Get Live Data

Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally
Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globallyView Video
Firering Strategic Minerals : from explorer to producer
Firering Strategic Minerals: From explorer to producerView Video

Latest Share Chat

  2. Share Prices
  3. Glencore Share Price
  4. Glencore Share News
  5. Merafe Snaps Up 21% Interest In Glencore's Unicorn Chrome

Pin to quick picksGlencore Share News (GLEN)

Glencore Information

Share Price Information for Glencore (GLEN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 461.20
Bid: 461.10
Ask: 461.20
Change: -2.75 (-0.59%)
Spread: 0.10 (0.022%)
Open: 462.90
High: 463.65
Low: 459.95
Prev. Close: 463.95
GLEN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Merafe Snaps Up 21% Interest In Glencore's Unicorn Chrome

Fri, 29th May 2020 08:43

(Alliance News) - Coal miner Merafe Resources Ltd on Friday said it has concluded a deal to pick up a stake in Unicorn Chrome Pty Ltd from Glencore PLC for ZAR32.2 million.

Merafe has picked up a 21% interest in Unicorn, and lauded the deal as "a valuable addition to its chrome interests".

"Unicorn has a shareholding in a UG2 chrome concentrate producer which extracts chrome concentrate from a tailings stream in the North West Province," Merafe said.

"Merafe considers this acquisition as a long-term strategic investment which will place the company in a better position and ahead of its peers from an operational perspective. Given the cyclical nature of the mining industry, prudent cash management is crucial, especially now during Covid-19 pandemic," the company said.

Shares in the company were 1.8% higher at ZAR0.56 each in Johannesburg on Friday morning. Glencore was down 2.6% at ZAR33.21. In London, Glencore was down 1.5% at 154.90 pence each in London.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
21 Dec 2023 10:14

Middle East Crude-Benchmarks dip in thin trade; Rongsheng closes tenders

SINGAPORE, Dec 21 (Reuters) - Benchmark Dubai crude slipped back into a discount on Thursday amid relatively quiet trade, while Oman and Murban also softened.

Read more
19 Dec 2023 17:15

Europe Gasoline/Naphtha-Margins drop as ample supplies offset Red Sea concerns

LONDON, Dec 19 (Reuters) - Northwest European gasoline refining dropped to $7.2 a barrel on Tuesday as ample supplies in the Atlantic basin offset concerns due to tanker disruptions in the Red Sea.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.)                     Trades 
Ebob                                  $727.50 
Barges 
MOC 
Platts E5 
(fob ARA) 
<EUROBOB- 
ARA> 
Ebob                                  $728 
Barges 
E10 
Platts(fo 
b ARA) 
Ebob       $729-$7                    $735.50  Shell,   Trafigu 
Barges     44                         (4KT)    Varo,    ra, BP, 
Argus                                          Sahara   Mabanaf 
E5(fob                                                  t 
AR) 
Ebob       $728,                      $727     Shell,   Varo, 
Barges     $745.50                    11KT     Exxon,   Total 
E10 Argus                                      BP 
(fob AR) 
Jan. swap  $742.50                    $741.25 
fob ARA 
Premium 
Unleaded 
(fob ARA) 
<PU-10PP- 
ARA> 
Cargoes 
(fob MED) 
Cargoes 
(cif NEW) 
Naphtha             Jan 
(cif NEW)           +$14 
<NAF-C-NW 
E> 
 
 Ebob crack (per barrel)   $7.2           Prev. $8.6 
Brent futures 
Rbob 
Rbob crack                <RBc1-CLc1>
(Reporting by Ron Bousso; editing by David Evans)

