Glencore Archives - Page 3 of 9 - Manitoba Co-operator

Bunge leaves door open to selling itself, cuts 2017 forecast

By GFM Network News, Karl Plume August 2, 2017

Chicago/Reuters – Bunge Ltd kept the door open on Wednesday to a sale of the company as it reported a 34 percent drop in quarterly earnings and cut its full-year outlook, but its chief executive officer predicted a grains market rebound that would reverse the slide. CEO Soren Schroder said planned cost cuts should also

Crops

Glencore seen paying up to US$6 billion in possible Bunge deal

By Barbara Lewis, GFM Network News May 26, 2017

London | Reuters –– Miner and trader Glencore may pay up to US$6 billion in cash in a possible tie-up with U.S. grains trader Bunge based on current valuations, Moody’s ratings agency said on Friday, but said it did not expect an outright acquisition. Glencore said this week it had made an informal approach to

Crops

Glencore looking to expand agriculture business, CEO says

By Barbara Lewis, GFM Network News May 24, 2017

Cham, Switzerland | Reuters –– Miner and trader Glencore is looking to expand its agriculture business via its partnership with two Canadian funds, the company’s CEO said on Wednesday, but has no plans to move into any commodities it does not already trade. CEO Ivan Glasenberg was speaking a day after U.S. grains trader Bunge

Crops

Glencore approaches Bunge on possible takeover

By GFM Network News, Reuters May 23, 2017

Reuters — Glencore Plc said on Tuesday its agricultural unit has made an informal approach to commodities trader Bunge Ltd. about a “possible consensual business combination,” the company said in a statement. The commodities trading firm did not say more about a potential offer that its Glencore Agriculture unit made to Bunge. Glencore, whose Canadian

Crops

U.S. agribusiness deal not a priority for Glencore

By GFM Network News, Reuters March 28, 2017

Lausanne | Reuters — Glencore does not see further consolidation in agricultural commodities as straightforward and views a U.S. acquisition as less crucial than in the past, the group’s agriculture chief said Tuesday. The diversified trading and mining group had pointed to the possibility of making bolt-on acquisitions after posting improved results for 2016 and

Glencore, whose Sudbury Integrated Nickel Operations (INO) in Ontario are shown here, has shed assets to cut debt and now plans to maintain a lower net debt to earnings ratio. (Glencore.com)

Crops

Glencore ready for deals and dividends after profit boost

By Barbara Lewis, Dmitry Zhdannikov, GFM Network News February 23, 2017

London | Reuters –– Commodities trader and miner Glencore reported an 18 per cent rise in full-year profit on Thursday, buoyed by a rebound in raw materials prices, and said it was well-placed financially for small acquisitions or a special dividend payout. Analysts said the results beat expectations, driving the share price nearly two per

Crops

Viterra results offset Glencore’s improved year-end

By GFM Network News, Manitoba Co-operator Staff February 23, 2017

Commodity giant Glencore’s efforts to ratchet down its debts paid off in fiscal 2016 — though “challenges” weighed on the ledger for its Viterra grain handling arm. Swiss-based Glencore on Thursday released preliminary results for 2016, booking net income attributable to equity holders of $1.379 billion on $152.948 billion in revenues, up from an $8.114

Rail cars arrive at Glencore’s Puerto Prodeco coal depository in Colombia. (Glencore.com)

Crops

Glencore sees renewables not cost competitive until mid-century

By GFM Network News, Nina Chestney September 27, 2016

London | Reuters — Renewable energy will not be cost competitive with fossil fuels until 2050, Glencore said on Tuesday, much later than energy organizations forecast and supporting the mining and trading giant’s case for continued investment in coal. Glencore, whose non-mining holdings include Canadian grain handler Viterra, has said coal is still an investment

Crops

Viterra plans new elevator in eastern Saskatchewan

By GFM Network News, Manitoba Co-operator Staff September 17, 2016

Glencore’s Prairie grain handling arm Viterra plans to boost its throughput capacity in east-central Saskatchewan with a new elevator at Wadena. Wadena, served by both Canadian National and Canadian Pacific Railways (CN, CP), already has a smaller Viterra elevator on each line. The two former Saskatchewan Wheat Pool elevators have capacity for 5,020 and 4,000

Crops

Viterra books lower first-half revenues for Glencore

By GFM Network News, Manitoba Co-operator Staff August 24, 2016

“Average” crops and lower prices on the Prairies in the first half of 2016 led to results “substantially below” those in the year-earlier period for Viterra’s Canadian operations. Viterra’s owner, Swiss commodity mining/marketing firm Glencore, on Wednesday reported a nine per cent drop in revenues across its global agricultural products business, from $10.74 billion in

Daily Network News

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Tag Archives Glencore

Bunge leaves door open to selling itself, cuts 2017 forecast

Glencore seen paying up to US$6 billion in possible Bunge deal

Glencore looking to expand agriculture business, CEO says

Glencore approaches Bunge on possible takeover

U.S. agribusiness deal not a priority for Glencore

Glencore ready for deals and dividends after profit boost

Viterra results offset Glencore’s improved year-end

Glencore sees renewables not cost competitive until mid-century

Viterra plans new elevator in eastern Saskatchewan

Viterra books lower first-half revenues for Glencore

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