Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Glencore PLC    GLEN   JE00B4T3BW64

Delayed Quote. Delayed  - 05/26 05:35:06 pm
292.5 GBp   +0.38%
05/26 GLENCORE : Director Declaration
05/25 FTSE steady near highs but Petrofac, Acacia slump on probe woes
05/25 GLENCORE : Agriculture tie-up Commodities giant Glencore
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Glencore International Plc : Zambia Mopani Copper Mines To Complete Smelter Upgrades In Dec

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2013 | 12:48pm CEST

By Nicholas Bariyo

Special to

Zambia's third largest copper and cobalt producer said Friday it will complete upgrades at its Mufulira Copper Smelter in December 2013, 18 months ahead of schedule as the miner steps up efforts to boost production and minimize pollution.

The completion of the $114 million upgrade at the smelter will help the company to start manufacturing acid from sulphur dioxide emissions and ease the fractious relationship with the country's authorities over pollution. Mopani is a unit of U.K.-listed Glencore International AG (GLEN.LN)

"This project is in its third and final phase and is expected to be completed ... 18 months earlier than initially agreed with the government," the company said in an emailed statement.

The Mufulira smelter treats at least 800,000 metric tons of copper concentrates from the company's mines in the Copperbelt province as well as third party concentrates from a number of other miners operating in Africa's largest copper producing nation, which is struggling under the burden on inadequate copper treatment facilities.

In April last year, the state-run Zambia Environmental Management Agency ordered the closure of Mopani's leach plant at Mufulira for nearly three weeks after it polluted the environment. Company officials said the company was losing around $100,000 a day during the closure.

opani has invested around $2 billion into its Zambian assets, breathing a new life into the ailing facilities that were on the verge of collapsing in the early 2000s, amid low global copper prices.

Other expansion projects in Zambia include the Synclinorium Shaft at Nkana mine, which will extend the life of the mine by 25 years and safeguard about 3,000 jobs. Currently, the company has the capacity to produce around 200,000 tons of finished copper a year.

Write to Nicholas Bariyo at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GLENCORE PLC
05/26 GLENCORE : Director Declaration
05/25 FTSE steady near highs but Petrofac, Acacia slump on probe woes
05/25 GLENCORE : Agriculture tie-up Commodities giant Glencore
05/25 GLENCORE : Agriculture tie-up
05/24 TOP GRAINS TRADERS FACE TOUGH CHOICE : Partner, merge or wait for bad weather
05/24 FTSE edges up helped by M&S, but miners weigh
05/24 GLENCORE : Announcement re Media Speculation
05/24 Big oil, banks gives Europe stability, autos driven lower by Fiat
05/24 BUNGE : says not in talks with Glencore following approach
05/24DJGlencore Pursues Bunge For Deal -- WSJ
More news
Sector news : Coal - NEC
05/25 CHINA COAL ENERGY : President of China Coal Energy Co Gao Jianjun under investig..
04/28DJCHINA SHENHUA ENERGY : Profit Rises Three-Fold
04/10DJCHINA COAL ENERGY : Expects to Swing to Net Profit in First Quarter
03/23DJCHINA COAL ENERGY : 2016 Net Profit CNY1.72 Billion Vs CNY3.27 Billion Net Loss ..
03/20DJCHINA SHENHUA ENERGY : 2016 Net Profit CNY24.91 Billion Vs CNY17.65 Billion Year..
More sector news : Coal - NEC
News from SeekingAlpha
05/24 Bunge says not in talks with Glencore, -7% premarket
05/24 WALL STREET BREAKFAST : Moody's Dings China Over Debt Fears
05/24 RISK ARBITRAGE TODAY : Why Westar Energy's Deal Is Not Dead
05/23 REUTERS : Bunge and Glencore discuss partnership, not sale
05/23 Glencore confirms it made takeover approach to Bunge
Advertisement
Financials ($)
Sales 2017 187 559 M
EBIT 2017 7 647 M
Net income 2017 5 185 M
Debt 2017 18 420 M
Yield 2017 3,25%
P/E ratio 2017 10,96
P/E ratio 2018 12,57
EV / Sales 2017 0,39x
EV / Sales 2018 0,35x
Capitalization 54 479 M
More Financials
Chart GLENCORE PLC
Duration : Period :
Glencore PLC Technical Analysis Chart | GLEN | JE00B4T3BW64 | 4-Traders
Full-screen chart
Technical analysis trends GLENCORE PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 4,70 $
Spread / Average Target 26%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Ivan Glasenberg Chief Executive Officer & Executive Director
Anthony Bryan Hayward Independent Non-Executive Chairman
Steven F. Kalmin Chief Financial Officer
Peter Roland Coates Non-Executive Director
Leonhard Heinrich Fischer Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GLENCORE PLC5.07%54 479
CHINA SHENHUA ENERGY C..33.19%60 247
COAL INDIA LTD-10.78%25 836
CHINA COAL ENERGY COMP..-7.57%9 021
SHAANXI COAL INDUSTRY ..22.27%8 654
YANZHOU COAL MINING CO..-2.39%6 095
More Results