Read more
18 Dec 2023 17:40

Europe Gasoline/Naphtha-Margins slip as Red Sea attacks push oil higher

LONDON, Dec 18 (Reuters) - Northwest European gasoline refining slipped by about $1 to $8.6 a barrel as underlying crude prices rose 3% on mounting attacks on ships in the Red Sea.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.)                     Trades 
Ebob                                  $727.50 
Barges 
MOC 
Platts E5 
(fob ARA) 
<EUROBOB- 
ARA> 
Ebob                                  $728 
Barges 
E10 
Platts(fo 
b ARA) 
Ebob       $735.50                             Varo,    Trafigu 
Barges     (4KT)                               Glencor  ra 
Argus                                          e 
E5(fob 
AR) 
Ebob       $727                                Shell,   Varo, 
Barges     11KT                                Exxon    Totsa 
E10 Argus 
(fob AR) 
Jan. swap  $741.25                    $725.25 
fob ARA 
Premium 
Unleaded 
(fob ARA) 
<PU-10PP- 
ARA> 
Cargoes 
(fob MED) 
Cargoes 
(cif NWE) 
Naphtha             Jan 
(cif NWE)           +$14 
<NAF-C-NW 
E> 
 
 Ebob crack (per barrel)   $8.6           Prev. $9.7 
Brent futures 
Rbob 
Rbob crack                <RBc1-CLc1>
(Reporting by Ahmad Ghaddar; Editing by Mark Porter)

Read more
15 Dec 2023 08:53

LONDON MARKET OPEN: Stocks edge higher ahead of slew of PMIs

(Alliance News) - Stock prices in London opened slightly higher on Friday, with the Bank of England and European Central Bank going against the Federal Reserves dovish policy twist.

Read more
14 Dec 2023 21:19

Freepoint settles US charges over multi-year bribery scheme

NEW YORK, Dec 14 (Reuters) - Freepoint Commodities LLC has agreed to pay over $98 million to settle U.S. charges in connection with a scheme to misappropriate material non-public information and bribe Brazilian officials, authorities said on Thursday.

Read more
14 Dec 2023 14:00

Sustainable Finance Newsletter - FERC spotlight looms for BlackRock & Vanguard

Dec 14 (Reuters) - Last May I wrote about efforts by Republican elected officials in proceedings before a U.S. utility regulator to question the role that big index funds had taken in their ownership of major utilities.

Read more
13 Dec 2023 13:48

Glencore faces green questions over proposed Teck acquisition

(Alliance News) - Glencore PLC said on Wednesday its shareholders have raised questions about how the company intends to integrate Teck Resources Ltd's steelmaking coal business into its green plan.

Read more
13 Dec 2023 13:18

Glencore to update climate plan in 2024 after investor pressure

LONDON, Dec 13 (Reuters) - Glencore will publish an updated climate action transition plan in March 2024, it said on Wednesday, after some investors rejected its climate progress report and it agreed to buy Canadian miner Teck Resources' steelmaking coal business.

Read more
12 Dec 2023 12:07

London midday: FTSE still firmer ahead of US inflation print

(Sharecast News) - London's markets remained relatively stable by midday on Tuesday, with the top-flight index still in the green after fresh jobs data showed a slowdown in wage growth.

Read more
12 Dec 2023 01:55

Peru copper output up nearly 2% in October as Antapaccay surges

LIMA, Dec 11 (Reuters) - Peru's copper production rose 1.9% in October compared with the same month last year, totaling 240,097 metric tons for the month, the Andean country's mines and energy ministry said on Monday.

Read more
11 Dec 2023 16:57

LONDON MARKET CLOSE: Blue-chips nurse modest losses despite late rally

(Alliance News) - Blue-chips in London posted modest losses at the close on Monday as a late rally saw most of the early deficit recouped.

Read more
11 Dec 2023 15:38

London close: Stocks mixed ahead of central bank meetings

(Sharecast News) - London's stock markets closed with mixed results on Monday as miners faced pressure following disappointing Chinese economic data.

Read more
11 Dec 2023 08:43

LONDON MARKET OPEN: FTSE 100 down as miners fall amid tepid China data

(Alliance News) - Stock prices in London opened a touch lower on Monday, in a slow start to a week stacked with interest rate decisions.

Read more
6 Dec 2023 15:15

London close: Stocks rise as investors digest US jobs data

(Sharecast News) - London's stock markets finished with a positive performance on Wednesday, with the FTSE 100 and FTSE 250 both closing in the green.

Read more
4 Dec 2023 16:56

LONDON MARKET CLOSE: FTSE 100 slips as miners hold down index

(Alliance News) - Stock prices in London closed lower on Monday, with miners and oil firms holding down the FTSE 100 index.

Read more
789101112131415

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.