last week, but markets were not impressed.
Glencore reports steep drop in profit as the good times come to an end for the mining giant February 21, 2024 Glencore has reported a drop in profit and reduced shareholder returns following the "normalisation of international energy flows."
Glencore-backed nickel miner’s shares Horizonte Minerals crash 62 per cent on project warning February 20, 2024 Commodities like Nickel continue to face an uncertain 2024 as geopolitical and climate risks continue to grow
BHP to book £5.3bn charge on Samarco dam disaster and nickel mine impairment February 15, 2024 Mining giant BHP has said today it will take a non-cash impairment charge of approximately $3.5bn (£2.8bn) against the carrying value of its Western Australia Nickel arm
Glencore remains bearish on nickel outlook as it writes off £3.2bn investment February 13, 2024 Mining giant Glencore is shopping its 49 per cent stake in a major nickel mine, writing off around $4bn of investment to date.