Glencore Xstrata Plc (GLEN), the biggest publicly traded commodities supplier, will export concentrates from its Rosh Pinah zinc and lead mine from a Namibian port closer to the operation starting next week, an official said.
Glencore Xstrata Plc (GLEN), the biggest publicly traded commodities supplier, plans to accelerate shipments of lead and zinc concentrates from its Rosh Pinah mine in Namibia after switching ports, a person familiar with the plan said.
Glencore Xstrata Plc, based in Baar, forecasts that demand for coal exports will rise 12 percent by 2016 from this year and has a �positive medium-term market outlook� as less profitable mines close, removing supply.
Shares of Rio Tinto PLC (RIO) added 2.1%, BHP Billiton PLC ( BHP ) gained 1.9%, Randgold Resources Ltd. put on 1.5% and Glencore Xstrata PLC (GLCNF) rose 1.5%. Losses in banking stocks limited the FTSE's gains. Shares of Standard Chartered PLC ...
The company is also in talks with Glencore GLNCY +0.55% Glencore Xstrata PLC ADS U.S.: OTCBB $10.00 +0.06 +0.55% Dec. 6, 2013 3:59 pm Volume (Delayed 15m) : 14,526 P/E Ratio N/A Market Cap $66.15 Billion Dividend Yield 2.16% Rev.
Glencore Xstrata Plc, BHP Billiton Ltd. and Whitehaven Coal Ltd. are among producers scheduled to mine more next year, adding tonnage equivalent to 3 percent of global trade, data compiled by Bloomberg show.
Shipments of bauxite have risen sharply as buyers stockpile in preparation for the planned stoppage, while potential mining investors such as UC Rusal and Glencore-Xstrata Plc are watching for clues on how the rule will be implemented. The mineral ...