Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Glencore    GLEN   JE00B4T3BW64

GLENCORE

(GLEN)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Katanga names Glencore Coal's chief development officer for top job

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/18/2019 | 05:06am EDT

(Reuters) - Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job, taking over from Danny Callow.

The appointment comes less than two months after Glencore, the world's biggest supplier of seaborne coal, said it would limit annual coal production capacity to current levels of about 150 million tonnes after discussion with its investors.

Gerard will take over on May 2 and will also serve as the head of Glencore's assets in the Democratic Republic Of Congo (DRC) and oversee its Mutanda mining operation in the country.

DRC is home to almost 60 percent of the world's supply of cobalt, a mineral expected to be in increasing demand for batteries used in electric vehicles.

Glencore mines about a quarter of the world's cobalt, with most of its output coming from Congo. It plans to ramp up total production of cobalt, mostly from the Katanga and Mutanda mines in DRC, to about 57,000 tonnes in 2019 from 42,200 tonnes last year, the company said in February.

However, a U.S. demand for documents in July related to Glencore's assets in DRC as part of a corruption and money laundering probe had weighed on investor sentiment.

Gallow, who took over as CEO of Katanga in January, had worked for over 12 years in Glencore's African copper operations and played a key role in developing its copper assets in DRC.

(Reporting by Arathy S Nair in Bengaluru; Editing by Arun Koyyur)

Stocks treated in this article : Katanga Mining Ltd, Glencore
Stocks mentioned in the article
ChangeLast1st jan.
GLENCORE 0.51% 254.3 Delayed Quote.-12.72%
GOLD 0.09% 1501.435 Delayed Quote.16.29%
KATANGA MINING LTD -1.96% 0.5 Delayed Quote.1.92%
LME COPPER CASH -0.30% 5745 End-of-day quote.-1.61%
SILVER 0.20% 17.847 Delayed Quote.14.34%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GLENCORE
12:34pGlencore Joins Efforts to Modernize Agribusiness Shipping -- Market Talk
DJ
12:29pGlencore Joins Efforts to Modernize Agribusiness Shipping -- Market Talk
DJ
04:18aGlencore joins grain merchants' digital project
RE
09/12GLENCORE : H2 Distribution-determination of currency amounts
PU
09/12LONDON MARKETS: FTSE 100 Struggles Higher; Miners Lifted On Signs Of Trade-wa..
DJ
09/06LONDON STOCK EXCHANGE : China stimulus plan lifts FTSE 100; G4S boosts mid-caps
RE
09/05Petrobras unit head removed amid bribery allegations
RE
09/05EXCLUSIVE : Middleman implicates top executives at Vitol, Trafigura in alleged b..
RE
09/05NOTICE TO HOLDERS OF THE U.S.$625 MI : Xs1799614232)
PU
09/05LONDON STOCK EXCHANGE : Strong sterling knocks FTSE 100 despite trade lull
RE
More news
Financials (USD)
Sales 2019 217 B
EBIT 2019 4 872 M
Net income 2019 1 382 M
Debt 2019 33 399 M
Yield 2019 5,32%
P/E ratio 2019 22,7x
P/E ratio 2020 11,3x
EV / Sales2019 0,35x
EV / Sales2020 0,32x
Capitalization 42 609 M
Chart GLENCORE
Duration : Period :
Glencore Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GLENCORE
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 3,56  $
Last Close Price 3,18  $
Spread / Highest target 90,8%
Spread / Average Target 11,8%
Spread / Lowest Target -57,1%
EPS Revisions
Managers
NameTitle
Ivan Glasenberg Chief Executive Officer & Executive Director
Anthony Bryan Hayward Non-Executive Chairman
Steven F. Kalmin Chief Financial Officer
Peter Roland Coates Non-Executive Director
Leonhard Heinrich Fischer Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
GLENCORE-12.72%42 261
CHINA SHENHUA ENERGY COMPANY LIMITED9.80%52 618
COAL INDIA-17.92%16 657
SHAANXI COAL INDUSTRY CO LTD22.04%12 800
CHINA COAL ENERGY COMPANY6.88%8 158
YANZHOU COAL MINING CO LTD28.59%6 875