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

Delayed Quote. Delayed  - 07/29 09:39:22 am
183.653 GBp   -1.10%
07/27 GLENCORE : China Bids Largest Gold Mine in Central Asia
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Glencore : China Bids Largest Gold Mine in Central Asia

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07/27/2016 | 12:24pm CEST

SHANGHAI, July 27, SinoCast -- China's Silk Road Fund and China National Gold Group Corporation are in joint negotiations on takeover of Kazakhstan's largest gold mine. This is the first time the USD 40 billion Silk Road Fund established in 2014 bids a gold mine in Central Asia, which would means that China's appetite for gold is reaching a new high.

The Kazakhstan's gold mine is a unit of Glencore. Glencore is selling assets in a big way in order to repay debts.

Media reports that Shandong Gold and Zijin Mining are likely to compete for the gold mine with the Silk Road Fund. The largest gold mine in Central Asia will be taken over by China no matter who wins the deal.

© Sinocast, source Sinocast Beats

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Financials ($)
Sales 2016 159 011 M
EBIT 2016 2 373 M
Net income 2016 854 M
Debt 2016 27 358 M
Yield 2016 0,04%
P/E ratio 2016 47,74
P/E ratio 2017 29,17
EV / Sales 2016 0,39x
EV / Sales 2017 0,35x
Capitalization 35 338 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 2,46 $
Spread / Average Target 0,73%
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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
William Edward Macaulay Independent Non-Executive Director
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Sector and Competitors
1st jan.Capitalization (M$)
GLENCORE PLC105.24%35 338
CHINA SHENHUA ENERGY C..-2.00%42 863
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CHINA COAL ENERGY COMP..-9.59%9 655
SHAANXI COAL INDUSTRY ..20.37%8 843
YANZHOU COAL MINING CO..25.29%6 408
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