Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Commodities  >  Silver       XAGUSD

Mes dernières consult.
Most popular
News SummaryAll newsTweets

Glencore : Raises Fiscal Year 2017 Ebit Guidance to $2.6 Billion-$2.8 Billion

share with twitter share with LinkedIn share with facebook
share via e-mail
10/30/2017 | 08:49am CET
   By Oliver Griffin 

Glencore PLC (GLEN.LN) on Monday raised its full-year guidance for earnings before interest and tax to between $2.6 billion and $2.8 billion, citing a strong third-quarter performance as it reported production declines in some metals.

In its quarterly production report, Glencore said that own-sourced copper production totaled 946,500 tons, 11% less on year. The mining company attributed the drop to a minority sale transacted in the last quarter of 2016 and to declines in end-of-mine-life production, among other reasons.

Nickel production also fell, declining 2% to 80,700 tons, while zinc production went up 5% to 827,400 tons.

The company said that the 91 million tons of coal it produced was in line with the year-earlier period, as expected increases were offset by the impacts of industrial action in New South Wales, Australia, and unusually heavy rainfall in Colombia.

Glencore also said that its oil entitlement production interest of 3.9 million barrels was 36% below last year's figure, due to natural field declines.

With oil drilling having recommenced in Chad in the second half of the year, Glencore expects an improved performance in the African country as the single-rig drilling campaign is brought to fruition.

Write to Oliver Griffin at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on SILVER
01/18 Rio Tinto Halts Shipments From Mongolia Mine After Tax, Border Disputes -FT
01/17 GLENCORE : Cameroon Sells 50% of Bolongo Block Stake to Perenco Cameroon -SNH
01/15 Rio Tinto Records Record Quarterly Iron-Ore Shipments
01/15 Investors see few silver linings in Carillion collapse
01/15 Investors see few silver linings in Carillion collapse
01/12 Indonesia Inalum Receives Mandate to Buy Freeport Stake
01/11 Rio Tinto Drops out of Bidding for Chilean Lithium Producer -Bloomberg
01/10 Rio Tinto Receives $500 Million Offer for Smelter in France
01/10 Rio Tinto PLC Rio Tinto receives a binding offer for Dunkerque
01/02 GLENCORE : Agrees to Sell Australian Coal Mine to GFG Alliance -- Update
More news
Duration : Period :
Silver Technical Analysis Chart | XAGUSD | 4-Traders
Technical analysis trends SILVER
Short TermMid-TermLong Term