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Pin to quick picksGlencore Share News (GLEN)

Share Price Information for Glencore (GLEN)

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Share Price: 460.70
Bid: 460.15
Ask: 460.35
Change: -7.25 (-1.55%)
Spread: 0.20 (0.043%)
Open: 466.50
High: 466.50
Low: 457.45
Prev. Close: 467.95
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PRESS: Glencore's Mopani Copper In Zambia Closes Two Shafts; Jobs Lost

Thu, 08th Aug 2019 18:29

(Alliance News) - Glencore PLC majority-owned Mopani Copper Mines in Zambia closed two shafts at its Nkana mine in a move that led to job losses, Reuters reported on Thursday.

The business news wire cited a Mopani spokesman as reporting: "The closure of the two uneconomic shafts was always part of our plans."

The spokesman told Reuters the move would allow the firm to channel funds towards the completion of other expansion projects. The firm would not confirm how many jobs were to be lost by the non-renewal of the job contracts associated with the Mindola north and central shafts.

https://www.reuters.com/article/us-zambia-mining-glencore/glencore-zambian-unit-closes-two-mine-shafts-opposition-sees-1400-job-cuts-idUSKCN1UY1T3

Shares in Glencore closed 2.8% higher at 235.80 pence in London on Thursday.

According to the 2018 annual report of Glencore, the FTSE 100-listed commodities trader and miner held a 73% interest in Mopani.

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UK earnings, trading statements calendar - next 7 days

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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25 Jan 2024 13:54

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25 Jan 2024 13:26

Second-largest US aluminum plant to lay off most staff -local news

Jan 25 (Reuters) - The second-largest U.S. aluminum smelter in southeast Missouri will not require "most employees" after curtailing its operations by Jan. 28, according to a local news report on Wednesday citing a letter from plant management.

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Viterra workers in Saskatchewan agree to new contract - union

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